1,252 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,252 shares of the company’s stock, valued at approximately $249,000.

Other large investors have also recently added to or reduced their stakes in the company. Ulland Investment Advisors LLC grew its stake in Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after buying an additional 135 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Snowflake by 333.3% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the last quarter. Provence Wealth Management Group bought a new stake in shares of Snowflake during the third quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. grew 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 valued at $31,000 after purchasing an additional 72 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its stake 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 valued at $31,000 after purchasing an additional 97 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Grzegorz Czajkowski sold 683 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the transaction, the executive vice president now owns 86,208 shares of the company’s stock, valued at $13,915,695.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Snowflake news, CEO Sridhar Ramaswamy bought 31,542 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average price of $158.52 per share, with a total value of $5,000,037.84. Following the completion of the transaction, the chief executive officer now owns 31,542 shares in the company, valued at $5,000,037.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Grzegorz Czajkowski sold 683 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total transaction of $110,249.86. Following the completion of the transaction, the executive vice president now directly owns 86,208 shares of the company’s stock, valued at approximately $13,915,695.36. The disclosure for this sale can be found here. Insiders have sold a total of 179,055 shares of company stock worth $36,633,917 over the last ninety days. Company insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Snowflake from $255.00 to $246.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Wedbush increased their price target on shares of Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. decreased their price target on shares of Snowflake from $200.00 to $170.00 and set an “overweight” rating on the stock in a research note on Thursday, February 29th. Citigroup decreased their price target 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. Finally, Redburn Atlantic reissued a “sell” rating and set a $125.00 price target (down from $180.00) on shares of Snowflake in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.00.

Snowflake Stock Down 1.1 %

Shares of NYSE:SNOW opened at $150.28 on Wednesday. Snowflake Inc. has a 12 month low of $135.26 and a 12 month high of $237.72. The company’s fifty day simple moving average is $182.44 and its 200 day simple moving average is $179.47. The firm has a market cap of $50.22 billion, a price-to-earnings ratio of -58.93 and a beta of 0.91.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $759.86 million. Research analysts expect that Snowflake Inc. will post -1.92 earnings per share for the current fiscal 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.