Snowflake Inc. (NYSE:SNOW) Shares Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC increased its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 164.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,362 shares of the company's stock after buying an additional 58,114 shares during the period. Diversify Advisory Services LLC's holdings in Snowflake were worth $10,783,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC boosted its stake in Snowflake by 155.6% during the 2nd quarter. LRI Investments LLC now owns 184 shares of the company's stock valued at $25,000 after purchasing an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC purchased a new stake in Snowflake during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in Snowflake during the 3rd quarter valued at $34,000. Finally, Opal Wealth Advisors LLC bought a new position in Snowflake in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the transaction, the executive vice president now owns 718,773 shares of the company's stock, valued at approximately $86,252,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Frank Slootman sold 6,251 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $715,051.89. Following the sale, the director now directly owns 208,735 shares in the company, valued at approximately $23,877,196.65. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $120.00, for a total transaction of $1,800,000.00. Following the completion of the sale, the executive vice president now owns 718,773 shares in the company, valued at $86,252,760. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,538 shares of company stock valued at $7,049,994. Company insiders own 7.80% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. The Goldman Sachs Group restated a "buy" rating and issued a $220.00 price target on shares of Snowflake in a research report on Monday, July 1st. Morgan Stanley reaffirmed an "equal weight" rating and set a $175.00 price target on shares of Snowflake in a report on Thursday, August 22nd. Loop Capital reduced their price objective on shares of Snowflake from $225.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, August 21st. TD Cowen lowered their target price on shares of Snowflake from $230.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, August 19th. Finally, Argus initiated coverage on Snowflake in a report on Tuesday, October 1st. They issued a "hold" rating on the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $174.74.

Snowflake Stock Up 0.9 %

SNOW stock traded up $1.07 during trading on Tuesday, hitting $118.40. The company had a trading volume of 4,144,907 shares, compared to its average volume of 6,550,361. The firm has a market capitalization of $39.69 billion, a P/E ratio of -38.69 and a beta of 0.83. Snowflake Inc. has a 52-week low of $107.13 and a 52-week high of $237.72. The company has a 50 day simple moving average of $115.04 and a 200-day simple moving average of $131.10.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $868.80 million for the quarter, compared to the consensus estimate of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The firm's revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.52) EPS. Sell-side analysts forecast that Snowflake Inc. will post -2.41 earnings per share for the current 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.