Quantum Private Wealth LLC Purchases 3,655 Shares of Snowflake Inc. (NYSE:SNOW)

Quantum Private Wealth LLC increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 35.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,003 shares of the company’s stock after acquiring an additional 3,655 shares during the period. Quantum Private Wealth LLC’s holdings in Snowflake were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC increased its holdings in shares of Snowflake by 155.6% in the 2nd quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after buying an additional 112 shares during the last quarter. Wellington Shields Capital Management LLC purchased a new stake in Snowflake during the 2nd quarter valued at $27,000. V Square Quantitative Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at $30,000. Fortitude Family Office LLC purchased a new stake in Snowflake during the 3rd quarter valued at $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Snowflake in the 2nd quarter worth about $39,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, insider Benoit Dageville sold 1,946 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total transaction of $222,602.94. Following the transaction, the insider now owns 53,820 shares in the company, valued at $6,156,469.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Benoit Dageville sold 1,946 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $114.39, for a total value of $222,602.94. Following the transaction, the insider now directly owns 53,820 shares in the company, valued at approximately $6,156,469.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 558 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $61,357.68. Following the completion of the transaction, the executive vice president now owns 759,473 shares in the company, valued at approximately $83,511,651.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 59,538 shares of company stock worth $7,061,544 over the last quarter. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SNOW shares. Wedbush raised shares of Snowflake to a “hold” rating in a research report on Thursday, October 17th. HSBC raised shares of Snowflake from a “reduce” rating to a “hold” rating and lifted their price target for the company from $119.00 to $121.00 in a research report on Friday, August 23rd. Loop Capital reduced their price objective on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, August 21st. JMP Securities reduced their price objective on shares of Snowflake from $235.00 to $190.00 and set a “market outperform” rating for the company in a research note on Thursday, August 22nd. Finally, Stifel Nicolaus reduced their price objective on shares of Snowflake from $200.00 to $168.00 and set a “buy” rating for the company in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.17.

Snowflake Trading Down 1.7 %

SNOW stock opened at $121.46 on Friday. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The firm’s fifty day simple moving average is $114.83 and its two-hundred day simple moving average is $129.88.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The business had revenue of $868.80 million for the quarter, compared to analysts’ expectations of $851.72 million. During the same quarter in the previous year, the business posted ($0.52) earnings per share. The business’s revenue was up 28.9% compared to the same quarter last year. Analysts anticipate that Snowflake Inc. will post -2.41 EPS for the current year.

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.