1,491 Shares in Snowflake Inc. (NYSE:SNOW) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,491 shares of the company’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in SNOW. Quarry LP grew its position in Snowflake by 608.2% during the 2nd quarter. Quarry LP now owns 949 shares of the company’s stock worth $128,000 after acquiring an additional 815 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Snowflake by 46.7% in the second quarter. Sunbelt Securities Inc. now owns 5,393 shares of the company’s stock valued at $729,000 after purchasing an additional 1,716 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Snowflake by 42.5% during the second quarter. NewEdge Advisors LLC now owns 13,800 shares of the company’s stock valued at $1,864,000 after purchasing an additional 4,116 shares during the period. Nemes Rush Group LLC grew its holdings in shares of Snowflake by 39.5% in the second quarter. Nemes Rush Group LLC now owns 2,891 shares of the company’s stock worth $391,000 after purchasing an additional 818 shares during the last quarter. Finally, Magnolia Capital Advisors LLC purchased a new position in shares of Snowflake in the second quarter worth $1,431,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the completion of the transaction, the executive vice president now owns 718,773 shares of the company’s stock, valued at $86,252,760. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $120.00, for a total value of $1,800,000.00. Following the completion of the transaction, the executive vice president now directly owns 718,773 shares of the company’s stock, valued at approximately $86,252,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 6,251 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $715,051.89. Following the sale, the director now directly owns 208,735 shares in the company, valued at approximately $23,877,196.65. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,538 shares of company stock valued at $3,449,994. Corporate insiders own 7.80% of the company’s stock.

Snowflake Trading Up 3.8 %

NYSE:SNOW opened at $114.69 on Friday. The stock has a 50-day moving average price of $117.12 and a 200 day moving average price of $136.09. The stock has a market capitalization of $38.40 billion, a P/E ratio of -40.96 and a beta of 0.83. Snowflake Inc. has a 12-month low of $107.13 and a 12-month high of $237.72.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The company’s revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm posted ($0.52) EPS. On average, research analysts predict that Snowflake Inc. will post -2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $175.00 price target on shares of Snowflake in a research report on Thursday. Scotiabank dropped their target price on shares of Snowflake from $195.00 to $165.00 and set a “sector outperform” rating for the company in a report on Thursday, August 22nd. Citigroup reduced their price target on Snowflake from $236.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Barclays dropped their price objective on Snowflake from $191.00 to $146.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Finally, Stifel Nicolaus decreased their target price on Snowflake from $200.00 to $168.00 and set a “buy” rating for the company in a report on Monday, August 19th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $174.74.

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.