Weiss Asset Management L.P. sold off 34.2% of its stake in Snowflake INC (NYSE: SNOW), as stated in the most recent Form 13F filing with the Securities and Exchange Commission.
The company provided this information.
The organization was kind enough to supply this information.
The organization has been very kind in providing us with this information.
The institutional investor had 2,890 shares of the company’s stock on their own before the transaction during the prior quarter, which resulted in the sale of 1,500 shares.
During the period in question, the transaction in question took place.
According to the most recent filing that Weiss Asset Management L.P. had made with the SEC, the value of the company’s holdings in Snowflake at that time was $491,000.
On March 1, all of the most recent information pertaining to Snowflake’s (NYSE: SNOW) most recent quarterly earnings report was made available to the public for the first time.
This information has just recently been made available to the general public.
The business reported that its quarterly earnings per share (EPS) were $0.60, $0.12 less than the consensus estimate of earnings per share among market analysts.
This was the first time that the company had reported this particular metric.
The company reported that its earnings per share (EPS) for the quarter were $0.60, $0.12 less than the consensus estimate of earnings per share among market analysts, which was $0.488.
The company also stated that its revenue for the quarter was $0.60 million.
The return on equity for Snowflake and the company was negative, and the company’s net margin was also in the red.
The business successfully achieved a negative return on equity of -13.89% and a negative net margin of -38.57%.
The company reported that it generated $589.01 million in revenue for the quarter, significantly higher than the consensus projection of $571.57 million in revenue for the quarter, which the company announced.
Analysts who follow the equity markets anticipate that Snowflake INC will report earnings per share (EPS) of -1.63 for the current fiscal year.
The previous successes of the organization serve as the foundation for this forecast.
At the beginning of trading today on the NYSE, one share of SNOW was priced at $139.58, the opening price.
During the last year, the price of Snowflake, INC has moved between a low of 110.26 dollars and a high of 246.52 dollars, reaching an all-time high of 246.52 dollars.
Throughout that period, the company’s share price has never been lower than 110.26 dollars. Over the previous fifty trading days, the stock’s price has traded at a moving average of $149.02, while over the previous two hundred trading days, the price has traded at a moving average of $155.56.
Several other institutional investors have made adjustments to their holdings in relation to their positions in SNOW due to the changes that have been made.
These modifications were carried out after the previous modifications were made to the investors’ holdings.
PNC Financial Services Group INC increased its position in shares of Snowflake by 79.2 percent over the first three months of 2018, bringing its total holdings to a total of 1.1 million.
PNC Financial Services Group INC now has 4,293 shares of the company’s stock, currently valued at $984,000.
This is because the company has made an additional purchase of 1,897 shares during the preceding quarter.
This brings the total number of shares that the company has ownership of up to 4,293 and brings the total to a total.
MetLife Investment Management LLC acquired a new stake in Snowflake during the first three months of 2018, estimated at $2,880,000.
MetLife Investment Management LLC is the entity that contributed to this investment.
Panagora Asset Management INC increased the percentage of its Snowflake holdings by 24.8% compared to the previous quarter during the first three months of 2018.
Panagora Asset Management INC now has 2,718 shares valued at $623,000 after acquiring an additional 540 shares during the most recent quarter.
The most recent fiscal quarter was used for the purchase of these shares. Raymond James Trust N.A. contributed a total of $362,000 to purchase additional shares of Snowflake during the first three months of the year, bringing their total investment to 362,000 dollars.
Last but certainly not least, during the first three months of 2018, Cibc World Market INC increased the amount of Snowflake stock held by 37.2%.
This is not at all a point that ought to be regarded as least significant. Cibc World Market INC has 13,959 shares of the company’s stock, currently worth $3,198,000.
This comes from purchasing an additional 3,783 shares during the most recent fiscal quarter.
The company’s largest shareholder group comprises institutional investors because they own 65.31 percent of the total number of shares and therefore are the company’s largest shareholder group.
SNOW reports have been compiled due to collaboration between several distinct research firms and have subsequently been made available to the general public. Guggenheim, a brokerage firm, stated in a research report that was made public on December 2 that they are now aiming for a price of $105.00 per share for Snowflake shares.
