Paragon Private Wealth Management LLC Purchases Shares of 4,464 Snowflake Inc. $SNOW

Key Points

• Paragon Private Wealth Management purchased 4,464 Snowflake shares during the second quarter, valued at approximately $1.14 million. Institutional investors collectively own 65.1% of the company.
• Analyst sentiment remains favorable, with 34 Buy ratings, five Holds, and one Sell; the consensus rating is “Moderate Buy” with a target price of $338.35.
• Snowflake exceeded quarterly expectations, reporting $0.62 in earnings per share and $1.55 billion in revenue, up 35.1% year over year. However, insiders sold roughly 1.16 million shares worth $321.7 million over the past three months.

Paragon Private Wealth Management LLC purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,464 shares of the company's stock, valued at approximately $1,136,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake during the 4th quarter worth $29,000. MV Capital Management Inc. bought a new position in shares of Snowflake in the fourth quarter worth $32,000. Copos Capital S.a r.l. bought a new position in shares of Snowflake in the fourth quarter worth $35,000. Finally, JPL Wealth Management LLC bought a new position in shares of Snowflake in the third quarter worth $39,000. 65.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SNOW shares. HSBC set a $289.00 price objective on shares of Snowflake and gave the company a "buy" rating in a research note on Friday, May 29th. Mizuho upped their price target on shares of Snowflake from $295.00 to $355.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 19th. BTIG Research increased their price objective on shares of Snowflake from $325.00 to $340.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Monness Crespi & Hardt boosted their target price on Snowflake from $282.00 to $320.00 and gave the stock a "buy" rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company restated an "overweight" rating on shares of Snowflake in a research report on Wednesday, July 29th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $338.35.

Insider Activity

In related news, Director Frank Slootman sold 48,990 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at $9,153,457.30. This trade represents a 63.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of the transaction, the executive vice president directly owned 340,379 shares in the company, valued at $110,623,175. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,156,901 shares of company stock valued at $321,725,352 over the last three months. Insiders own 4.80% of the company's stock.

Snowflake Stock Performance

Shares of SNOW opened at $307.31 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The firm's 50 day moving average is $293.26 and its 200-day moving average is $218.27. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $341.95. The stock has a market capitalization of $106.51 billion, a P/E ratio of -87.30 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. Equities research analysts anticipate that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q2 results exceeded expectations. Snowflake reported earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year and above analysts’ $1.48 billion forecast. Product revenue was $1.49 billion, an increase of 37%. Snowflake lifts annual product revenue forecast, shares soar
• Positive Sentiment: Raised guidance provided the biggest bullish catalyst. Management lifted its full-year product-revenue forecast, signaling confidence in continued demand for the cloud data platform and AI offerings. Snowflake Jumps on Revenue Outlook, Uptake of AI Assistant
• Positive Sentiment: AI adoption is strengthening the growth narrative. Snowflake highlighted rapid uptake of its AI-assisted coding tools, including the CoCo coding agent and CoWork. Investors view these products as potential growth accelerators and evidence that Snowflake is benefiting from rising enterprise AI workloads. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: CEO Sridhar Ramaswamy said Snowflake remains on track to reach break-even next year, supporting expectations for improving profitability alongside growth.
• Positive Sentiment: Sayari selected Snowflake to rebuild its Commercial World Model, potentially reducing its data-infrastructure costs by more than 50% and adding validation for Snowflake’s AI Data Cloud. Sayari Rebuilds Its Commercial World Model on Snowflake

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.

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