1,332 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,332 shares of the company’s stock, valued at approximately $215,000.

Several other large investors also recently bought and sold shares of SNOW. Cigna Investments Inc. New boosted its holdings in Snowflake by 1.6% in the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after purchasing an additional 51 shares during the last quarter. E&G Advisors LP grew its position in shares of Snowflake by 3.0% during the fourth quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock worth $352,000 after buying an additional 51 shares in the last quarter. Commerce Bank increased its stake in shares of Snowflake by 0.8% in the fourth quarter. Commerce Bank now owns 6,138 shares of the company’s stock worth $1,221,000 after buying an additional 51 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Snowflake by 34.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock valued at $40,000 after acquiring an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its stake in Snowflake by 18.1% during the 4th quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock valued at $68,000 after acquiring an additional 53 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, insider Benoit Dageville sold 558 shares of the stock in a transaction on Tuesday, June 11th. The stock was 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 owns 63,222 shares in the company, valued at approximately $8,112,014.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Snowflake news, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $156.38, for a total transaction of $234,570.00. Following the completion of the sale, the executive vice president now directly owns 774,097 shares in the company, valued at approximately $121,053,288.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Benoit Dageville sold 558 shares of Snowflake stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $128.31, for a total value of $71,596.98. Following the transaction, the insider now directly owns 63,222 shares in the company, valued at approximately $8,112,014.82. The disclosure for this sale can be found here. In the last three months, insiders sold 519,112 shares of company stock valued at $64,932,073. 7.80% of the stock is owned by insiders.

Analysts Set New Price Targets

SNOW has been the topic of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $240.00 target price on shares of Snowflake in a research note on Wednesday, June 5th. Oppenheimer reaffirmed an “outperform” rating and set a $220.00 target price on shares of Snowflake in a report on Thursday, May 23rd. Wells Fargo & Company decreased their target price on Snowflake from $225.00 to $200.00 and set an “overweight” rating for the company in a research report on Friday, June 21st. Robert W. Baird dropped their price target on Snowflake from $210.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus decreased their price objective on shares of Snowflake from $220.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $199.03.

Snowflake Price Performance

SNOW opened at $135.09 on Friday. The business has a 50 day moving average price of $145.74 and a two-hundred day moving average price of $173.23. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of -48.25 and a beta of 0.85. Snowflake Inc. has a 1-year low of $122.60 and a 1-year 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 for the quarter, missing the consensus estimate of ($0.48) by ($0.40). Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. The firm had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. Equities analysts expect that Snowflake Inc. will post -2.28 EPS for the current fiscal year.

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.