Ayalon Insurance Comp Ltd. lifted its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 30.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 19,552 shares of the company’s stock after buying an additional 4,522 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Snowflake were worth $2,246,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of SNOW. LRI Investments LLC bought a new position in Snowflake in the 1st quarter worth approximately $29,000. Wellington Shields Capital Management LLC bought a new position in Snowflake in the 2nd quarter worth approximately $27,000. V Square Quantitative Management LLC bought a new position in Snowflake in the 3rd quarter worth approximately $30,000. Global Financial Private Client LLC bought a new position in Snowflake in the 1st quarter worth approximately $44,000. Finally, Opal Wealth Advisors LLC bought a new position in Snowflake in the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.
Insider Transactions at Snowflake
In other news, EVP Christian Kleinerman sold 30,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the completion of the sale, the executive vice president now directly owns 721,755 shares in the company, valued at approximately $86,610,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Christian Kleinerman sold 30,000 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $120.00, for a total value of $3,600,000.00. Following the completion of the transaction, the executive vice president now directly owns 721,755 shares of the company’s stock, valued at $86,610,600. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 6,251 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $114.39, for a total transaction of $715,051.89. Following the completion of the transaction, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $23,877,196.65. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 59,538 shares of company stock worth $7,049,994. Company insiders own 7.80% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on SNOW
Snowflake Trading Up 0.5 %
Snowflake stock opened at $118.99 on Thursday. The firm has a 50-day moving average of $114.71 and a 200-day moving average of $131.02. The firm has a market cap of $39.89 billion, a P/E ratio of -38.89 and a beta of 0.83. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72.
Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. Snowflake’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.52) earnings per share. Research analysts forecast that Snowflake Inc. will post -2.41 earnings per share for the current fiscal year.
About Snowflake
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.
Read More
- Five stocks we like better than Snowflake
- How to Choose Top Rated Stocks
- IonQ’s Quantum Surge: Ride the Wave or Cash Out?
- What is a Dividend Harvesting Strategy and How Can Investors Profit from it?
- Caterpillar Stock: Market Points to a Buying Opportunity
- EV Stocks and How to Profit from Them
- Big Buybacks Announced: 3 Stocks Insiders Are Banking On
Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.