John G Ullman & Associates Inc. Buys 15,900 Shares of Snowflake Inc. (NYSE:SNOW)

John G Ullman & Associates Inc. lifted its stake in Snowflake Inc. (NYSE:SNOW) by 91.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,350 shares of the company’s stock after buying an additional 15,900 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Snowflake were worth $3,831,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SNOW. LRI Investments LLC raised its stake in Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after acquiring an additional 112 shares during the period. Wellington Shields Capital Management LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in Snowflake in the 3rd quarter worth $30,000. Fortitude Family Office LLC bought a new position in Snowflake in the 3rd quarter worth $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Snowflake in the 2nd quarter worth $39,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNOW. HSBC raised Snowflake from a “reduce” rating to a “hold” rating and upped their price objective for the stock from $119.00 to $121.00 in a research note on Friday, August 23rd. Citigroup dropped their price target on Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research note on Monday. DA Davidson reaffirmed a “buy” rating and set a $175.00 price objective on shares of Snowflake in a report on Thursday, October 3rd. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Robert W. Baird cut their target price 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. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.59.

Insider Activity

In other news, Director Frank Slootman sold 1,606 shares of the company’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 value of $176,595.76. Following the completion of the sale, the director now owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Benoit Dageville sold 287 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $111.41, for a total transaction of $31,974.67. Following the completion of the transaction, the insider now directly owns 53,250 shares of the company’s stock, valued at $5,932,582.50. This trade represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,538 shares of company stock valued at $7,061,544. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Down 0.9 %

NYSE:SNOW opened at $129.12 on Thursday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The stock has a fifty day simple moving average of $117.82 and a 200-day simple moving average of $127.89.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data 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. The company had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.52) EPS. 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.