SYM FINANCIAL Corp Acquires Shares of 1,810 Snowflake Inc. (NYSE:SNOW)

SYM FINANCIAL Corp acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,810 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNOW. AGF Management Ltd. bought a new position in shares of Snowflake during the fourth quarter valued at approximately $382,000. Dimensional Fund Advisors LP grew its holdings in shares of Snowflake by 5.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 199,474 shares of the company’s stock valued at $39,697,000 after purchasing an additional 10,575 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Snowflake by 17.5% during the fourth quarter. Principal Financial Group Inc. now owns 97,788 shares of the company’s stock valued at $19,460,000 after purchasing an additional 14,542 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Snowflake by 26.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,722 shares of the company’s stock valued at $940,000 after purchasing an additional 986 shares during the last quarter. Finally, Moran Wealth Management LLC bought a new position in shares of Snowflake during the fourth quarter valued at approximately $241,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

SNOW opened at $112.99 on Friday. The stock has a fifty day moving average of $124.07 and a 200-day moving average of $143.55. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Snowflake had a negative return on equity of 19.62% and a negative net margin of 31.73%. The company had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. During the same quarter in the prior year, the company earned ($0.52) earnings per share. The company’s revenue for the quarter was up 28.9% on a year-over-year basis. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNOW. Wedbush lowered their target price on Snowflake from $210.00 to $140.00 and set a “neutral” rating for the company in a report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price objective on Snowflake from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Royal Bank of Canada decreased their price objective on Snowflake from $226.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Barclays decreased their price objective on Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, Oppenheimer reissued an “outperform” rating and issued a $220.00 price objective on shares of Snowflake in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.03.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares of the company’s stock, valued at $83,511,651.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total value of $61,357.68. Following the transaction, the executive vice president now directly owns 759,473 shares of the company’s stock, valued at $83,511,651.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Grzegorz Czajkowski sold 469,120 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the transaction, the executive vice president now directly owns 494,942 shares in the company, valued at $60,922,410.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 512,262 shares of company stock valued at $63,340,261. 7.80% of the stock is owned by insiders.

Snowflake Profile

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.