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Snowflake Inc. saw a 4.2% reduction in stake by DDD Partners LLC in the third quarter. The fund now holds 22,047 shares valued at $3,527,000. Additionally, large investors like Global Trust Asset Management LLC and Nelson Van Denburg & Campbell Wealth Management increased their holdings of Snowflake. The stock opened at $199.50 and has a 12-month low of $119.27 and a high of $202.83. On November 29th, Snowflake reported $0.25 EPS and $734.20 million revenue, surpassing analyst estimates. However, the company has a negative return on equity of 14.46% and a negative net margin of 33.35%. Analysts forecast Snowlake, Inc. to post -1.72 EPS for the current fiscal year.

SVP Christian Kleinerman sold 1,500 shares of stock valued at $236,850 as well as insider Benoit Dageville selling 13,182 shares at $163. Analysts recommend Snowflake as a “Moderate Buy” and the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.37. 63.74% of the stock is currently owned by institutional investors and hedge funds. Snowflake Inc. provides a cloud-based data platform for organizations in the United States and internationally.



Read more: Snowflake Inc. (NYSE:SNOW) Position Cut by DDD Partners LLC