Motley Fool Asset Management LLC Acquires 8,803 Shares of Snowflake Inc. $SNOW

Motley Fool Asset Management LLC increased its holdings in Snowflake Inc. (NYSE:SNOW) by 37.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,178 shares of the company’s stock after acquiring an additional 8,803 shares during the period. Motley Fool Asset Management LLC’s holdings in Snowflake were worth $7,059,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Total Clarity Wealth Management Inc. lifted its stake in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after purchasing an additional 40 shares during the last quarter. Diligent Investors LLC lifted its stake in Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after purchasing an additional 40 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in Snowflake by 10.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after purchasing an additional 50 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its stake in Snowflake by 1.4% in the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 0.5%

NYSE:SNOW opened at $239.29 on Wednesday. The company has a market cap of $82.94 billion, a P/E ratio of -67.98 and a beta of 1.35. The stock’s fifty day moving average price is $168.53 and its two-hundred day moving average price is $189.91. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.24 earnings per share. As a group, analysts expect that Snowflake Inc. will post -1.87 EPS for the current year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.00, for a total transaction of $2,720,000.00. Following the sale, the executive vice president owned 418,494 shares in the company, valued at $113,830,368. This represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $245.21, for a total value of $98,819.63. Following the completion of the sale, the director owned 22,106 shares in the company, valued at $5,420,612.26. This trade represents a 1.79% 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. In the last ninety days, insiders have sold 1,586,821 shares of company stock worth $358,786,179. Insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. Canaccord Genuity Group upped their price objective on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Oppenheimer upped their price objective on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Finally, Sanford C. Bernstein upped their price objective on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $291.77.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and set a $300 price target after Snowflake’s investor day, arguing the company’s AI ambitions could make the business much larger than a cloud data-storage platform. Snowflake stock gets a bold AI call from Wall Street
• Positive Sentiment: Truist raised its price target on Snowflake to $300 from $275, and Barclays lifted its target to $285, signaling continued analyst confidence in the company’s growth outlook. Truist Raises Snowflake Inc. (SNOW) Price Target to $300 from $275
• Positive Sentiment: Snowflake unveiled new AI-related product and governance updates, including CoCo AI assistant features and Horizon Catalog improvements, reinforcing its push into enterprise AI infrastructure and security. Snowflake debuts CoCo AI assistant for Slack Excel VS Code
• Positive Sentiment: Benchmark said Snowflake is becoming a “mission-critical AI control plane,” underscoring the market’s growing belief that AI adoption could drive more durable demand for the platform. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Neutral Sentiment: Snowflake announced partnership and ecosystem updates at its summit, including new integrations and verified data initiatives, which support the platform story but are less likely to move shares immediately. Equilar ExecAtlas Joins Snowflake & Financial Services Industry Peers
• Negative Sentiment: Director Michael L. Speiser sold more than 50,000 shares in a pre-arranged transaction, which can add some caution around insider sentiment even though the sale was under a 10b5-1 plan. Snowflake director Michael L. Speiser sale filing
• Negative Sentiment: Some coverage focused on whether Snowflake’s recent rally has gone too far, reflecting investor concern that much of the upside may already be priced in. Is It Too Late To Consider Snowflake (SNOW) After Recent Share Price Volatility?

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.