Hoylecohen LLC Has $817,000 Stock Position in Snowflake Inc. (NYSE:SNOW)

Hoylecohen LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,107 shares of the company’s stock after purchasing an additional 451 shares during the period. Hoylecohen LLC’s holdings in Snowflake were worth $817,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Yousif Capital Management LLC raised its holdings in Snowflake by 5.7% in the 3rd quarter. Yousif Capital Management LLC now owns 2,972 shares of the company’s stock valued at $454,000 after acquiring an additional 160 shares during the period. Private Advisor Group LLC grew its stake in shares of Snowflake by 27.3% in the third quarter. Private Advisor Group LLC now owns 15,297 shares of the company’s stock valued at $2,337,000 after acquiring an additional 3,277 shares in the last quarter. Victory Capital Management Inc. increased its position in Snowflake by 3.3% during the third quarter. Victory Capital Management Inc. now owns 335,916 shares of the company’s stock worth $51,318,000 after acquiring an additional 10,592 shares during the period. Picton Mahoney Asset Management boosted its stake in shares of Snowflake by 0.9% in the third quarter. Picton Mahoney Asset Management now owns 18,981 shares of the company’s stock valued at $2,901,000 after buying an additional 162 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Snowflake by 43.2% during the third quarter. Assenagon Asset Management S.A. now owns 47,209 shares of the company’s stock worth $7,212,000 after buying an additional 14,242 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Benoit Dageville sold 8,515 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $156.25, for a total value of $1,330,468.75. Following the completion of the sale, the insider now owns 55,216 shares of the company’s stock, valued at approximately $8,627,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Snowflake news, Director Mark D. Mclaughlin acquired 3,030 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $165.45 per share, for a total transaction of $501,313.50. Following the transaction, the director now owns 11,687 shares in the company, valued at $1,933,614.15. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Benoit Dageville sold 8,515 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $156.25, for a total value of $1,330,468.75. Following the transaction, the insider now owns 55,216 shares of the company’s stock, valued at approximately $8,627,500. The disclosure for this sale can be found here. Insiders have sold a total of 62,380 shares of company stock worth $9,803,625 in the last 90 days. 8.30% of the stock is owned by company insiders.

Snowflake Price Performance

SNOW stock traded up $1.58 during midday trading on Friday, reaching $156.16. The company had a trading volume of 6,026,313 shares, compared to its average volume of 4,735,169. The firm has a 50-day moving average price of $157.03 and a 200-day moving average price of $180.17. The company has a market capitalization of $52.19 billion, a P/E ratio of -55.77 and a beta of 0.90. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million during the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 15.54% and a negative net margin of 30.80%. On average, equities analysts predict that Snowflake Inc. will post -1.83 EPS for the current year.

Analyst Ratings Changes

SNOW has been the topic of several recent analyst reports. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Monness Crespi & Hardt upgraded Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Morgan Stanley restated an “equal weight” rating and set a $175.00 price target (down from $230.00) on shares of Snowflake in a report on Thursday, February 29th. Rosenblatt Securities raised their price objective on shares of Snowflake from $185.00 to $195.00 and gave the company a “buy” rating in a report on Thursday. Finally, Canaccord Genuity Group decreased their price objective on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Friday. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.64.

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.