Quantum Private Wealth LLC Has $1.19 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Quantum Private Wealth LLC lessened its stake in shares of Snowflake Inc. (NYSE:SNOW) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,958 shares of the company’s stock after selling 99 shares during the quarter. Quantum Private Wealth LLC’s holdings in Snowflake were worth $1,186,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 822.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock worth $38,000 after acquiring an additional 148 shares in the last quarter. Ulland Investment Advisors LLC boosted its stake in shares of Snowflake by 270.0% during the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 135 shares in the last quarter. Provence Wealth Management Group bought a new stake in shares of Snowflake during the 3rd quarter worth about $30,000. Finally, M&R Capital Management Inc. boosted its stake in shares of Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Activity

In related news, CEO Sridhar Ramaswamy acquired 31,542 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was acquired at an average cost of $158.52 per share, with a total value of $5,000,037.84. Following the completion of the purchase, the chief executive officer now directly owns 31,542 shares in the company, valued at $5,000,037.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CRO Christopher William Degnan sold 2,346 shares of Snowflake stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $203.28, for a total transaction of $476,894.88. Following the completion of the sale, the executive now directly owns 102,007 shares of the company’s stock, valued at $20,735,982.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sridhar Ramaswamy bought 31,542 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was acquired at an average cost of $158.52 per share, with a total value of $5,000,037.84. Following the completion of the purchase, the chief executive officer now owns 31,542 shares of the company’s stock, valued at approximately $5,000,037.84. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 179,055 shares of company stock valued at $36,633,917. Company insiders own 8.30% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW traded down $1.68 during midday trading on Wednesday, hitting $150.30. The stock had a trading volume of 4,705,665 shares, compared to its average volume of 5,239,566. The company’s 50-day simple moving average is $182.44 and its 200 day simple moving average is $179.47. The firm has a market cap of $50.23 billion, a P/E ratio of -58.94 and a beta of 0.91. Snowflake Inc. has a fifty-two week low of $135.26 and a fifty-two week high of $237.72.

Snowflake (NYSE:SNOW) last released its 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. The company had revenue of $774.70 million during the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. Equities analysts expect that Snowflake Inc. will post -1.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Monness Crespi & Hardt upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Monday, March 18th. Redburn Atlantic restated a “sell” rating and set a $125.00 target price (down previously from $180.00) on shares of Snowflake in a research note on Tuesday, March 19th. Raymond James increased their target price on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wedbush increased their target price on Snowflake from $144.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, JMP Securities increased their target price on Snowflake from $212.00 to $235.00 and gave the company a “market outperform” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $202.00.

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.