International Assets Investment Management LLC Has $336,000 Position in Snowflake Inc. (NYSE:SNOW)

Posted by Defense World Staff on Jul 4th, 2023

International Assets Investment Management LLC lowered its position in Snowflake Inc. (NYSE:SNOW – Free Report) by 45.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,176 shares of the company’s stock after selling 1,809 shares during the quarter. International Assets Investment Management LLC’s holdings in Snowflake were worth $336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of SNOW. Metis Global Partners LLC lifted its stake in shares of Snowflake by 106.7% in the fourth quarter. Metis Global Partners LLC now owns 2,776 shares of the company’s stock worth $398,000 after acquiring an additional 1,433 shares during the period. Belpointe Asset Management LLC raised its stake in Snowflake by 7.8% during the fourth quarter. Belpointe Asset Management LLC now owns 2,159 shares of the company’s stock worth $296,000 after buying an additional 156 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Snowflake by 166.8% during the fourth quarter. Kistler Tiffany Companies LLC now owns 1,905 shares of the company’s stock worth $273,000 after buying an additional 1,191 shares during the last quarter. Mayflower Financial Advisors LLC bought a new position in Snowflake during the first quarter worth $207,000. Finally, First Trust Advisors LP raised its stake in Snowflake by 3.6% during the fourth quarter. First Trust Advisors LP now owns 1,060,292 shares of the company’s stock worth $152,170,000 after buying an additional 36,913 shares during the last quarter. Institutional investors own 63.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SNOW shares. JMP Securities decreased their target price on Snowflake from $215.00 to $200.00 in a research note on Thursday, May 25th. 888 reaffirmed a “maintains” rating on shares of Snowflake in a research note on Wednesday, June 28th. Mizuho increased their target price on shares of Snowflake from $175.00 to $190.00 in a research note on Wednesday, June 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Snowflake from $170.00 to $185.00 in a research note on Monday, June 26th. Finally, Sanford C. Bernstein cut their target price on shares of Snowflake from $157.00 to $148.00 in a research note on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $188.80.

Insider Transactions at Snowflake

In related news, CFO Michael Scarpelli sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $180.50, for a total transaction of $36,100,000.00. Following the sale, the chief financial officer now directly owns 142,546 shares in the company, valued at approximately $25,729,553. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Benoit Dageville sold 558 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $174.31, for a total transaction of $97,264.98. Following the sale, the insider now directly owns 41,955 shares in the company, valued at approximately $7,313,176.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Scarpelli sold 200,000 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of $180.50, for a total value of $36,100,000.00. Following the sale, the chief financial officer now owns 142,546 shares in the company, valued at $25,729,553. The disclosure for this sale can be found here. Insiders sold 607,673 shares of company stock worth $107,165,591 over the last quarter. Corporate insiders own 8.30% of the company’s stock.

Snowflake Trading Up 0.6 %

Shares of NYSE SNOW opened at $177.05 on Tuesday. The firm has a market cap of $57.70 billion, a price-to-earnings ratio of -66.31 and a beta of 0.75. The stock has a fifty day simple moving average of $168.33 and a two-hundred day simple moving average of $153.61. Snowflake Inc. has a 1-year low of $119.27 and a 1-year high of $205.66.

Snowflake (NYSE:SNOW – Free Report) last posted its quarterly earnings results on Wednesday, May 24th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.42) by ($0.24). Snowflake had a negative return on equity of 14.81% and a negative net margin of 37.78%. The firm had revenue of $623.60 million for the quarter, compared to the consensus estimate of $607.57 million. Analysts forecast that Snowflake Inc. will post -1.48 EPS for the current year.

Snowflake Company Profile

(Free Report)

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.

International Assets Investment Management LLC Has $336,000 Position in Snowflake Inc. (NYSE:SNOW)

Analyst Upgrades and Downgrades

Insider Transactions at Snowflake

Snowflake Trading Up 0.6 %

Snowflake Company Profile

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