Ashton Thomas Private Wealth LLC Has $1.29 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Ashton Thomas Private Wealth LLC lifted its position in Snowflake Inc. (NYSE:SNOW) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,999 shares of the company’s stock after buying an additional 679 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Snowflake were worth $1,293,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Cigna Investments Inc. New grew its holdings in Snowflake by 1.6% during the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after purchasing an additional 51 shares during the last quarter. E&G Advisors LP lifted its position in shares of Snowflake by 3.0% during the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock worth $352,000 after purchasing an additional 51 shares during the last quarter. Commerce Bank boosted its position in shares of Snowflake by 0.8% in the fourth quarter. Commerce Bank now owns 6,138 shares of the company’s stock valued at $1,221,000 after acquiring an additional 51 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Snowflake by 34.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after acquiring an additional 52 shares during the period. Finally, Valley National Advisers Inc. increased its position in Snowflake by 18.1% during the fourth quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock worth $68,000 after acquiring an additional 53 shares during the period. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW traded up $2.85 during midday trading on Friday, hitting $145.71. The stock had a trading volume of 1,638,177 shares, compared to its average volume of 6,598,967. The firm has a market cap of $48.78 billion, a P/E ratio of -52.05 and a beta of 0.85. Snowflake Inc. has a fifty-two week low of $122.60 and a fifty-two week high of $237.72. The company’s 50-day simple moving average is $145.02 and its 200 day simple moving average is $171.84.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). The firm had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. Equities analysts expect that Snowflake Inc. will post -2.28 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SNOW shares. Piper Sandler reiterated an “overweight” rating and issued a $240.00 target price on shares of Snowflake in a research note on Wednesday, June 5th. JMP Securities reissued a “market outperform” rating and set a $235.00 price objective on shares of Snowflake in a report on Tuesday, June 4th. Wedbush restated a “neutral” rating and issued a $210.00 target price on shares of Snowflake in a research note on Wednesday, June 5th. Canaccord Genuity Group decreased their price target on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Snowflake from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, June 21st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $199.46.

Insider Activity at Snowflake

In other Snowflake news, CAO Emily Ho sold 6,500 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $158.36, for a total transaction of $1,029,340.00. Following the completion of the sale, the chief accounting officer now owns 36,076 shares in the company, valued at approximately $5,712,995.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Snowflake news, CAO Emily Ho sold 6,500 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $158.36, for a total transaction of $1,029,340.00. Following the transaction, the chief accounting officer now owns 36,076 shares in the company, valued at $5,712,995.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CRO Christopher William Degnan sold 12,782 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $156.56, for a total transaction of $2,001,149.92. Following the transaction, the executive now owns 354,954 shares of the company’s stock, valued at approximately $55,571,598.24. The disclosure for this sale can be found here. Insiders have sold 519,112 shares of company stock worth $64,932,073 over the last ninety days. Company insiders own 7.80% of the company’s stock.

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.