Quadrant Capital Group LLC boosted its position in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 900.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,252 shares of the company’s stock after purchasing an additional 2,027 shares during the quarter. Quadrant Capital Group LLC’s holdings in Snowflake were worth $806,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. raised its position in Snowflake by 37.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Carnegie Investment Counsel bought a new position in shares of Snowflake during the 3rd quarter worth $212,000. Nisa Investment Advisors LLC grew its position in shares of Snowflake by 8.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,995 shares of the company’s stock worth $2,715,000 after buying an additional 590 shares in the last quarter. Integrated Advisors Network LLC bought a new position in shares of Snowflake during the 3rd quarter worth $321,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in shares of Snowflake by 28.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 296,060 shares of the company’s stock valued at $100,530,000 after buying an additional 66,389 shares during the period. 65.10% of the stock is owned by institutional investors.
Insider Activity
In related news, CRO Jonathan Beaulier sold 755 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total transaction of $253,951.80. Following the sale, the executive owned 211,619 shares of the company’s stock, valued at $71,180,166.84. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $344.00, for a total value of $138,632.00. Following the sale, the director directly owned 21,767 shares in the company, valued at approximately $7,487,848. The trade was a 1.82% decrease in their position. 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. Insiders sold a total of 1,246,429 shares of company stock worth $408,832,628 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
SNOW has been the subject of several recent research reports. Scotiabank restated a “sector outperform” rating and issued a $440.00 price objective (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Robert W. Baird set a $450.00 price objective on shares of Snowflake in a research note on Thursday, September 3rd. Piper Sandler reiterated an “overweight” rating and set a $450.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. BTIG Research raised their target price on shares of Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, Evercore reissued an “outperform” rating and set a $430.00 target price on shares of Snowflake in a research report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $413.87.
Read Our Latest Research Report on Snowflake
Snowflake Stock Up 3.6%
Shares of NYSE SNOW opened at $325.26 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $114.75 billion, a PE ratio of -102.28 and a beta of 1.35. The stock’s fifty day simple moving average is $331.76 and its two-hundred day simple moving average is $260.74. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.
Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. As a group, analysts expect that Snowflake Inc. will post -1.44 EPS for the current fiscal year.
Snowflake News Roundup
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
- Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
- Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
- Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
- Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
- Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale
Snowflake Profile
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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