Comerica Financial institution Boosts Stake in Snowflake Inc. (NYSE:SNOW)

Comerica Financial institution raised its stake in shares of Snowflake Inc. (NYSE:SNOWGet Score) by 272.3% through the third quarter, in keeping with the corporate in its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The agency owned 7,702 shares of the corporate’s inventory after buying an extra 5,633 shares through the interval. Comerica Financial institution’s holdings in Snowflake have been value $1,346,000 as of its most up-to-date submitting with the Securities and Change Fee (SEC).

Different hedge funds and different institutional traders have additionally added to or decreased their stakes within the firm. Nelson Van Denburg & Campbell Wealth Administration Group LLC raised its place in Snowflake by 333.3% through the first quarter. Nelson Van Denburg & Campbell Wealth Administration Group LLC now owns 130 shares of the corporate’s inventory valued at $29,000 after buying an extra 100 shares through the interval. Ronald Blue Belief Inc. bought a brand new stake in Snowflake through the second quarter valued at roughly $32,000. Geneos Wealth Administration Inc. raised its holdings in shares of Snowflake by 822.2% within the first quarter. Geneos Wealth Administration Inc. now owns 166 shares of the corporate’s inventory value $38,000 after shopping for an extra 148 shares through the interval. Patriot Monetary Group Insurance coverage Company LLC raised its holdings in shares of Snowflake by 1,800.0% within the second quarter. Patriot Monetary Group Insurance coverage Company LLC now owns 190 shares of the corporate’s inventory value $26,000 after shopping for an extra 180 shares through the interval. Lastly, Bogart Wealth LLC raised its holdings in shares of Snowflake by 6,433.3% within the second quarter. Bogart Wealth LLC now owns 196 shares of the corporate’s inventory value $27,000 after shopping for an extra 193 shares through the interval. 65.31% of the inventory is presently owned by hedge funds and different institutional traders.

Insider Shopping for and Promoting

In different Snowflake information, insider Benoit Dageville bought 724 shares of Snowflake inventory in a transaction dated Friday, December ninth. The inventory was bought at a mean worth of $142.59, for a complete transaction of $103,235.16. Following the completion of the transaction, the insider now owns 14,404 shares within the firm, valued at roughly $2,053,866.36. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. In different Snowflake information, CFO Michael Scarpelli bought 200,000 shares of Snowflake inventory in a transaction dated Tuesday, December thirteenth. The inventory was bought at a mean worth of $151.76, for a complete transaction of $30,352,000.00. Following the completion of the transaction, the chief monetary officer now owns 101,097 shares within the firm, valued at roughly $15,342,480.72. The transaction was disclosed in a doc filed with the Securities & Change Fee, which is accessible by way of this hyperlink. Additionally, insider Benoit Dageville bought 724 shares of Snowflake inventory in a transaction dated Friday, December ninth. The shares have been bought at a mean worth of $142.59, for a complete worth of $103,235.16. Following the transaction, the insider now owns 14,404 shares of the corporate’s inventory, valued at roughly $2,053,866.36. The disclosure for this sale could be discovered right here. Insiders bought 202,035 shares of firm inventory value $30,642,171 within the final 90 days. Insiders personal 8.90% of the corporate’s inventory.

Snowflake Value Efficiency

Shares of SNOW inventory opened at $144.82 on Monday. The agency has a market capitalization of $46.57 billion, a price-to-earnings ratio of -63.24 and a beta of 0.72. The enterprise has a fifty day transferring common of $142.22 and a 200 day transferring common of $156.80. Snowflake Inc. has a 1 12 months low of $110.26 and a 1 12 months excessive of $329.49.

Snowflake (NYSE:SNOWGet Score) final issued its earnings outcomes on Wednesday, November thirtieth. The corporate reported ($0.60) earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of ($0.46) by ($0.14). The agency had income of $557.03 million through the quarter, in comparison with analysts’ expectations of $535.81 million. Snowflake had a unfavourable return on fairness of 12.98% and a unfavourable internet margin of 38.79%. As a bunch, equities analysis analysts anticipate that Snowflake Inc. will publish -2.08 earnings per share for the present 12 months.

Analyst Rankings Modifications

A number of equities analysis analysts have just lately weighed in on SNOW shares. Mizuho decreased their worth goal on Snowflake from $225.00 to $185.00 and set a “purchase” ranking on the inventory in a report on Tuesday, November eighth. Macquarie began protection on Snowflake in a report on Wednesday, November 2nd. They issued a “impartial” ranking and a $173.00 worth goal on the inventory. Oppenheimer decreased their worth goal on Snowflake from $230.00 to $190.00 in a report on Thursday, December 1st. Credit score Suisse Group decreased their worth goal on Snowflake from $250.00 to $200.00 and set an “outperform” ranking on the inventory in a report on Monday, December fifth. Lastly, Deutsche Financial institution Aktiengesellschaft dropped their worth goal on Snowflake from $190.00 to $185.00 in a analysis be aware on Thursday, December 1st. 4 funding analysts have rated the inventory with a promote ranking, ten have issued a maintain ranking and twenty-six have given a purchase ranking to the corporate’s inventory. Primarily based on information from MarketBeat.com, the inventory presently has a consensus ranking of “Reasonable Purchase” and a consensus goal worth of $188.67.

Snowflake Profile

(Get Score)

Snowflake Inc supplies a cloud-based information platform in the USA and internationally. The corporate’s platform presents Knowledge Cloud, which permits clients to consolidate information right into a single supply of reality to drive significant enterprise insights, construct data-driven purposes, and share information. Its platform is utilized by varied organizations of sizes in a spread of industries.

See Additionally

Wish to see what different hedge funds are holding SNOW? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOWGet Score).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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