Snowflake (NYSE:SNOW) Director Teresa Briggs Sells 344 Shares

Snowflake Inc. (NYSE:SNOW) Director Teresa Briggs sold 344 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $254.64, for a total transaction of $87,596.16. Following the transaction, the director owned 5,403 shares of the company’s stock, valued at approximately $1,375,819.92. This trade represents a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teresa Briggs also recently made the following trade(s):

• On Monday, July 6th, Teresa Briggs sold 343 shares of Snowflake stock. The stock was sold at an average price of $255.11, for a total transaction of $87,502.73.

Snowflake Trading Up 1.5%

Snowflake stock opened at $265.91 on Tuesday. The firm has a market cap of $92.16 billion, a price-to-earnings ratio of -75.41 and a beta of 1.35. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The firm’s 50 day moving average price is $205.08 and its two-hundred day moving average price is $190.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, research analysts predict that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

A number of institutional investors have recently bought and sold shares of SNOW. Assetmark Inc. boosted its holdings in Snowflake by 99.1% in the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC raised its position in shares of Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Swedbank AB raised its position in shares of Snowflake by 6.0% during the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after buying an additional 75,419 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Snowflake by 8.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock valued at $31,639,000 after buying an additional 10,972 shares during the period. Finally, Cache Advisors LLC lifted its stake in shares of Snowflake by 175.0% in the fourth quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock valued at $2,442,000 after buying an additional 7,084 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SNOW. Mizuho increased their price target on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Loop Capital upped their price objective on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Oppenheimer raised their target price on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wedbush boosted their price target on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Benchmark raised their price objective on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $293.53.

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.