Certuity LLC Takes $295,000 Position in Snowflake Inc. (NYSE:SNOW)

Certuity LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,484 shares of the company’s stock, valued at approximately $295,000.

Several other large investors also recently bought and sold shares of the business. Provence Wealth Management Group purchased a new stake in Snowflake during the third quarter valued at approximately $30,000. M&R Capital Management Inc. lifted its holdings in shares of Snowflake by 100.0% in 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 during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of 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 purchasing an additional 52 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Snowflake by 54.1% during the 3rd 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 buying an additional 97 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 0.5 %

Shares of NYSE:SNOW opened at $156.02 on Thursday. The business has a 50-day moving average price of $165.95 and a 200-day moving average price of $178.97. The stock has a market cap of $52.14 billion, a price-to-earnings ratio of -61.18 and a beta of 0.90. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million during the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. As a group, equities analysts anticipate that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Rosenblatt Securities upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Friday, April 5th. Redburn Atlantic restated a “sell” rating and issued a $125.00 target price (down from $180.00) on shares of Snowflake in a research note on Tuesday, March 19th. Stifel Nicolaus decreased their price target on shares of Snowflake from $235.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, February 29th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $202.77.

Insider Activity at Snowflake

In other news, SVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00. Following the sale, the senior vice president now owns 726,567 shares in the company, valued at $167,110,410. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Snowflake news, CEO Sridhar Ramaswamy purchased 31,542 shares of Snowflake stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average price of $158.52 per share, with a total value of $5,000,037.84. Following the acquisition, the chief executive officer now owns 31,542 shares of the company’s stock, valued at approximately $5,000,037.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $230.00, for a total value of $2,300,000.00. Following the transaction, the senior vice president now directly owns 726,567 shares of the company’s stock, valued at $167,110,410. The disclosure for this sale can be found here. Insiders sold 155,676 shares of company stock worth $31,784,491 over the last three months. Company insiders own 8.30% of the company’s stock.

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.