Duality Advisers LP Takes $4.37 Million Position in Snowflake Inc. (NYSE:SNOW)

Duality Advisers LP acquired a new position in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 21,936 shares of the company’s stock, valued at approximately $4,365,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 100 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Snowflake by 822.2% in the first quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock worth $38,000 after purchasing an additional 148 shares during the last quarter. Ulland Investment Advisors LLC grew its position in Snowflake by 270.0% in the 3rd quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after purchasing an additional 135 shares during the period. Provence Wealth Management Group purchased a new stake in Snowflake during the 3rd quarter valued at $30,000. Finally, M&R Capital Management Inc. lifted its holdings in shares of Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after buying an additional 100 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake Trading Down 2.0 %

SNOW traded down $2.96 during trading hours on Friday, hitting $145.45. The company’s stock had a trading volume of 4,974,560 shares, compared to its average volume of 4,571,237. The stock has a market cap of $48.61 billion, a price-to-earnings ratio of -57.04 and a beta of 0.91. The business’s 50-day moving average price is $177.80 and its 200-day moving average price is $179.41. Snowflake Inc. has a 12 month low of $135.26 and a 12 month high of $237.72.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. On average, analysts forecast that Snowflake Inc. will post -1.9 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Grzegorz Czajkowski sold 683 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $161.42, for a total transaction of $110,249.86. Following the sale, the executive vice president now owns 86,208 shares in the company, valued at approximately $13,915,695.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Emily Ho sold 1,500 shares of the company’s stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 28,393 shares of the company’s stock, valued at $4,457,133.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Grzegorz Czajkowski sold 683 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $161.42, for a total value of $110,249.86. Following the completion of the sale, the executive vice president now owns 86,208 shares in the company, valued at $13,915,695.36. The disclosure for this sale can be found here. Insiders have sold 180,555 shares of company stock valued at $36,868,487 over the last ninety days. 8.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNOW. Raymond James upped their price objective on Snowflake from $190.00 to $223.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. HSBC reissued a “reduce” rating on shares of Snowflake in a report on Thursday, February 29th. Truist Financial reduced their target price on shares of Snowflake from $250.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, February 29th. Citigroup dropped their price target on shares of Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Finally, Wedbush upped their price objective on Snowflake from $144.00 to $210.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.00.

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.