Mark Sheptoff Financial Planning LLC Acquires New Shares in Snowflake Inc. $SNOW

Mark Sheptoff Financial Planning LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,224 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors also recently modified their holdings of the stock. Trust Co. of Toledo NA OH purchased a new position in shares of Snowflake during the 2nd quarter valued at $25,000. Avion Wealth lifted its position in Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares in the last quarter. Rossby Financial LCC increased its position in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the period. Whittier Trust Co. grew its position in shares of Snowflake by 149.1% during the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after buying an additional 82 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Snowflake by 417.2% during the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after acquiring an additional 121 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

SNOW has been the subject of a number of recent analyst reports. Barclays upped their price target on Snowflake from $219.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Evercore ISI increased their target price on shares of Snowflake from $240.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. BTIG Research boosted their price target on shares of Snowflake from $235.00 to $276.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research note on Thursday, August 28th. Finally, Piper Sandler boosted their target price on Snowflake from $215.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.95.

Snowflake Trading Down 0.8%

Snowflake stock opened at $262.72 on Friday. Snowflake Inc. has a one year low of $119.66 and a one year high of $280.67. The company has a market cap of $89.01 billion, a price-to-earnings ratio of -63.31 and a beta of 1.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a 50-day moving average of $240.55 and a 200-day moving average of $214.54.

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

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $277.73, for a total value of $2,777,300.00. Following the completion of the transaction, the executive vice president directly owned 522,450 shares of the company’s stock, valued at $145,100,038.50. The trade was a 1.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $223.22, for a total transaction of $2,634,219.22. Following the sale, the senior vice president directly owned 241,854 shares of the company’s stock, valued at $53,986,649.88. This represents a 4.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 880,647 shares of company stock valued at $203,522,973. Company insiders own 6.80% of the company’s stock.

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.