The research report was made public by Guggenheim.
The report was made available to the public on the Guggenheim website. Rosenblatt Securities stated in a research note published on Friday, March 3, that they had decreased their price target on shares of Snowflake from $200.00 to $188.00.
The statement was made about the price target previously set at $200.00.
This information was disclosed about the company’s decision to lower its price target, discussed further below. Wells Fargo & Company published a research note on Friday, January 6, announcing that they would begin coverage on shares of Snowflake.
This news came just one day after the market opened.
The note was made available on the internet. When this information became available, the market had been open for only one day.
They believe the stock’s price will increase to $170.00 before it is finally put up for sale, and they have given the stock the rating of “overweight.”
Deutsche Bank Aktiengesellschaft disclosed on January 23, in a research note that was made public, that they have lowered their price objective on shares of Snowflake from $185.00 to $170.00.
The previous price objective was set at $185.00.
This adjustment was made in response to recent activity on the market.
According to an announcement made in a research note made public by Stifel Nicolaus on December 1 and published on December 1, the price objective that Stifel Nicolaus has set for Snowflake shares has been reduced from $180.00 to $150.00.
This news was made public by Stifel Nicolaus.
The announcement included a discussion regarding the price target for Snowflake shares. Four of the financial analysts who provide ratings for publicly traded companies have given the stock of the company a “sell” rating; ten of the financial analysts who provide ratings have given the stock a “hold” rating; and twenty-seven of the financial analysts who provide ratings for publicly traded companies have given the stock a “buy” rating.
The current consensus rating for the company is “Moderate Buy,” and the current consensus price target is $187.75, as indicated by the data retrieved from Bloomberg.com.
The following was constructed with the assistance of this information:
In related news, Director John Dennis Mcmahon recently completed a transaction on Monday, March 6, in which he sold one thousand of the company’s shares of stock.
This event was reported in the “Other Related News.” This occurrence was discussed in the article “Other Related News,” published in the local newspaper.
This event was discussed in an article titled “Other Related News,” published in the local newspaper.
The article was titled “Other Related News.” As a result of the buying and selling of the stock, a new average price of $142.65 per share was determined, bringing the transaction’s total value to $142,650.00.
The director will have a direct ownership stake in the company after the completion of the transaction, which is equivalent to 154,902 shares and will be valued at approximately $22,096,770.30 based on the price of those shares on the market at the time the transaction was completed.
A thorough and detailed explanation of the transaction, including every aspect, was included in a document submitted to the Securities and Exchange Commission. If you want to view this document, please use the hyperlink on this page: Frank Slootman, Chief Executive Officer of Snowflake, recently completed a transaction on March 9 in which he sold 1,701 shares of the company’s stock.
This is another recent development about Snowflake.
The transaction was completed.
There is a link between the aforementioned snowflake-related news and this latest development.
The sale of the shares at a weighted average price of $141.38 per share contributed significantly to the overall value of the transaction, which came to a total of $240,487.38.
This value was determined as a direct result of the transaction that took place earlier.
After the transaction went off without a hitch, the chief executive officer was presented with an additional 130,241 shares of company stock to add to the holdings he already had. When their values are added, these shares have a combined value of approximately $18,413,472.58. If you click on the link provided in the previous sentence, you will be taken to a legal filing presented to the Securities and Exchange Commission. When you get to that point, you will get more information about the transaction you are involved in. In addition, Director John Dennis Mcmahon completed a transaction on Monday, March 6, selling one thousand shares of Snowflake stock.
This took place on the previous business day.
This transaction was completed without any problems.
As a direct consequence of the sale of the shares, the transaction resulted in a total value of $142,650.00, with the price of each share averaging $142.65. Because of the transaction that took place earlier, the director is now the direct owner of 154,902 shares of the company’s stock.
These shares were acquired directly. When added together, the total cost of purchasing these shares comes to approximately $22,096,770.30. If you are looking for the disclosure associated with the purchase, you can find it in this location. Over the most recent three months, company insiders were responsible for selling 70,318 company shares with a total value of $9,856,800.
These sales took place throughout the period. Company insiders, which include employees and other company personnel, collectively hold an ownership stake in the company equal to 8.90% of its total stock.