4,000 Shares in Snowflake Inc. (NYSE:SNOW) Bought by American Assets Inc.

American Assets Inc. acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,000 shares of the company’s stock, valued at approximately $459,000. Snowflake comprises 0.2% of American Assets Inc.’s investment portfolio, making the stock its 15th biggest position.

Several other large investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its stake in Snowflake by 25.0% in the first quarter. Covestor Ltd now owns 350 shares of the company’s stock valued at $57,000 after buying an additional 70 shares during the last quarter. Modus Advisors LLC lifted its stake in Snowflake by 3.9% in the third quarter. Modus Advisors LLC now owns 2,491 shares of the company’s stock valued at $286,000 after buying an additional 94 shares during the last quarter. Catalyst Private Wealth LLC lifted its stake in Snowflake by 3.2% in the third quarter. Catalyst Private Wealth LLC now owns 3,329 shares of the company’s stock valued at $382,000 after buying an additional 104 shares during the last quarter. Iron Gate Global Advisors LLC lifted its stake in Snowflake by 0.9% in the first quarter. Iron Gate Global Advisors LLC now owns 11,666 shares of the company’s stock valued at $1,878,000 after buying an additional 105 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Snowflake by 30.3% in the first quarter. EverSource Wealth Advisors LLC now owns 465 shares of the company’s stock valued at $72,000 after buying an additional 108 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares in the company, valued at approximately $85,354,801.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Snowflake news, insider Benoit Dageville sold 287 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now owns 53,250 shares of the company’s stock, valued at $5,932,582.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,538 shares of company stock worth $7,061,544 over the last ninety days. 7.80% of the stock is currently owned by insiders.

Snowflake Stock Performance

Shares of NYSE SNOW traded up $2.12 during mid-day trading on Tuesday, reaching $125.62. The company had a trading volume of 1,040,938 shares, compared to its average volume of 6,442,804. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The stock’s 50 day moving average is $115.33 and its 200-day moving average is $129.12. The stock has a market capitalization of $42.11 billion, a PE ratio of -40.35 and a beta of 0.83.

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNOW. JMP Securities cut their target price on Snowflake from $235.00 to $190.00 and set a “market outperform” rating on the stock in a research note on Thursday, August 22nd. HSBC raised Snowflake from a “reduce” rating to a “hold” rating and raised their price target for the company from $119.00 to $121.00 in a report on Friday, August 23rd. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price target on shares of Snowflake in a report on Wednesday, October 2nd. TD Cowen lowered their price target on Snowflake from $230.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 19th. Finally, KeyCorp lowered their price target on Snowflake from $168.00 to $150.00 and set an “overweight” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $172.09.

About Snowflake

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.