1,072 Shares in Snowflake Inc. $SNOW Purchased by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC 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 1,072 shares of the company’s stock, valued at approximately $240,000.

A number of other large investors have also added to or reduced their stakes in SNOW. Capital Advantage Inc. boosted its position in shares of Snowflake by 1.1% in the second quarter. Capital Advantage Inc. now owns 4,412 shares of the company’s stock valued at $987,000 after acquiring an additional 48 shares during the period. Ignite Planners LLC boosted its position in shares of Snowflake by 2.3% in the first quarter. Ignite Planners LLC now owns 2,861 shares of the company’s stock valued at $418,000 after acquiring an additional 64 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Snowflake by 4.2% in the second quarter. Koshinski Asset Management Inc. now owns 1,604 shares of the company’s stock valued at $359,000 after acquiring an additional 64 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Snowflake by 8.9% in the first quarter. TD Private Client Wealth LLC now owns 832 shares of the company’s stock valued at $122,000 after acquiring an additional 68 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 1.9%

SNOW stock opened at $257.84 on Friday. The company has a market capitalization of $87.36 billion, a PE ratio of -62.13 and a beta of 1.21. Snowflake Inc. has a one year low of $113.23 and a one year high of $259.75. The company’s 50 day moving average price is $227.78 and its two-hundred day moving average price is $205.48. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.48 and a current ratio of 1.48.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.27 by $0.08. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. Snowflake had a negative net margin of 33.53% and a negative return on equity of 42.98%. The business’s revenue was up 31.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. As a group, analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $223.22, for a total transaction of $2,634,219.22. Following the transaction, the senior vice president directly owned 241,854 shares of the company’s stock, valued at approximately $53,986,649.88. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 710,083 shares of Snowflake stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $230.47, for a total transaction of $163,652,829.01. Following the transaction, the director directly owned 165,507 shares in the company, valued at $38,144,398.29. This trade represents a 81.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,182,434 shares of company stock valued at $270,280,661. 6.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNOW shares. Scotiabank raised their price objective on shares of Snowflake from $230.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Truist Financial lifted their target price on shares of Snowflake from $235.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, August 28th. Bank of America upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and lifted their target price for the company from $220.00 to $240.00 in a research report on Wednesday, August 20th. Cowen reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, August 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Snowflake in a research report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $257.24.

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.