Bokf Na Buys 7,438 Shares of Snowflake Inc. (NYSE:SNOW)

Bokf Na raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 1,424.9% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,960 shares of the company’s stock after purchasing an additional 7,438 shares during the period. Bokf Na’s holdings in Snowflake were worth $1,278,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Accent Capital Management LLC bought a new stake in Snowflake during the fourth quarter valued at about $25,000. LRI Investments LLC bought a new stake in Snowflake during the first quarter valued at about $29,000. Riverview Trust Co bought a new position in shares of Snowflake in the first quarter worth about $31,000. Hartford Financial Management Inc. bought a new position in shares of Snowflake in the first quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Snowflake in the first quarter worth about $32,000. Institutional investors own 65.10% of the company’s stock.

Insider Activity

In other news, EVP Christian Kleinerman sold 546 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $129.32, for a total value of $70,608.72. Following the sale, the executive vice president now directly owns 756,489 shares in the company, valued at $97,829,157.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Benoit Dageville sold 558 shares of Snowflake stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $128.31, for a total transaction of $71,596.98. Following the completion of the sale, the insider now directly owns 63,222 shares in the company, valued at approximately $8,112,014.82. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 546 shares of Snowflake stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $129.32, for a total transaction of $70,608.72. Following the sale, the executive vice president now owns 756,489 shares of the company’s stock, valued at $97,829,157.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 533,460 shares of company stock worth $66,963,450. Corporate insiders own 7.80% of the company’s stock.

Snowflake Stock Up 0.3 %

NYSE:SNOW traded up $0.43 during trading hours on Monday, reaching $129.43. 362,837 shares of the stock were exchanged, compared to its average volume of 6,423,525. The business has a 50-day moving average of $136.95 and a two-hundred day moving average of $164.63. Snowflake Inc. has a twelve month low of $122.60 and a twelve month high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.40). The company had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. Research analysts anticipate that Snowflake Inc. will post -2.28 EPS for the current year.

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $220.00 price objective on shares of Snowflake in a research note on Thursday, May 23rd. Bank of America reissued a “neutral” rating and issued a $200.00 price objective on shares of Snowflake in a research note on Wednesday, June 12th. Sanford C. Bernstein increased their price objective on Snowflake from $171.00 to $185.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Wedbush reissued a “neutral” rating and issued a $210.00 price objective on shares of Snowflake in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada lowered their price objective on Snowflake from $226.00 to $183.00 and set an “outperform” rating for the company in a research report on Wednesday, June 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and twenty-five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $197.31.

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.