AG2R LA Mondiale Gestion D Actifs Acquires Shares of 11,588 Snowflake Inc. $SNOW

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,588 shares of the company’s stock, valued at approximately $1,694,000.

A number of other large investors also recently modified their holdings of SNOW. Opal Wealth Advisors LLC purchased a new stake in shares of Snowflake in the 1st quarter valued at approximately $26,000. CVA Family Office LLC increased its position in shares of Snowflake by 80.0% in the 1st quarter. CVA Family Office LLC now owns 198 shares of the company’s stock valued at $29,000 after purchasing an additional 88 shares during the last quarter. Spurstone Advisory Services LLC acquired a new position in shares of Snowflake in the 4th quarter valued at $31,000. Capital A Wealth Management LLC acquired a new position in shares of Snowflake in the 4th quarter valued at $31,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Snowflake by 748.0% in the 1st quarter. Golden State Wealth Management LLC now owns 212 shares of the company’s stock valued at $31,000 after buying an additional 187 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNOW has been the subject of several research analyst reports. Cantor Fitzgerald upped their target price on shares of Snowflake from $242.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Oppenheimer upped their target price on shares of Snowflake from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on shares of Snowflake from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 28th. Raymond James Financial upped their target price on shares of Snowflake from $212.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Finally, Loop Capital upped their target price on shares of Snowflake from $220.00 to $245.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $255.53.

Snowflake Stock Down 1.5%

Shares of NYSE:SNOW opened at $221.17 on Friday. The stock has a market cap of $73.84 billion, a P/E ratio of -53.29 and a beta of 1.22. The firm has a fifty day moving average price of $212.83 and a 200 day moving average price of $188.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.58. Snowflake Inc. has a 1-year low of $108.71 and a 1-year high of $249.99.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.08. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Snowflake had a negative net margin of 33.53% and a negative return on equity of 42.98%. Snowflake’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. Sell-side analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $224.84, for a total transaction of $90,610.52. Following the completion of the transaction, the director owned 25,733 shares in the company, valued at approximately $5,785,807.72. This represents a 1.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 548 shares of the company’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $223.86, for a total transaction of $122,675.28. Following the transaction, the executive vice president owned 553,733 shares of the company’s stock, valued at approximately $123,958,669.38. The trade was a 0.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224,389 shares of company stock worth $719,812,350 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Snowflake 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.