5,173 Shares in Snowflake Inc. $SNOW Bought by BDF Gestion

BDF Gestion acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 5,173 shares of the company’s stock, valued at approximately $1,757,000.

Several other large investors also recently made changes to their positions in the business. Generali Investments Management Co LLC lifted its holdings in shares of Snowflake by 172.9% during the 3rd quarter. Generali Investments Management Co LLC now owns 3,652 shares of the company’s stock valued at $1,240,000 after acquiring an additional 2,314 shares in the last quarter. SteelPeak Wealth LLC boosted its position in Snowflake by 5.6% during the 3rd quarter. SteelPeak Wealth LLC now owns 3,273 shares of the company’s stock worth $1,111,000 after purchasing an additional 175 shares during the period. CRA Financial Services LLC acquired a new stake in Snowflake in the 3rd quarter valued at $191,000. Frank Rimerman Advisors LLC increased its holdings in Snowflake by 2.8% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,935 shares of the company’s stock valued at $997,000 after purchasing an additional 80 shares in the last quarter. Finally, KRS Capital Management LLC increased its holdings in Snowflake by 3.9% in the 3rd quarter. KRS Capital Management LLC now owns 2,413 shares of the company’s stock valued at $819,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SNOW shares. TD Cowen upped their target price on Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Scotiabank reiterated a “sector outperform” rating and set a $440.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. DA Davidson boosted their price target on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. KeyCorp upped their price target on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Citigroup increased their price objective on shares of Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirty-six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake Stock Up 3.2%

SNOW stock traded up $9.77 during mid-day trading on Monday, hitting $316.61. 2,846,982 shares of the company were exchanged, compared to its average volume of 6,484,383. The firm has a fifty day simple moving average of $333.25 and a 200 day simple moving average of $255.61. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The company has a market capitalization of $111.70 billion, a PE ratio of -99.40 and a beta of 1.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. Snowflake’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 EPS. On average, research analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president directly owned 340,379 shares in the company, valued at approximately $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 251,010 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $325.53, for a total transaction of $81,711,285.30. Following the transaction, the director directly owned 28,535 shares of the company’s stock, valued at approximately $9,288,998.55. This trade represents a 89.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 956,744 shares of company stock worth $316,741,285. 4.80% of the stock is owned by company insiders.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.