Snowflake Inc. (NYSE:SNOW) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd lifted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 1,048.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,362 shares of the company's stock after buying an additional 4,895 shares during the period. Plato Investment Management Ltd's holdings in Snowflake were worth $615,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SNOW. Kovack Advisors Inc. lifted its holdings in Snowflake by 39.3% in the third quarter. Kovack Advisors Inc. now owns 3,194 shares of the company's stock valued at $367,000 after acquiring an additional 901 shares during the period. Oppenheimer & Co. Inc. lifted its stake in Snowflake by 59.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 34,851 shares of the company's stock valued at $4,003,000 after buying an additional 13,053 shares in the last quarter. RPG Investment Advisory LLC increased its position in shares of Snowflake by 85.0% during the third quarter. RPG Investment Advisory LLC now owns 23,749 shares of the company's stock worth $2,728,000 after purchasing an additional 10,913 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Snowflake by 49.7% in the 3rd quarter. Victory Capital Management Inc. now owns 420,088 shares of the company's stock valued at $48,251,000 after purchasing an additional 139,459 shares in the last quarter. Finally, American Assets Inc. purchased a new stake in Snowflake during the 3rd quarter valued at about $459,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 1,606 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $176,595.76. Following the sale, the director now owns 218,246 shares of the company's stock, valued at approximately $23,998,330.16. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 558 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $61,357.68. Following the sale, the executive vice president now owns 759,473 shares of the company's stock, valued at $83,511,651.08. This represents a 0.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,538 shares of company stock valued at $7,061,544 in the last quarter. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SNOW. Monness Crespi & Hardt raised shares of Snowflake from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Wednesday, November 6th. Robert W. Baird decreased their price objective on shares of Snowflake from $200.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday, August 20th. UBS Group decreased their price objective on shares of Snowflake from $155.00 to $125.00 and set a "neutral" rating for the company in a research report on Tuesday, September 24th. JMP Securities decreased their price objective on shares of Snowflake from $235.00 to $190.00 and set a "market outperform" rating for the company in a research report on Thursday, August 22nd. Finally, Wedbush raised shares of Snowflake to a "hold" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $172.09.

Snowflake Price Performance

SNOW stock traded down $3.35 during mid-day trading on Friday, reaching $125.92. 5,735,025 shares of the company's stock were exchanged, compared to its average volume of 6,476,276. The stock's 50 day moving average is $116.38 and its 200 day moving average is $128.90. The company has a market cap of $42.21 billion, a price-to-earnings ratio of -42.22 and a beta of 0.83. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

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

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.