Venture Visionary Partners LLC Purchases 2,416 Shares of Snowflake Inc. $SNOW

Venture Visionary Partners LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 25.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 12,075 shares of the company’s stock after acquiring an additional 2,416 shares during the quarter. Venture Visionary Partners LLC’s holdings in Snowflake were worth $2,649,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Total Clarity Wealth Management Inc. grew its stake in shares of Snowflake by 2.7% during the third 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 grew its stake in shares of Snowflake by 0.9% during the third 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. Wolff Wiese Magana LLC grew its stake in shares of Snowflake by 10.0% during the fourth 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. HHM Wealth Advisors LLC grew its stake in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Finally, United Asset Strategies Inc. grew its stake in shares of Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 162,924 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $263.70, for a total value of $42,963,058.80. Following the sale, the director directly owned 38,046 shares in the company, valued at approximately $10,032,730.20. This trade represents a 81.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $98,819.63. Following the sale, the director owned 22,106 shares in the company, valued at approximately $5,420,612.26. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,578,690 shares of company stock valued at $357,534,217. 4.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 3.4%

SNOW opened at $240.61 on Tuesday. The firm’s fifty day moving average is $175.41 and its two-hundred day moving average is $189.78. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $83.40 billion, a PE ratio of -68.35 and a beta of 1.35. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Equities research analysts anticipate that Snowflake Inc. will post -1.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SNOW shares. Wedbush increased their price target on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Truist Financial increased their price target on shares of Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 5th. DA Davidson increased their price target on shares of Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Royal Bank Of Canada raised their price objective on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Citigroup raised their price objective on shares of Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $291.77.

Snowflake Company Profile

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.