2,172 Shares in Snowflake Inc. $SNOW Purchased by Huntleigh Advisors Inc.

Huntleigh Advisors Inc. acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,172 shares of the company’s stock, valued at approximately $486,000.

A number of other large investors have also added to or reduced their stakes in SNOW. Trust Co. of Toledo NA OH purchased a new position in shares of Snowflake in the second quarter worth about $25,000. Golden State Wealth Management LLC increased its stake in shares of Snowflake by 748.0% in the first quarter. Golden State Wealth Management LLC now owns 212 shares of the company’s stock worth $31,000 after purchasing an additional 187 shares in the last quarter. HighMark Wealth Management LLC increased its stake in shares of Snowflake by 200.0% in the second quarter. HighMark Wealth Management LLC now owns 225 shares of the company’s stock worth $50,000 after purchasing an additional 150 shares in the last quarter. Raleigh Capital Management Inc. purchased a new position in shares of Snowflake in the second quarter worth about $53,000. Finally, Hilltop National Bank purchased a new position in shares of Snowflake in the second quarter worth about $53,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. KeyCorp lifted their target price on shares of Snowflake from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Truist Financial lifted their target price on shares of Snowflake from $235.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wedbush raised their price objective on shares of Snowflake from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $245.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Finally, Needham & Company LLC raised their price objective on shares of Snowflake from $230.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $256.71.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 1,658 shares of Snowflake stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $225.25, for a total transaction of $373,464.50. Following the completion of the sale, the chief accounting officer directly owned 31,745 shares in the company, valued at $7,150,561.25. The trade was a 4.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 5,000 shares of Snowflake stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $250.00, for a total transaction of $1,250,000.00. Following the sale, the executive vice president owned 43,568 shares of the company’s stock, valued at approximately $10,892,000. The trade was a 10.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,182,434 shares of company stock valued at $270,280,661 over the last quarter. Company insiders own 6.80% of the company’s stock.

Snowflake Trading Up 0.3%

Shares of Snowflake stock opened at $240.68 on Friday. Snowflake Inc. has a 1 year low of $113.23 and a 1 year high of $255.39. The firm has a market cap of $81.54 billion, a PE ratio of -58.00 and a beta of 1.21. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.48. The company has a 50 day simple moving average of $222.38 and a two-hundred day simple moving average of $201.96.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. Snowflake had a negative net margin of 33.53% and a negative return on equity of 42.98%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.18 earnings per share. Snowflake’s revenue for the quarter was up 31.8% on a year-over-year basis. Analysts expect that Snowflake Inc. will post -2.36 earnings per share 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.