Teamwork Financial Advisors LLC Increases Holdings in Snowflake Inc. (NYSE:SNOW)

Teamwork Financial Advisors LLC increased its position in Snowflake Inc. (NYSE:SNOW) by 41.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,914 shares of the company’s stock after acquiring an additional 1,438 shares during the period. Teamwork Financial Advisors LLC’s holdings in Snowflake were worth $794,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Accent Capital Management LLC purchased a new position in shares of Snowflake during the 4th quarter worth approximately $25,000. Riverview Trust Co acquired a new position in shares of Snowflake in the first quarter worth $31,000. Future Financial Wealth Managment LLC acquired a new position in shares of Snowflake in the first quarter worth $32,000. FinTrust Capital Advisors LLC boosted its stake in shares of Snowflake by 193.9% during 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. Finally, M&R Capital Management Inc. increased its position in Snowflake by 100.0% during the 4th quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after purchasing an additional 100 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Snowflake from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Friday, June 21st. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Snowflake in a research note on Wednesday, June 5th. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. Canaccord Genuity Group cut their price objective on shares of Snowflake from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Friday, May 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $220.00 target price on shares of Snowflake in a report on Monday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.46.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $161.15, for a total transaction of $241,725.00. Following the sale, the executive vice president now owns 772,597 shares of the company’s stock, valued at $124,504,006.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Snowflake news, EVP Christian Kleinerman sold 1,500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $161.15, for a total value of $241,725.00. Following the sale, the executive vice president now directly owns 772,597 shares in the company, valued at $124,504,006.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Grzegorz Czajkowski sold 469,120 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $123.09, for a total transaction of $57,743,980.80. Following the completion of the sale, the executive vice president now directly owns 494,942 shares of the company’s stock, valued at $60,922,410.78. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 519,112 shares of company stock valued at $64,932,073. Company insiders own 7.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW traded up $0.94 during midday trading on Thursday, hitting $142.86. 3,290,913 shares of the stock traded hands, compared to its average volume of 8,338,478. The business’s 50 day moving average price is $145.22 and its two-hundred day moving average price is $172.05. The firm has a market capitalization of $47.83 billion, a PE ratio of -51.02 and a beta of 0.85. Snowflake Inc. has a 1-year low of $122.60 and a 1-year high of $237.72.

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

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.