Y.D. More Investments Ltd Purchases Shares of 1,000 Snowflake Inc. (NYSE:SNOW)

Y.D. More Investments Ltd acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,000 shares of the company’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Provence Wealth Management Group purchased a new stake in Snowflake in the 3rd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Snowflake by 54.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Snowflake by 89.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after buying an additional 97 shares during the last quarter. M&R Capital Management Inc. raised its stake in Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after acquiring an additional 100 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Snowflake by 34.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after acquiring an additional 52 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 1,500 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total transaction of $235,470.00. Following the completion of the sale, the chief accounting officer now directly owns 28,393 shares in the company, valued at $4,457,133.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, SVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00. Following the completion of the sale, the senior vice president now directly owns 726,567 shares in the company, valued at $167,110,410. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Emily Ho sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $156.98, for a total value of $235,470.00. Following the transaction, the chief accounting officer now owns 28,393 shares in the company, valued at $4,457,133.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 155,676 shares of company stock valued at $31,784,491. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of recent analyst reports. Mizuho reaffirmed a “buy” rating and set a $205.00 price objective (down previously from $255.00) on shares of Snowflake in a report on Thursday, February 29th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup reduced their price objective on shares of Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Oppenheimer lowered their target price on shares of Snowflake from $240.00 to $220.00 and set an “outperform” rating for the company in a report on Thursday, February 29th. Finally, Rosenblatt Securities raised Snowflake from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $202.77.

Snowflake Stock Performance

Shares of SNOW stock opened at $160.27 on Thursday. The stock has a market cap of $53.56 billion, a PE ratio of -61.18 and a beta of 0.90. The business’s fifty day moving average is $165.95 and its 200-day moving average is $178.97. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The business had revenue of $774.70 million during the quarter, compared to the consensus estimate of $759.86 million. Equities research analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current year.

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.