Larson Financial Group LLC Buys 212 Shares of Snowflake Inc. (NYSE:SNOW)

Larson Financial Group LLC lifted its stake in Snowflake Inc. (NYSE:SNOW) by 90.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 447 shares of the company’s stock after acquiring an additional 212 shares during the period. Larson Financial Group LLC’s holdings in Snowflake were worth $89,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ulland Investment Advisors LLC grew its position in shares of Snowflake by 270.0% in the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Provence Wealth Management Group acquired a new stake in Snowflake in the 3rd quarter valued at approximately $30,000. Whittier Trust Co. of Nevada Inc. increased its position in Snowflake by 54.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock worth $31,000 after buying an additional 72 shares during the period. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Snowflake by 89.0% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock worth $31,000 after buying an additional 97 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its position in shares of Snowflake by 100.0% in the fourth quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after acquiring an additional 100 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the completion of the sale, the executive vice president now owns 774,097 shares in the company, valued at $121,053,288.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Benoit Dageville sold 689 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $161.42, for a total value of $111,218.38. Following the completion of the transaction, the insider now owns 70,665 shares of the company’s stock, valued at approximately $11,406,744.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $156.38, for a total value of $234,570.00. Following the sale, the executive vice president now directly owns 774,097 shares in the company, valued at approximately $121,053,288.86. The disclosure for this sale can be found here. Insiders have sold 168,209 shares of company stock worth $34,291,592 in the last three months. Insiders own 8.30% of the company’s stock.

Snowflake Stock Down 1.6 %

Shares of NYSE SNOW opened at $152.50 on Friday. The firm’s 50-day moving average is $171.35 and its 200-day moving average is $178.97. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to analysts’ expectations of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. As a group, analysts predict that Snowflake Inc. will post -1.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. KeyCorp started coverage on shares of Snowflake in a research note on Thursday, April 11th. They set an “overweight” rating and a $185.00 target price for the company. Evercore ISI reduced their target price on shares of Snowflake from $250.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. UBS Group boosted their price target on Snowflake from $185.00 to $225.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Royal Bank of Canada reduced their price objective on Snowflake from $255.00 to $246.00 and set an “outperform” rating for the company in a research report on Thursday, February 29th. Finally, Monness Crespi & Hardt upgraded Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $202.00.

About Snowflake

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.