ACG Wealth purchased a new stake in Snowflake Inc. (NYSE:SNOW – Get Rating) during the second quarter, according to its most recent filing with the SEC. The firm purchased 590 shares of the company's stock, valued at approximately $82,000.
A number of other large investors have also bought and sold shares of SNOW. Level Financial Advisors Inc. increased its stake in Snowflake by 475.0% during the 1st quarter. Level Financial Advisors Inc. now owns 115 shares of the company's stock worth $26,000 after purchasing an additional 95 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company's stock worth $29,000 after acquiring an additional 100 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new position in shares of Snowflake during the 1st quarter worth approximately $30,000. Tcwp LLC bought a new position in shares of Snowflake during the 1st quarter worth approximately $30,000. Finally, Riverview Trust Co bought a new position in shares of Snowflake during the 1st quarter worth approximately $35,000. 66.74% of the stock is owned by institutional investors.
Get Snowflake alerts:Insider Buying and Selling
In related news, Director John Dennis Mcmahon sold 1,224 shares of the firm's stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $155.44, for a total value of $190,258.56. Following the transaction, the director now owns 55,659 shares in the company, valued at $8,651,634.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Snowflake news, Director John Dennis Mcmahon sold 1,224 shares of Snowflake stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $155.44, for a total value of $190,258.56. Following the transaction, the director now owns 55,659 shares in the company, valued at $8,651,634.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Benoit Dageville sold 724 shares of Snowflake stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $181.11, for a total value of $131,123.64. Following the completion of the transaction, the insider now owns 15,512 shares in the company, valued at approximately $2,809,378.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,823 shares of company stock worth $859,968. Company insiders own 8.90% of the company's stock.
Snowflake Stock Performance
Shares of NYSE SNOW opened at $172.13 on Friday. Snowflake Inc. has a 52 week low of $110.26 and a 52 week high of $405.00. The stock has a market capitalization of $55.08 billion, a P/E ratio of -79.32 and a beta of 1.05. The stock's fifty day moving average is $168.04 and its 200 day moving average is $167.73.Snowflake (NYSE:SNOW – Get Rating) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.67) EPS for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.16). Snowflake had a negative return on equity of 12.57% and a negative net margin of 41.25%. The company had revenue of $497.25 million during the quarter, compared to the consensus estimate of $466.03 million. Equities research analysts forecast that Snowflake Inc. will post -2 earnings per share for the current year.
Analysts Set New Price Targets
SNOW has been the subject of several research reports. Rosenblatt Securities decreased their price target on shares of Snowflake from $255.00 to $245.00 and set a "buy" rating for the company in a research note on Thursday, August 25th. Canaccord Genuity Group raised their price target on shares of Snowflake from $185.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, August 25th. JMP Securities raised their price target on shares of Snowflake from $180.00 to $215.00 and gave the stock a "market outperform" rating in a research note on Thursday, August 25th. Cowen raised their price target on shares of Snowflake from $230.00 to $235.00 and gave the stock an "outperform" rating in a research note on Thursday, August 25th. Finally, The Goldman Sachs Group raised their target price on shares of Snowflake from $192.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $216.67.
Snowflake Profile
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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.
Further Reading
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