SeaCrest Wealth Management LLC Has $1.61 Million Stock Position in Snowflake Inc. (NYSE:SNOW)

SeaCrest Wealth Management LLC lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 8,511 shares of the company’s stock after selling 72 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Snowflake were worth $1,610,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kingfisher Capital LLC lifted its stake in shares of Snowflake by 0.4% in the third quarter. Kingfisher Capital LLC now owns 14,745 shares of the company’s stock worth $2,253,000 after buying an additional 63 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Snowflake by 8.1% in the third quarter. Advisors Asset Management Inc. now owns 859 shares of the company’s stock worth $131,000 after purchasing an additional 64 shares during the period. Scotia Capital Inc. lifted its position in shares of Snowflake by 1.1% during the 3rd quarter. Scotia Capital Inc. now owns 6,444 shares of the company’s stock worth $985,000 after purchasing an additional 69 shares during the last quarter. Visionary Wealth Advisors lifted its position in shares of Snowflake by 4.8% during the 2nd quarter. Visionary Wealth Advisors now owns 1,540 shares of the company’s stock worth $271,000 after purchasing an additional 70 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Snowflake by 54.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 1,500 shares of Snowflake stock in a transaction on Monday, March 18th. The stock was sold at an average price of $156.98, for a total transaction of $235,470.00. Following the completion of the sale, the chief accounting officer now directly owns 28,393 shares of the company’s stock, valued at $4,457,133.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Snowflake news, CAO Emily Ho sold 1,500 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $156.98, for a total value of $235,470.00. Following the sale, the chief accounting officer now directly owns 28,393 shares in the company, valued at $4,457,133.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frank Slootman sold 86,078 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $225.13, for a total transaction of $19,378,740.14. Following the completion of the transaction, the chief executive officer now directly owns 180,143 shares of the company’s stock, valued at approximately $40,555,593.59. The disclosure for this sale can be found here. Insiders have sold 184,355 shares of company stock worth $37,679,411 over the last ninety days. Company insiders own 8.30% of the company’s stock.

Snowflake Stock Performance

SNOW traded up $1.39 during mid-day trading on Thursday, reaching $161.43. The stock had a trading volume of 10,099,773 shares, compared to its average volume of 7,140,221. The firm’s fifty day simple moving average is $195.94 and its two-hundred day simple moving average is $179.43. The stock has a market capitalization of $53.16 billion, a P/E ratio of -63.96 and a beta of 0.94. Snowflake Inc. has a 52 week low of $135.26 and a 52 week high of $237.72.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative return on equity of 13.80% and a negative net margin of 29.79%. As a group, analysts expect that Snowflake Inc. will post -1.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SNOW. Needham & Company LLC cut their price target on Snowflake from $265.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 29th. TD Cowen upped their target price on shares of Snowflake from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, December 11th. Citigroup decreased their price target on shares of Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, March 4th. Piper Sandler reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a research report on Tuesday, February 27th. Finally, Redburn Atlantic reiterated a “sell” rating and issued a $125.00 target price (down previously from $180.00) on shares of Snowflake in a research note on Tuesday, March 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $202.50.

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.