Roberts Wealth Advisors LLC Makes New Investment in Snowflake Inc. (NYSE:SNOW)

Roberts Wealth Advisors LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,500 shares of the company’s stock, valued at approximately $380,000.

Other large investors have also recently added to or reduced their stakes in the company. Accent Capital Management LLC bought a new stake in Snowflake during the fourth quarter worth approximately $25,000. Riverview Trust Co bought a new stake in Snowflake during the first quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in Snowflake during the first quarter worth approximately $32,000. FinTrust Capital Advisors LLC boosted its position in Snowflake by 193.9% during the fourth quarter. FinTrust Capital Advisors LLC now owns 194 shares of the company’s stock worth $39,000 after purchasing an additional 128 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in shares of Snowflake by 100.0% during the fourth quarter. M&R Capital Management Inc. now owns 200 shares of the company’s stock worth $40,000 after buying an additional 100 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser purchased 76,200 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $131.09 per share, with a total value of $9,989,058.00. Following the completion of the transaction, the director now directly owns 1,632,225 shares in the company, valued at approximately $213,968,375.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Snowflake news, Director Michael L. Speiser purchased 76,200 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were bought at an average price of $131.09 per share, with a total value of $9,989,058.00. Following the completion of the transaction, the director now directly owns 1,632,225 shares in the company, valued at approximately $213,968,375.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Emily Ho sold 3,845 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $130.39, for a total value of $501,349.55. Following the sale, the chief accounting officer now directly owns 30,613 shares in the company, valued at approximately $3,991,629.07. The disclosure for this sale can be found here. Insiders have sold a total of 519,112 shares of company stock valued at $64,932,073 over the last 90 days. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research analyst reports. Guggenheim upgraded Snowflake from a “sell” rating to a “neutral” rating in a report on Friday, March 15th. JPMorgan Chase & Co. upped their price target on Snowflake from $170.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday, May 23rd. Redburn Atlantic reiterated a “sell” rating and set a $125.00 price target (down from $180.00) on shares of Snowflake in a report on Tuesday, March 19th. JMP Securities reiterated a “market outperform” rating and set a $235.00 price target on shares of Snowflake in a report on Tuesday, June 4th. Finally, Royal Bank of Canada cut their target price on Snowflake from $226.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $198.85.

Snowflake Trading Up 0.9 %

NYSE:SNOW opened at $135.09 on Monday. Snowflake Inc. has a 1-year low of $122.60 and a 1-year high of $237.72. The business’s 50-day moving average price is $145.74 and its two-hundred day moving average price is $173.07. The firm has a market capitalization of $45.23 billion, a price-to-earnings ratio of -48.25 and a beta of 0.85.

Snowflake (NYSE:SNOW) last released its earnings results 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 company had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. Sell-side analysts predict that Snowflake Inc. will post -2.28 earnings per share for the current year.

Snowflake 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.