4,225 Shares in Snowflake Inc. (NYSE:SNOW) Bought by WD Rutherford LLC

WD Rutherford LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,225 shares of the company’s stock, valued at approximately $683,000.

A number of other large investors have also modified their holdings of the company. Cigna Investments Inc. New increased its position in shares of Snowflake by 1.6% in the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after buying an additional 51 shares in the last quarter. E&G Advisors LP increased its holdings in Snowflake by 3.0% in the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock worth $352,000 after acquiring an additional 51 shares in the last quarter. Commerce Bank raised its position in Snowflake by 0.8% during the fourth quarter. Commerce Bank now owns 6,138 shares of the company’s stock worth $1,221,000 after acquiring an additional 51 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after purchasing an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. grew its position in shares of Snowflake by 18.1% in the fourth quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock valued at $68,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. Mizuho reduced their target price on Snowflake from $205.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. StockNews.com lowered Snowflake from a “hold” rating to a “sell” rating in a report on Friday, May 24th. UBS Group upped their target price on shares of Snowflake from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Thursday, May 23rd. KeyCorp raised their price target on shares of Snowflake from $185.00 to $200.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Citigroup dropped their price objective on shares of Snowflake from $290.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, March 4th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.03.

Insider Transactions at Snowflake

In other news, EVP Grzegorz Czajkowski sold 469,120 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the transaction, the executive vice president now directly owns 494,942 shares of the company’s stock, valued at approximately $60,922,410.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Grzegorz Czajkowski sold 469,120 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $123.09, for a total value of $57,743,980.80. Following the completion of the transaction, the executive vice president now owns 494,942 shares in the company, valued at approximately $60,922,410.78. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Benoit Dageville sold 558 shares of Snowflake stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $128.31, for a total transaction of $71,596.98. Following the sale, the insider now owns 63,222 shares in the company, valued at $8,112,014.82. The disclosure for this sale can be found here. In the last three months, insiders sold 519,112 shares of company stock valued at $64,932,073. Insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

SNOW stock traded up $1.17 during mid-day trading on Friday, reaching $135.09. The company had a trading volume of 8,129,297 shares, compared to its average volume of 8,566,449. The firm has a fifty day simple moving average of $145.74 and a 200 day simple moving average of $173.37. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of -48.26 and a beta of 0.85. Snowflake Inc. has a fifty-two week low of $122.60 and a fifty-two week high of $237.72.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. The firm had revenue of $828.71 million for the quarter, compared to analysts’ expectations of $786.95 million. As a group, analysts predict that Snowflake Inc. will post -2.28 earnings per share for the current year.

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.