Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Buys Shares of 5,103 Snowflake Inc. $SNOW

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,103 shares of the company’s stock, valued at approximately $1,142,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new stake in Snowflake during the 2nd quarter worth approximately $25,000. Avion Wealth raised its stake in shares of Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares during the last quarter. Rossby Financial LCC lifted its holdings in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the period. Whittier Trust Co. grew its stake in shares of Snowflake by 149.1% in the second quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 82 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in Snowflake by 417.2% in the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after purchasing an additional 121 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $224.99 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a fifty day moving average of $251.32 and a 200-day moving average of $227.03. The firm has a market capitalization of $76.23 billion, a P/E ratio of -55.69 and a beta of 1.09.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 43.84%. The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 28.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SNOW shares. Mizuho lifted their target price on Snowflake from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Jefferies Financial Group set a $300.00 price objective on Snowflake in a research note on Monday, November 24th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Wednesday, November 26th. Robert W. Baird raised their price target on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Scotiabank restated an “outperform” rating on shares of Snowflake in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $274.78.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the completion of the sale, the executive vice president owned 512,450 shares in the company, valued at $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $230.65, for a total value of $92,951.95. Following the completion of the transaction, the director owned 24,524 shares in the company, valued at approximately $5,656,460.60. This represents a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 218,819 shares of company stock valued at $52,823,885 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Snowflake Company Profile

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.