Win Advisors Inc. Makes New $864,000 Investment in Snowflake Inc. $SNOW

Win Advisors Inc. bought a new position in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,941 shares of the company’s stock, valued at approximately $864,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. boosted its stake in shares of Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after purchasing an additional 40 shares during the last quarter. Diligent Investors LLC boosted its stake in shares of Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after purchasing an additional 40 shares during the last quarter. CX Institutional boosted its stake in shares of Snowflake by 13.2% in the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after purchasing an additional 49 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after purchasing an additional 49 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after purchasing an additional 50 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of analyst reports. Truist Financial set a $125.00 price objective on shares of Snowflake in a research note on Wednesday, April 15th. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, January 21st. Finally, Needham & Company LLC dropped their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Stock Down 0.8%

Snowflake stock opened at $151.29 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The firm’s fifty day moving average is $156.22 and its 200 day moving average is $199.11. The company has a market capitalization of $52.30 billion, a PE ratio of -38.30 and a beta of 1.08.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $0.30 EPS. Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, sell-side analysts predict that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the transaction, the director owned 30,236 shares in the company, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 384,313 shares of company stock worth $64,308,373. Corporate insiders own 6.80% of the company’s stock.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.