Militia Capital Partners LP Buys Shares of 3,300 Snowflake Inc. $SNOW

Militia Capital Partners LP bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,300 shares of the company’s stock, valued at approximately $724,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Snowflake in the 4th quarter worth $974,091,000. Jennison Associates LLC boosted its position in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Coatue Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter worth $441,277,000. American Century Companies Inc. boosted its position in shares of Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after purchasing an additional 1,473,354 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 162,924 shares of Snowflake stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $263.70, for a total transaction of $42,963,058.80. Following the completion of the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $10,032,730.20. The trade was a 81.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the sale, the director directly owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. This represents a 91.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,489,989 shares of company stock worth $341,929,050. 4.80% of the stock is owned by insiders.

Snowflake Stock Performance

Shares of SNOW opened at $239.11 on Wednesday. The stock has a 50-day moving average of $177.16 and a two-hundred day moving average of $189.71. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $82.87 billion, a P/E ratio of -67.93 and a beta of 1.35.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SNOW. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Cantor Fitzgerald raised their price objective on Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Wells Fargo & Company raised their price objective on Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, KeyCorp set a $295.00 price objective on Snowflake in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $291.77.

Snowflake 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.