Everpar Advisors LLC Makes New $295,000 Investment in Snowflake Inc. (NYSE:SNOW)

Everpar Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,481 shares of the company’s stock, valued at approximately $295,000.

Other institutional investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. increased its holdings in shares of Snowflake by 139.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,818 shares of the company’s stock valued at $736,000 after acquiring an additional 2,809 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Snowflake by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,244 shares of the company’s stock valued at $9,051,000 after acquiring an additional 2,232 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Snowflake by 19.6% in the 3rd quarter. Mackenzie Financial Corp now owns 22,174 shares of the company’s stock valued at $3,299,000 after acquiring an additional 3,627 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of Snowflake by 2.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 51,827 shares of the company’s stock valued at $7,918,000 after acquiring an additional 1,419 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Snowflake by 25.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 160,384 shares of the company’s stock valued at $24,502,000 after acquiring an additional 32,990 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of Snowflake stock traded down $1.37 on Wednesday, hitting $157.72. The company’s stock had a trading volume of 2,624,551 shares, compared to its average volume of 6,272,443. Snowflake Inc. has a 1 year low of $138.40 and a 1 year high of $237.72. The firm has a fifty day moving average price of $160.35 and a 200-day moving average price of $179.27. The company has a market capitalization of $52.71 billion, a price-to-earnings ratio of -61.87 and a beta of 0.90.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $759.86 million. As a group, analysts forecast that Snowflake Inc. will post -1.9 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on SNOW shares. Needham & Company LLC dropped their target price on Snowflake from $265.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Citigroup dropped their target price on Snowflake from $290.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Royal Bank of Canada dropped their target price on Snowflake from $255.00 to $246.00 and set an “outperform” rating on the stock in a research note on Thursday, February 29th. Bank of America dropped their target price on Snowflake from $265.00 to $212.00 and set a “neutral” rating on the stock in a research note on Thursday, February 29th. Finally, Piper Sandler restated an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research note on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $202.77.

Insiders Place Their Bets

In other Snowflake news, CEO Frank Slootman sold 86,078 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $225.13, for a total transaction of $19,378,740.14. Following the completion of the sale, the chief executive officer now directly owns 180,143 shares in the company, valued at approximately $40,555,593.59. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, insider Benoit Dageville sold 8,515 shares of the company’s stock in a transaction that occurred on 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 directly owns 55,216 shares in the company, valued at $8,627,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frank Slootman sold 86,078 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $225.13, for a total value of $19,378,740.14. Following the completion of the sale, the chief executive officer now owns 180,143 shares of the company’s stock, valued at $40,555,593.59. The disclosure for this sale can be found here. In the last three months, insiders sold 158,458 shares of company stock worth $31,585,640. Corporate insiders own 8.30% 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.