Vanguard Personalized Indexing Management LLC Acquires 1,634 Shares of Snowflake Inc. (NYSE:SNOW)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 12.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,542 shares of the company’s stock after purchasing an additional 1,634 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Snowflake were worth $2,894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SNOW. Provence Wealth Management Group purchased a new position in shares of Snowflake in the 3rd quarter worth $30,000. M&R Capital Management Inc. increased its position 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 valued at $40,000 after purchasing an additional 100 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Snowflake by 34.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after buying an additional 52 shares during the last quarter. Global Wealth Management Investment Advisory Inc. increased its holdings in 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. Finally, Private Trust Co. NA raised its position in Snowflake by 188.6% in the fourth quarter. Private Trust Co. NA now owns 228 shares of the company’s stock worth $45,000 after acquiring an additional 149 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Up 0.0 %

Shares of SNOW stock traded up $0.06 during mid-day trading on Thursday, hitting $164.43. 1,298,587 shares of the stock were exchanged, compared to its average volume of 6,049,016. The company has a market cap of $54.95 billion, a PE ratio of -64.45 and a beta of 0.90. Snowflake Inc. has a 52-week low of $138.40 and a 52-week high of $237.72. The firm has a fifty day moving average of $157.12 and a 200 day moving average of $179.62.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating 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 firm had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Equities analysts predict that Snowflake Inc. will post -1.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SNOW shares. Bank of America reduced their price objective on Snowflake from $212.00 to $200.00 and set a “neutral” rating for the company in a research note on Wednesday. Truist Financial lowered their price objective on Snowflake from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Oppenheimer reduced 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. Raymond James lifted their price target on shares of Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Snowflake from $200.00 to $170.00 and set an “overweight” rating on the stock in a research report on Thursday, February 29th. Two equities research 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $202.43.

Insiders Place Their Bets

In other Snowflake news, Director Mark D. Mclaughlin bought 3,030 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $165.45 per share, with a total value of $501,313.50. Following the purchase, the director now directly owns 11,687 shares of the company’s stock, valued at approximately $1,933,614.15. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Mark D. Mclaughlin purchased 3,030 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was acquired at an average price of $165.45 per share, with a total value of $501,313.50. Following the purchase, the director now directly owns 11,687 shares in the company, valued at approximately $1,933,614.15. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Benoit Dageville sold 689 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $111,218.38. Following the completion of the transaction, the insider now owns 70,665 shares of the company’s stock, valued at $11,406,744.30. The disclosure for this sale can be found here. Insiders have sold a total of 62,380 shares of company stock valued at $9,803,625 in the last 90 days. 8.30% of the stock is owned by insiders.

About Snowflake

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.