Snowflake Inc. (NYSE:SNOW) Shares Sold by Oliver Lagore Vanvalin Investment Group

Oliver Lagore Vanvalin Investment Group trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 15.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,590 shares of the company’s stock after selling 654 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Snowflake were worth $714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Snowflake during the fourth quarter valued at approximately $790,000. Sequoia Financial Advisors LLC raised its stake in shares of Snowflake by 209.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 4,658 shares of the company’s stock valued at $927,000 after purchasing an additional 3,152 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Snowflake during the third quarter valued at approximately $458,000. Glynn Capital Management LLC raised its stake in shares of Snowflake by 3.1% during the third quarter. Glynn Capital Management LLC now owns 188,428 shares of the company’s stock valued at $28,786,000 after purchasing an additional 5,629 shares during the period. Finally, Raymond James & Associates raised its stake in shares of Snowflake by 55.9% during the fourth quarter. Raymond James & Associates now owns 295,486 shares of the company’s stock valued at $58,802,000 after purchasing an additional 105,937 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 2,346 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $203.28, for a total transaction of $476,894.88. Following the transaction, the executive now owns 102,007 shares in the company, valued at $20,735,982.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Snowflake news, insider Benoit Dageville sold 8,515 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the transaction, the insider now owns 55,216 shares in the company, valued at $8,627,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Christopher William Degnan sold 2,346 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $203.28, for a total value of $476,894.88. Following the completion of the sale, the executive now directly owns 102,007 shares of the company’s stock, valued at $20,735,982.96. The disclosure for this sale can be found here. Insiders have sold a total of 180,555 shares of company stock worth $36,868,487 over the last 90 days. Insiders own 8.30% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW traded down $0.45 on Thursday, reaching $148.35. The company’s stock had a trading volume of 2,568,513 shares, compared to its average volume of 6,661,805. The firm’s 50 day moving average is $181.05 and its two-hundred day moving average is $179.26. Snowflake Inc. has a twelve month low of $135.26 and a twelve month high of $237.72. The stock has a market cap of $49.58 billion, a PE ratio of -58.99 and a beta of 0.91.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. The firm had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Equities research analysts anticipate that Snowflake Inc. will post -1.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SNOW shares. KeyCorp initiated coverage on shares of Snowflake in a research note on Thursday, April 11th. They set an “overweight” rating and a $185.00 price objective on the stock. Guggenheim upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a research note on Friday, March 15th. Royal Bank of Canada dropped their price target on shares of Snowflake from $255.00 to $246.00 and set an “outperform” rating for the company in a research note on Thursday, February 29th. HSBC restated a “reduce” rating on shares of Snowflake in a research note on Thursday, February 29th. Finally, Bank of America dropped their price target on shares of Snowflake from $265.00 to $212.00 and set a “neutral” rating for the company in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.00.

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.