Kestra Advisory Services LLC Purchases 1,929 Shares of Snowflake Inc. $SNOW

Kestra Advisory Services LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,262 shares of the company’s stock after acquiring an additional 1,929 shares during the quarter. Kestra Advisory Services LLC’s holdings in Snowflake were worth $4,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SNOW. Opal Wealth Advisors LLC bought a new stake in Snowflake in the 1st quarter worth approximately $26,000. CVA Family Office LLC increased its stake in Snowflake by 80.0% in the 1st quarter. CVA Family Office LLC now owns 198 shares of the company’s stock worth $29,000 after acquiring an additional 88 shares during the last quarter. West Paces Advisors Inc. bought a new stake in Snowflake in the 4th quarter worth approximately $31,000. Spurstone Advisory Services LLC bought a new stake in Snowflake in the 4th quarter worth approximately $31,000. Finally, Capital A Wealth Management LLC bought a new stake in Snowflake in the 4th quarter worth approximately $31,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $211.35, for a total value of $10,638,936.30. Following the transaction, the director owned 37,796 shares of the company’s stock, valued at $7,988,184.60. This represents a 57.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 424,852 shares of the company’s stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $219.35, for a total value of $93,191,286.20. Following the completion of the transaction, the director directly owned 165,507 shares in the company, valued at $36,303,960.45. This trade represents a 71.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,516,826 shares of company stock worth $555,691,052 in the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SNOW shares. Royal Bank Of Canada lifted their price objective on Snowflake from $236.00 to $250.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. CICC Research began coverage on Snowflake in a research report on Friday, June 20th. They set an “outperform” rating and a $225.00 target price on the stock. Macquarie boosted their target price on Snowflake from $190.00 to $210.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Cantor Fitzgerald boosted their target price on Snowflake from $183.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, May 22nd. Finally, HSBC downgraded Snowflake from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $230.22.

Snowflake Stock Performance

Shares of Snowflake stock opened at $194.63 on Wednesday. The stock’s fifty day moving average is $210.53 and its two-hundred day moving average is $185.04. The company has a market capitalization of $64.98 billion, a PE ratio of -46.23 and a beta of 1.22. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $229.27.

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.