5,120 Shares in Snowflake Inc. $SNOW Acquired by Fairvoy Private Wealth LLC

Fairvoy Private Wealth LLC bought a new stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,120 shares of the company’s stock, valued at approximately $1,739,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nvwm LLC lifted its position in shares of Snowflake by 0.6% in the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after purchasing an additional 37 shares during the period. Myecfo LLC grew its stake in Snowflake by 4.1% during the third quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after purchasing an additional 38 shares during the period. Fermata Advisors LLC grew its stake in Snowflake by 4.9% during the third quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after purchasing an additional 42 shares during the period. Abel Hall LLC grew its position in shares of Snowflake by 3.8% during the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock worth $404,000 after buying an additional 44 shares during the period. Finally, Parkside Financial Bank & Trust boosted its stake in Snowflake by 15.6% during the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company’s stock worth $85,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SNOW shares. JPMorgan Chase & Co. upped their price objective on shares of Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Piper Sandler restated an “overweight” rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Citigroup raised their target price on Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Cantor Fitzgerald upped their price target on Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Finally, Yorkville Ives assumed coverage on Snowflake in a report on Monday, October 5th. They issued an “outperform” rating and a $400.00 price target on the stock. Thirty-six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $413.87.

Get Our Latest Stock Report on Snowflake

Snowflake Stock Up 2.8%

SNOW traded up $8.53 during trading on Monday, hitting $315.37. 5,303,888 shares of the company’s stock were exchanged, compared to its average volume of 6,497,792. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The stock has a market cap of $111.26 billion, a P/E ratio of -99.17 and a beta of 1.35. The business’s 50 day moving average is $333.25 and its two-hundred day moving average is $255.61. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities analysts expect that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total value of $5,123,550.00. Following the completion of the sale, the executive vice president directly owned 313,738 shares of the company’s stock, valued at $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Beaulier sold 755 shares of Snowflake stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total value of $253,951.80. Following the transaction, the executive directly owned 211,619 shares in the company, valued at approximately $71,180,166.84. The trade was a 0.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 956,744 shares of company stock worth $316,741,285. Company insiders own 4.80% of the company’s stock.

Snowflake Company Profile

(Free Report)

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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