Snowflake Inc. (NYSE:SNOW) Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 6.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,829 shares of the company’s stock after buying an additional 115 shares during the period. Clear Creek Financial Management LLC’s holdings in Snowflake were worth $210,000 as of its most recent SEC filing.

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

Insider Transactions at Snowflake

In other news, insider Benoit Dageville sold 287 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now directly owns 53,250 shares in the company, valued at approximately $5,932,582.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Benoit Dageville sold 287 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $111.41, for a total transaction of $31,974.67. Following the transaction, the insider now owns 53,250 shares of the company’s stock, valued at approximately $5,932,582.50. The trade was 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 hyperlink. Also, EVP Christian Kleinerman sold 30,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the transaction, the executive vice president now directly owns 721,755 shares in the company, valued at $86,610,600. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,538 shares of company stock worth $7,049,994. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. JMP Securities lowered their price objective on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Thursday, August 22nd. Bank of America lowered their price objective on shares of Snowflake from $200.00 to $160.00 and set a “neutral” rating on the stock in a research note on Friday, August 16th. Barclays lowered their price objective on shares of Snowflake from $191.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Finally, Robert W. Baird dropped their target price on shares of Snowflake from $200.00 to $165.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.74.

Snowflake Stock Down 1.5 %

NYSE SNOW opened at $113.74 on Tuesday. The stock has a market capitalization of $38.13 billion, a PE ratio of -37.17 and a beta of 0.83. The company has a 50 day moving average price of $114.61 and a two-hundred day moving average price of $130.14. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data 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. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The business had revenue of $868.80 million during the quarter, compared to analysts’ expectations of $851.72 million. During the same period in the previous year, the company earned ($0.52) earnings per share. Snowflake’s revenue for the quarter was up 28.9% on a year-over-year basis. As a group, equities analysts anticipate that Snowflake Inc. will post -2.41 EPS for the current 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.