Annis Gardner Whiting Capital Advisors LLC Acquires 3,000 Shares of Snowflake Inc. $SNOW

Annis Gardner Whiting Capital Advisors LLC increased its stake in Snowflake Inc. (NYSE:SNOW) by 60,000.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,005 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Snowflake were worth $678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC boosted its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. Fifth Third Bancorp grew its stake in shares of Snowflake by 224.8% in the 2nd quarter. Fifth Third Bancorp now owns 354 shares of the company’s stock valued at $79,000 after buying an additional 245 shares during the period. Finally, Raleigh Capital Management Inc. bought a new stake in Snowflake in the 2nd quarter valued at about $53,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the completion of the transaction, the director directly owned 32,756 shares of the company’s stock, valued at $7,555,171.40. This represents a 60.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the completion of the sale, the executive vice president directly owned 512,450 shares in the company, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 618,681 shares of company stock valued at $137,427,145 in the last three months. Insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on SNOW. Monness Crespi & Hardt increased their price target on Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Raymond James Financial set a $250.00 target price on Snowflake in a research report on Monday, December 15th. JMP Securities increased their target price on Snowflake from $283.00 to $325.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 28th. Wells Fargo & Company lifted their price target on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley restated an “overweight” rating and set a $299.00 price target on shares of Snowflake in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.58.

Snowflake Stock Up 1.6%

Snowflake stock opened at $216.14 on Thursday. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50-day simple moving average is $225.08 and its 200 day simple moving average is $228.25. The stock has a market cap of $73.96 billion, a PE ratio of -53.50 and a beta of 1.14.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.Snowflake’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Research analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake Company 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.