Snowflake Inc. (NYSE:SNOW) Shares Bought by Personal CFO Solutions LLC

Personal CFO Solutions LLC boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,397 shares of the company’s stock after buying an additional 99 shares during the period. Personal CFO Solutions LLC’s holdings in Snowflake were worth $246,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Cigna Investments Inc. New increased its holdings in shares of Snowflake by 1.9% in the second quarter. Cigna Investments Inc. New now owns 3,244 shares of the company’s stock valued at $571,000 after purchasing an additional 61 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Snowflake by 0.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,232 shares of the company’s stock valued at $2,505,000 after purchasing an additional 63 shares during the period. Verus Capital Partners LLC increased its holdings in shares of Snowflake by 1.7% in the first quarter. Verus Capital Partners LLC now owns 3,803 shares of the company’s stock valued at $587,000 after purchasing an additional 64 shares during the period. Main Street Financial Solutions LLC increased its holdings in shares of Snowflake by 2.9% in the second quarter. Main Street Financial Solutions LLC now owns 2,484 shares of the company’s stock valued at $437,000 after purchasing an additional 71 shares during the period. Finally, Edge Capital Group LLC increased its holdings in shares of Snowflake by 1.5% in the second quarter. Edge Capital Group LLC now owns 5,098 shares of the company’s stock valued at $897,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 63.74% of the company’s stock.

Snowflake Trading Up 3.1 %

Snowflake stock opened at $166.85 on Tuesday. The firm has a market capitalization of $55.01 billion, a P/E ratio of -62.73 and a beta of 0.77. The stock has a fifty day moving average price of $154.74 and a 200 day moving average price of $163.47. Snowflake Inc. has a 52 week low of $119.27 and a 52 week high of $193.94.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, August 23rd. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.10 by $0.12. The firm had revenue of $674.00 million during the quarter, compared to analyst estimates of $662.22 million. Snowflake had a negative return on equity of 14.07% and a negative net margin of 35.22%. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.67) earnings per share. As a group, equities analysts predict that Snowflake Inc. will post -1.62 EPS for the current year.

Insiders Place Their Bets

In other Snowflake news, insider Benoit Dageville sold 13,740 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $166.27, for a total transaction of $2,284,549.80. Following the completion of the sale, the insider now directly owns 40,847 shares in the company, valued at $6,791,630.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Snowflake news, insider Benoit Dageville sold 13,740 shares of the company’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $166.27, for a total transaction of $2,284,549.80. Following the completion of the sale, the insider now directly owns 40,847 shares in the company, valued at $6,791,630.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frank Slootman sold 4,308 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $145.67, for a total value of $627,546.36. Following the sale, the chief executive officer now owns 182,913 shares of the company’s stock, valued at $26,644,936.71. The disclosure for this sale can be found here. Insiders sold 92,446 shares of company stock worth $14,733,361 over the last three months. 8.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent research reports. Citigroup boosted their target price on Snowflake from $189.00 to $191.00 and gave the company a “buy” rating in a report on Monday, August 21st. Raymond James dropped their price objective on Snowflake from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, August 24th. Barclays dropped their price objective on Snowflake from $190.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, August 24th. Wells Fargo & Company upped their price objective on Snowflake from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 24th. Finally, Mizuho reaffirmed a “buy” rating and set a $180.00 price objective on shares of Snowflake in a report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $189.52.

About Snowflake

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.