Congress Park Capital LLC Has $1.20 Million Holdings in Snowflake Inc. (NYSE:SNOW)

Congress Park Capital LLC lessened its position in shares of Snowflake Inc. (NYSE:SNOW) by 29.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,415 shares of the company’s stock after selling 4,314 shares during the quarter. Congress Park Capital LLC’s holdings in Snowflake were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of Snowflake during the 4th quarter worth approximately $25,000. LRI Investments LLC bought a new position in shares of Snowflake during the 1st quarter worth approximately $29,000. Riverview Trust Co bought a new position in shares of Snowflake during the 1st quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new position in shares of Snowflake during the 1st quarter worth approximately $32,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Snowflake during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on SNOW shares. Bank of America lowered their target price on Snowflake from $200.00 to $160.00 and set a “neutral” rating for the company in a research note on Friday, August 16th. Wedbush lowered their target price on Snowflake from $210.00 to $140.00 and set a “neutral” rating for the company in a research note on Thursday, August 22nd. Barclays decreased their price objective on Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a research note on Monday, August 19th. Scotiabank decreased their price objective on Snowflake from $195.00 to $165.00 and set a “sector outperform” rating for the company in a research note on Thursday, August 22nd. Finally, Needham & Company LLC decreased their price objective on Snowflake from $210.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $174.74.

Insider Activity

In related news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the sale, the executive vice president now owns 718,773 shares of the company’s stock, valued at $86,252,760. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the executive vice president now directly owns 718,773 shares in the company, valued at $86,252,760. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 1,606 shares of the firm’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 $176,595.76. Following the completion of the sale, the director now directly owns 218,246 shares in the company, valued at approximately $23,998,330.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,538 shares of company stock valued at $3,449,994. 7.80% of the stock is owned by insiders.

Snowflake Trading Up 2.4 %

NYSE:SNOW traded up $3.00 on Friday, hitting $126.79. The company’s stock had a trading volume of 3,412,864 shares, compared to its average volume of 6,705,772. The stock has a fifty day moving average of $116.27 and a two-hundred day moving average of $134.93. The firm has a market capitalization of $42.50 billion, a P/E ratio of -40.43 and a beta of 0.83. Snowflake Inc. has a one year low of $107.13 and a one year high of $237.72.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $868.80 million for 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 business’s revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.41 EPS for the current year.

Snowflake Company 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.