Trinity Financial Advisors LLC Invests $201,000 in Snowflake Inc. (NYSE:SNOW)

Trinity Financial Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,011 shares of the company’s stock, valued at approximately $201,000.

Other large investors have also made changes to their positions in the company. Provence Wealth Management Group bought a new position in Snowflake in the 3rd quarter valued at $30,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Snowflake by 54.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 72 shares during the period. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of Snowflake by 89.0% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 206 shares of the company’s stock valued at $31,000 after acquiring an additional 97 shares in the last quarter. M&R Capital Management Inc. grew its holdings in shares of Snowflake by 100.0% in the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock valued at $40,000 after acquiring an additional 100 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in Snowflake by 34.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of analyst reports. Monness Crespi & Hardt upgraded shares of Snowflake from a “sell” rating to a “neutral” rating in a research report on Monday, March 18th. Bank of America decreased their price target on Snowflake from $265.00 to $212.00 and set a “neutral” rating for the company in a report on Thursday, February 29th. Royal Bank of Canada cut their price objective on shares of Snowflake from $255.00 to $246.00 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Stifel Nicolaus dropped their price target on shares of Snowflake from $235.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, February 29th. Finally, Piper Sandler reissued an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $202.00.

Insider Transactions at Snowflake

In other news, insider Benoit Dageville sold 8,515 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $156.25, for a total value of $1,330,468.75. Following the completion of the sale, the insider now directly owns 55,216 shares of the company’s stock, valued at $8,627,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Snowflake news, SVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the sale, the senior vice president now owns 736,567 shares in the company, valued at approximately $162,044,740. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Benoit Dageville sold 8,515 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $156.25, for a total value of $1,330,468.75. Following the completion of the sale, the insider now owns 55,216 shares in the company, valued at $8,627,500. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 168,209 shares of company stock worth $34,291,592. Corporate insiders own 8.30% of the company’s stock.

Snowflake Trading Up 1.6 %

SNOW traded up $2.56 during midday trading on Wednesday, reaching $157.76. The company’s stock had a trading volume of 2,473,942 shares, compared to its average volume of 6,433,049. The firm has a market capitalization of $52.72 billion, a price-to-earnings ratio of -61.06 and a beta of 0.91. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72. The stock’s 50-day moving average is $167.16 and its 200-day moving average is $179.13.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. The firm had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. As a group, equities research analysts forecast that Snowflake Inc. will post -1.9 earnings per share for the current fiscal 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.