Snowflake Inc. (NYSE:SNOW) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC grew its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 19.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,112 shares of the company's stock after buying an additional 4,163 shares during the period. Curi RMB Capital LLC's holdings in Snowflake were worth $2,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in Snowflake by 25.0% in the 1st quarter. Covestor Ltd now owns 350 shares of the company's stock worth $57,000 after purchasing an additional 70 shares during the period. Modus Advisors LLC boosted its holdings in shares of Snowflake by 3.9% during the 3rd quarter. Modus Advisors LLC now owns 2,491 shares of the company's stock valued at $286,000 after buying an additional 94 shares in the last quarter. Catalyst Private Wealth LLC increased its stake in shares of Snowflake by 3.2% during the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company's stock valued at $382,000 after purchasing an additional 104 shares in the last quarter. Iron Gate Global Advisors LLC increased its position in Snowflake by 0.9% during the 1st quarter. Iron Gate Global Advisors LLC now owns 11,666 shares of the company's stock valued at $1,878,000 after buying an additional 105 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Snowflake by 30.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company's stock worth $72,000 after purchasing an additional 108 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 30,000 shares of the business's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $120.00, for a total transaction of $3,600,000.00. Following the completion of the transaction, the executive vice president now directly owns 721,755 shares in the company, valued at $86,610,600. The trade was a 3.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Benoit Dageville sold 1,946 shares of the company's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $222,602.94. Following the completion of the sale, the insider now directly owns 53,820 shares in the company, valued at approximately $6,156,469.80. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,538 shares of company stock worth $7,061,544. Insiders own 7.80% of the company's stock.

Snowflake Stock Down 4.3 %

NYSE:SNOW traded down $5.60 during mid-day trading on Friday, reaching $123.67. The company's stock had a trading volume of 1,695,373 shares, compared to its average volume of 6,456,531. The firm has a market capitalization of $41.45 billion, a PE ratio of -42.22 and a beta of 0.83. The stock has a fifty day moving average of $116.38 and a 200-day moving average of $128.90. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $868.80 million for the quarter, compared to the consensus estimate of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The company's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.52) EPS. On average, analysts expect that Snowflake Inc. will post -2.41 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital lowered their price objective on Snowflake from $225.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. Bank of America dropped their target price on shares of Snowflake from $200.00 to $160.00 and set a "neutral" rating on the stock in a report on Friday, August 16th. Wells Fargo & Company dropped their price target on Snowflake from $130.00 to $125.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 22nd. Jefferies Financial Group reduced their price objective on Snowflake from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Thursday, August 22nd. Finally, Monness Crespi & Hardt raised Snowflake from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $172.09.

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.