2,550 Shares in Snowflake Inc. $SNOW Purchased by Spartan Wealth Advisory Services LLC

Spartan Wealth Advisory Services LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,550 shares of the company’s stock, valued at approximately $385,000.

A number of other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in Snowflake in the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the topic of a number of research reports. Oppenheimer increased their target price on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Stifel Nicolaus lifted their price target on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 28th. TD Cowen reaffirmed a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research report on Wednesday, June 3rd. Truist Financial increased their price objective on shares of Snowflake from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, DA Davidson raised their target price on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $296.27.

Insider Transactions at Snowflake

In related news, Director Mark Garrett sold 100,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the transaction, the director directly owned 8,801 shares of the company’s stock, valued at $2,200,250. This represents a 91.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.60, for a total value of $7,127,860.80. Following the completion of the sale, the director owned 28,556 shares in the company, valued at approximately $4,043,529.60. This represents a 63.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,802,015 shares of company stock worth $421,739,629. Company insiders own 4.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $274.92 on Tuesday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The company has a market cap of $95.29 billion, a price-to-earnings ratio of -78.10 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a fifty day moving average of $229.90 and a 200-day moving average of $193.81.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. As a group, equities analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current year.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.