Snowflake Inc. $SNOW is Sandbox Financial Partners LLC’s 6th Largest Position

Sandbox Financial Partners LLC lowered its stake in Snowflake Inc. (NYSE:SNOW) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,076 shares of the company’s stock after selling 2,880 shares during the period. Snowflake accounts for approximately 4.2% of Sandbox Financial Partners LLC’s holdings, making the stock its 6th biggest holding. Sandbox Financial Partners LLC’s holdings in Snowflake were worth $14,678,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SNOW. Trust Co. of Toledo NA OH bought a new stake in shares of Snowflake during the 2nd quarter valued at about $25,000. Avion Wealth lifted its holdings in Snowflake by 76.6% in the second quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares during the period. Rossby Financial LCC boosted its position in Snowflake by 4,233.3% during the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of Snowflake by 149.1% during the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after acquiring an additional 82 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after acquiring an additional 121 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Snowflake news, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $223.63, for a total transaction of $239,731.36. Following the transaction, the chief accounting officer owned 43,809 shares in the company, valued at approximately $9,797,006.67. This represents a 2.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $11,164,482.07. The trade was a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 423,681 shares of company stock valued at $98,164,051 over the last quarter. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SNOW shares. Cantor Fitzgerald lifted their price target on Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a report on Monday, November 24th. BTIG Research reiterated a “buy” rating and issued a $312.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Wells Fargo & Company lifted their price target on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $275.32.

Snowflake Trading Up 0.9%

Shares of NYSE SNOW opened at $223.99 on Friday. The firm’s 50 day moving average price is $245.91 and its 200-day moving average price is $228.29. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $76.65 billion, a PE ratio of -55.44 and a beta of 1.09.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 EPS. On average, equities research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake 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.