15,383 Shares in Snowflake Inc. (NYSE:SNOW) Purchased by Ayalon Insurance Comp Ltd.

Ayalon Insurance Comp Ltd. purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,383 shares of the company’s stock, valued at approximately $2,486,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Arkfeld Wealth Strategies L.L.C. raised its holdings in shares of Snowflake by 40.2% in the 1st quarter. Arkfeld Wealth Strategies L.L.C. now owns 5,263 shares of the company’s stock valued at $805,000 after purchasing an additional 1,510 shares during the period. Riverview Trust Co bought a new stake in Snowflake in the first quarter valued at approximately $31,000. Wealth Management Partners LLC lifted its position in shares of Snowflake by 16.9% in the first quarter. Wealth Management Partners LLC now owns 8,634 shares of the company’s stock valued at $1,395,000 after buying an additional 1,248 shares during the last quarter. Ignite Planners LLC boosted its stake in shares of Snowflake by 6.7% during the 1st quarter. Ignite Planners LLC now owns 1,616 shares of the company’s stock worth $259,000 after acquiring an additional 101 shares during the period. Finally, Anderson Hoagland & Co. increased its holdings in shares of Snowflake by 47.2% during the 1st quarter. Anderson Hoagland & Co. now owns 18,583 shares of the company’s stock worth $2,843,000 after acquiring an additional 5,957 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Snowflake news, Director Michael L. Speiser acquired 76,200 shares of the stock in a transaction dated Friday, June 7th. The stock was purchased at an average cost of $131.09 per share, with a total value of $9,989,058.00. Following the transaction, the director now owns 1,632,225 shares in the company, valued at approximately $213,968,375.25. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other Snowflake news, Director Frank Slootman sold 3,455 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $126.08, for a total value of $435,606.40. Following the completion of the sale, the director now directly owns 221,016 shares in the company, valued at $27,865,697.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser acquired 76,200 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $131.09 per share, for a total transaction of $9,989,058.00. Following the acquisition, the director now directly owns 1,632,225 shares of the company’s stock, valued at approximately $213,968,375.25. The disclosure for this purchase can be found here. In the last three months, insiders have sold 46,147 shares of company stock valued at $6,686,742. 7.80% of the stock is currently owned by insiders.

Snowflake Trading Up 4.0 %

NYSE:SNOW traded up $4.93 during trading hours on Wednesday, hitting $129.14. 10,865,822 shares of the company were exchanged, compared to its average volume of 6,611,129. The company has a fifty day simple moving average of $146.63 and a 200 day simple moving average of $174.37. Snowflake Inc. has a one year low of $122.60 and a one year high of $237.72. The stock has a market capitalization of $43.24 billion, a price-to-earnings ratio of -44.71 and a beta of 0.85.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.40). The company had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. Equities research analysts predict that Snowflake Inc. will post -2.28 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNOW has been the subject of several research reports. Scotiabank cut their price target on Snowflake from $207.00 to $195.00 and set a “sector outperform” rating for the company in a report on Thursday, May 23rd. Canaccord Genuity Group decreased their price target on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. Needham & Company LLC restated a “buy” rating and set a $210.00 price objective on shares of Snowflake in a report on Wednesday, June 5th. Wedbush reissued a “neutral” rating and set a $210.00 price target on shares of Snowflake in a report on Wednesday, June 5th. Finally, Loop Capital lowered their price objective on Snowflake from $235.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $198.64.

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.