Whipplewood Advisors LLC Has $122,000 Position in Snowflake Inc. $SNOW

Whipplewood Advisors LLC grew its holdings in Snowflake Inc. (NYSE:SNOW) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 545 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Whipplewood Advisors LLC’s holdings in Snowflake were worth $122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in shares of Snowflake by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,587,114 shares of the company’s stock worth $524,293,000 after acquiring an additional 650,775 shares during the last quarter. CenterBook Partners LP bought a new stake in Snowflake in the first quarter valued at about $2,381,000. Berkshire Capital Holdings Inc. increased its holdings in Snowflake by 71,500.0% in the first quarter. Berkshire Capital Holdings Inc. now owns 7,160 shares of the company’s stock valued at $1,047,000 after purchasing an additional 7,150 shares during the last quarter. Lyell Wealth Management LP increased its holdings in Snowflake by 5.1% in the first quarter. Lyell Wealth Management LP now owns 60,685 shares of the company’s stock valued at $8,870,000 after purchasing an additional 2,955 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Snowflake in the second quarter valued at about $3,900,134,000. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of several recent analyst reports. UBS Group increased their price target on Snowflake from $285.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Snowflake in a report on Thursday, August 28th. BTIG Research increased their price objective on Snowflake from $235.00 to $276.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price objective on shares of Snowflake in a report on Friday, October 17th. Finally, Wells Fargo & Company started coverage on Snowflake in a research report on Tuesday, September 30th. They set an “overweight” rating and a $275.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $257.24.

Snowflake Stock Performance

SNOW opened at $257.84 on Monday. Snowflake Inc. has a 12-month low of $113.23 and a 12-month high of $259.75. The stock has a market cap of $87.36 billion, a price-to-earnings ratio of -62.13 and a beta of 1.21. The business has a 50 day moving average of $227.78 and a 200-day moving average of $206.36. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, August 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm posted $0.18 earnings per share. The business’s revenue was up 31.8% on a year-over-year basis. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 5,000 shares of Snowflake stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $250.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the executive vice president directly owned 43,568 shares of the company’s stock, valued at approximately $10,892,000. This trade represents a 10.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Emily Ho sold 1,658 shares of Snowflake stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $225.25, for a total value of $373,464.50. Following the sale, the chief accounting officer directly owned 31,745 shares of the company’s stock, valued at approximately $7,150,561.25. The trade was a 4.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,182,434 shares of company stock valued at $270,280,661. Insiders own 6.80% of the company’s stock.

About Snowflake

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.