CANADA LIFE ASSURANCE Co Has $28.79 Million Holdings in Snowflake Inc. (NYSE:SNOW)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 3.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 178,092 shares of the company’s stock after selling 7,166 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.05% of Snowflake worth $28,793,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new stake in shares of Snowflake in the 4th quarter valued at about $25,000. Riverview Trust Co acquired a new stake in shares of Snowflake in the 1st quarter valued at about $31,000. Hartford Financial Management Inc. acquired a new stake in shares of Snowflake in the 1st quarter valued at about $32,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Snowflake in the first quarter valued at about $32,000. Finally, FinTrust Capital Advisors LLC increased its position in shares of Snowflake by 193.9% in the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock valued at $39,000 after acquiring an additional 128 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $129.53 on Friday. The stock has a market capitalization of $43.37 billion, a price-to-earnings ratio of -46.26 and a beta of 0.85. Snowflake Inc. has a 52 week low of $122.60 and a 52 week high of $237.72. The stock has a fifty day moving average of $137.61 and a 200-day moving average of $165.55.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.40). The company had revenue of $828.71 million for the quarter, compared to the consensus estimate of $786.95 million. Snowflake had a negative return on equity of 15.99% and a negative net margin of 30.80%. As a group, equities analysts forecast that Snowflake Inc. will post -2.28 EPS for the current year.

Insider Buying and Selling

In related news, EVP Grzegorz Czajkowski sold 469,120 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the transaction, the executive vice president now directly owns 494,942 shares of the company’s stock, valued at approximately $60,922,410.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Grzegorz Czajkowski sold 469,120 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the transaction, the executive vice president now directly owns 494,942 shares of the company’s stock, valued at approximately $60,922,410.78. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $156.56, for a total value of $2,001,149.92. Following the sale, the executive now owns 354,954 shares of the company’s stock, valued at $55,571,598.24. The disclosure for this sale can be found here. Insiders sold a total of 533,460 shares of company stock valued at $66,963,450 in the last three months. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Snowflake from $220.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. StockNews.com downgraded Snowflake from a “hold” rating to a “sell” rating in a research report on Friday, May 24th. Piper Sandler lowered their target price on Snowflake from $240.00 to $165.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Macquarie lowered their target price on Snowflake from $205.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 24th. Finally, Wedbush reiterated a “neutral” rating and set a $210.00 price target on shares of Snowflake in a report on Wednesday, June 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $197.31.

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.