Vantage Investment Partners LLC Has $2.30 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Vantage Investment Partners LLC decreased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 47.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,985 shares of the company’s stock after selling 17,838 shares during the quarter. Vantage Investment Partners LLC’s holdings in Snowflake were worth $2,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. LRI Investments LLC grew its position in Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock valued at $25,000 after purchasing an additional 112 shares during the period. Wellington Shields Capital Management LLC bought a new position in Snowflake during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in Snowflake during the 3rd quarter valued at $30,000. Fortitude Family Office LLC bought a new position in Snowflake during the 3rd quarter valued at $34,000. Finally, Opal Wealth Advisors LLC bought a new position in Snowflake during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares of the company’s stock, valued at $83,511,651.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Frank Slootman sold 1,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $176,595.76. Following the transaction, the director now owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $61,357.68. Following the transaction, the executive vice president now owns 759,473 shares of the company’s stock, valued at approximately $83,511,651.08. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,538 shares of company stock valued at $7,061,544. Insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Loop Capital lowered their target price on Snowflake from $225.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, August 21st. Citigroup cut their price objective on Snowflake from $236.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. KeyCorp cut their price objective on Snowflake from $168.00 to $150.00 and set an “overweight” rating for the company in a report on Monday. Monness Crespi & Hardt upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Wednesday, November 6th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $180.00 target price on shares of Snowflake in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $172.09.

Snowflake Stock Performance

NYSE SNOW opened at $123.48 on Tuesday. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72. The stock has a 50-day moving average of $115.33 and a 200 day moving average of $129.12. The company has a market capitalization of $41.39 billion, a price-to-earnings ratio of -40.35 and a beta of 0.83.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $868.80 million for the quarter, compared to analysts’ expectations of $851.72 million. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. The business’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same period last year, the firm posted ($0.52) earnings per share. On average, equities analysts predict that Snowflake Inc. will post -2.41 earnings per share for the current fiscal 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.