Personal CFO Solutions LLC Has $246,000 Stock Holdings in Snowflake Inc. (NYSE:SNOW)

Personal CFO Solutions LLC lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,397 shares of the company’s stock after buying an additional 99 shares during the period. Personal CFO Solutions LLC’s holdings in Snowflake were worth $246,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. AXS Investments LLC boosted its position in Snowflake by 2.3% during the second quarter. AXS Investments LLC now owns 7,176 shares of the company’s stock valued at $1,263,000 after purchasing an additional 158 shares during the last quarter. Evolutionary Tree Capital Management LLC boosted its position in Snowflake by 1.7% during the second quarter. Evolutionary Tree Capital Management LLC now owns 10,184 shares of the company’s stock valued at $1,792,000 after purchasing an additional 172 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Snowflake by 6.5% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 127,394 shares of the company’s stock valued at $22,395,000 after purchasing an additional 7,823 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Snowflake by 1,431.8% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 1,302 shares of the company’s stock valued at $229,000 after purchasing an additional 1,217 shares during the last quarter. Finally, Keystone Investors PTE Ltd. acquired a new stake in Snowflake during the second quarter valued at $15,408,000. Institutional investors and hedge funds own 63.74% of the company’s stock.

Snowflake Stock Up 3.1 %

Shares of SNOW opened at $166.85 on Tuesday. The stock’s 50-day moving average price is $154.74 and its 200 day moving average price is $163.47. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of -62.73 and a beta of 0.77. Snowflake Inc. has a 12-month low of $119.27 and a 12-month high of $193.94.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, August 23rd. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.12. The company had revenue of $674.00 million for the quarter, compared to the consensus estimate of $662.22 million. Snowflake had a negative return on equity of 14.07% and a negative net margin of 35.22%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.67) earnings per share. Equities research analysts expect that Snowflake Inc. will post -1.62 EPS for the current year.

Insider Buying and Selling at Snowflake

In other Snowflake news, insider Benoit Dageville sold 13,740 shares of Snowflake stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $166.27, for a total transaction of $2,284,549.80. Following the sale, the insider now directly owns 40,847 shares of the company’s stock, valued at $6,791,630.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Grzegorz Czajkowski sold 694 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $166.27, for a total value of $115,391.38. Following the transaction, the senior vice president now directly owns 54,701 shares of the company’s stock, valued at approximately $9,095,135.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Benoit Dageville sold 13,740 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $166.27, for a total value of $2,284,549.80. Following the completion of the transaction, the insider now directly owns 40,847 shares in the company, valued at $6,791,630.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,446 shares of company stock valued at $14,733,361. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Capital One Financial raised Snowflake from an “equal weight” rating to an “overweight” rating and set a $195.00 price objective for the company in a research report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and set a $216.00 target price on shares of Snowflake in a report on Tuesday, September 5th. Raymond James cut their target price on Snowflake from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Thursday, August 24th. Citigroup raised their target price on Snowflake from $189.00 to $191.00 and gave the company a “buy” rating in a report on Monday, August 21st. Finally, Barclays cut their target price on Snowflake from $190.00 to $183.00 and set an “overweight” rating on the stock in a report on Thursday, August 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $189.52.

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.