Capital Advisors Inc. OK Makes New $28.80 Million Investment in Snowflake Inc. $SNOW

Capital Advisors Inc. OK bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the fourth quarter, Holdings Channel reports. The fund bought 131,269 shares of the company’s stock, valued at approximately $28,795,000.

Several other large investors have also modified their holdings of the business. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake during the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its stake in Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. GoalVest Advisory LLC lifted its holdings in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in Snowflake during the third quarter worth $34,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 2.2%

SNOW stock opened at $150.24 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The stock has a market capitalization of $51.94 billion, a PE ratio of -38.04 and a beta of 1.16. The firm has a 50 day moving average of $177.16 and a 200 day moving average of $216.08.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.30 EPS. Sell-side analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Activity at Snowflake

In other Snowflake news, CAO Emily Ho sold 2,141 shares of Snowflake stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the sale, the chief accounting officer owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. The trade was a 4.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president owned 533,494 shares in the company, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 600,437 shares of company stock valued at $114,140,083 over the last three months. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of analyst reports. Citigroup cut their price target on Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Macquarie Infrastructure upped their price objective on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Barclays dropped their price objective on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Monness Crespi & Hardt lifted their target price on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Needham & Company LLC reduced their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $249.62.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Internal CRO appointment signals continuity — Snowflake named long?time veteran Jonathan Beaulier as Chief Revenue Officer, which may reassure investors about go?to?market continuity and execution. Read More.
• Positive Sentiment: Marketplace distribution deal — Morningstar expanded its investment data on Snowflake Marketplace, a partnership that can increase marketplace usage and sticky, data?consumption revenue. Read More.
• Positive Sentiment: Long?term AI narrative remains supportive — Coverage highlights Snowflake’s Cortex AI suite as a potential high?margin growth driver by turning the platform into the place enterprises build and run AI, which could boost compute consumption over time.
• Neutral Sentiment: Analyst sentiment is generally constructive — Media pieces noting an average “Buy” recommendation may support sentiment, but they are commentary rather than new catalysts. Read More.
• Negative Sentiment: Multiple class?action suits and law?firm solicitations — Several firms (Pomerantz, Rosen, Bernstein Liebhard, Bronstein, Levi & Korsinsky, etc.) have filed suits or issued investor alerts alleging disclosure problems tied to a prior period; April 27 is a key lead?plaintiff deadline. This legal overhang is a clear near?term negative for sentiment and could increase volatility and potential liability. Read More.
• Negative Sentiment: Unexpected CRO turnover created uncertainty — Mike Gannon’s departure after only a year prompted investor concern over sales leadership stability, which likely pressured the stock. Read More.
• Negative Sentiment: Talent drain signal — A former Snowflake sales leader was hired as CRO at AtScale, a move that could be interpreted as marginal talent leakage. Read More.

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.