UMB Bank N A MO purchased a new position in shares of Snowflake Inc. (NYSE:SNOW – Get Rating) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 176 shares of the company’s stock, valued at approximately $60,000.
Several other hedge funds also recently modified their holdings of the company. Titus Wealth Management lifted its position in shares of Snowflake by 2.6% during the third quarter. Titus Wealth Management now owns 977 shares of the company’s stock worth $298,000 after purchasing an additional 25 shares during the last quarter. PrairieView Partners LLC lifted its holdings in Snowflake by 66.7% in the fourth quarter. PrairieView Partners LLC now owns 100 shares of the company’s stock worth $34,000 after acquiring an additional 40 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in Snowflake by 20.8% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 290 shares of the company’s stock worth $98,000 after acquiring an additional 50 shares during the last quarter. JJJ Advisors Inc. lifted its holdings in Snowflake by 29.1% in the fourth quarter. JJJ Advisors Inc. now owns 244 shares of the company’s stock worth $83,000 after acquiring an additional 55 shares during the last quarter. Finally, BerganKDV Wealth Management LLC lifted its holdings in Snowflake by 123.4% in the fourth quarter. BerganKDV Wealth Management LLC now owns 105 shares of the company’s stock worth $36,000 after acquiring an additional 58 shares during the last quarter. 76.67% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Sumitomo Mitsui Financial Group assumed coverage on shares of Snowflake in a report on Friday, April 1st. They issued a “neutral” rating and a $253.00 target price on the stock. Barclays dropped their price target on shares of Snowflake from $367.00 to $313.00 and set an “overweight” rating on the stock in a research note on Thursday, March 3rd. Wolfe Research assumed coverage on shares of Snowflake in a research note on Monday, April 25th. They issued an “outperform” rating and a $250.00 price target on the stock. Citigroup dropped their price target on shares of Snowflake from $370.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, March 3rd. Finally, Zacks Investment Research upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $199.00 price target on the stock in a research note on Wednesday, May 4th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Buy” and a consensus price target of $303.89.
Shares of NYSE:SNOW opened at $158.36 on Friday. The stock has a market capitalization of $49.82 billion, a price-to-earnings ratio of -69.46 and a beta of 1.80. Snowflake Inc. has a 1-year low of $126.01 and a 1-year high of $405.00. The company has a 50 day moving average price of $195.66 and a 200 day moving average price of $276.08.
Snowflake (NYSE:SNOW – Get Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.06. Snowflake had a negative net margin of 55.76% and a negative return on equity of 13.45%. The firm had revenue of $383.77 million during the quarter, compared to analyst estimates of $371.89 million. During the same quarter last year, the business posted ($0.70) EPS. As a group, research analysts predict that Snowflake Inc. will post -1.6 earnings per share for the current fiscal year.
Snowflake Company Profile (Get Rating)
Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.
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