Sivia Capital Partners LLC Has $1.77 Million Stake in Snowflake Inc. (NYSE:SNOW)

Sivia Capital Partners LLC decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 20.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,428 shares of the company’s stock after selling 3,888 shares during the quarter. Snowflake makes up about 1.0% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Sivia Capital Partners LLC’s holdings in Snowflake were worth $1,772,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Swedbank AB acquired a new stake in Snowflake in the first quarter valued at $258,957,000. Vanguard Group Inc. lifted its stake in Snowflake by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 20,988,720 shares of the company’s stock valued at $4,176,755,000 after acquiring an additional 1,559,830 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Snowflake in the first quarter valued at $171,608,000. AQR Capital Management LLC lifted its stake in Snowflake by 210.0% in the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock valued at $131,656,000 after acquiring an additional 660,168 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Snowflake by 471.9% during the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after buying an additional 628,511 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, insider Benoit Dageville sold 1,946 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $222,602.94. Following the transaction, the insider now directly owns 53,820 shares in the company, valued at $6,156,469.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Christian Kleinerman sold 558 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total value of $61,357.68. Following the completion of the sale, the executive vice president now owns 759,473 shares of the company’s stock, valued at $83,511,651.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Benoit Dageville sold 1,946 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $222,602.94. Following the transaction, the insider now directly owns 53,820 shares of the company’s stock, valued at $6,156,469.80. This represents 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 worth $7,049,994. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on SNOW. Stifel Nicolaus cut their target price on shares of Snowflake from $200.00 to $168.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Barclays cut their target price on shares of Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. JMP Securities lowered their price target on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a research report on Thursday, August 22nd. UBS Group lowered their price target on shares of Snowflake from $155.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $175.00 price target on shares of Snowflake in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Snowflake Trading Down 0.3 %

Shares of Snowflake stock traded down $0.39 on Monday, reaching $123.64. The stock had a trading volume of 1,887,261 shares, compared to its average volume of 6,699,660. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The company has a market cap of $41.39 billion, a P/E ratio of -44.30 and a beta of 0.83. The business’s 50 day moving average is $116.35 and its two-hundred day moving average is $134.35.

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

Snowflake Company 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.