Snowflake Inc. $SNOW Stock Holdings Raised by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services raised its Snowflake stake by 19.3% in the third quarter, to 28,766 shares valued at about $9.8 million. Hedge funds and other institutions collectively own 65.1% of the stock.
• Analyst sentiment is broadly positive: Snowflake has a “Moderate Buy” consensus from 42 analysts, with an average price target of $413.87.
• Snowflake beat quarterly earnings and revenue estimates, with revenue up 35.1% year over year, but reported a negative net margin. Insiders sold about $373.7 million in shares over the past 90 days.

Kestra Advisory Services LLC increased its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 19.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,766 shares of the company's stock after acquiring an additional 4,662 shares during the period. Kestra Advisory Services LLC's holdings in Snowflake were worth $9,768,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC increased its holdings in shares of Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in shares of Snowflake during the third quarter valued at $32,000. Mather Group LLC. lifted its holdings in shares of Snowflake by 98.0% during the third quarter. Mather Group LLC. now owns 101 shares of the company's stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Finally, Ninety One UK Ltd bought a new position in shares of Snowflake during the third quarter valued at $36,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on SNOW. UBS Group boosted their target price on Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. lifted their price target on shares of Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Piper Sandler restated an "overweight" rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Wells Fargo & Company increased their price target on Snowflake from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. Finally, Monness Crespi & Hardt raised their price target on Snowflake from $380.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Thirty-six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $413.87.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $325.57, for a total value of $4,883,550.00. Following the completion of the sale, the executive vice president directly owned 325,379 shares in the company, valued at $105,933,641.03. This trade represents a 4.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of Snowflake stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the sale, the director owned 10,074 shares of the company's stock, valued at approximately $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,135,702 shares of company stock worth $373,733,800 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake rose alongside other AI stocks in a broad rebound from the previous week’s selloff. The move appears driven mainly by sector sentiment rather than a new company-specific announcement. Article: Palantir Rises 5%, Snowflake Up 6% as AI Stocks Rebound
• Positive Sentiment: A hammer chart pattern and upward earnings-estimate revisions are cited as signs that SNOW may have found near-term support, potentially improving the outlook for a rebound. These are indicators, not guarantees. Article: Snowflake Could Find a Support Soon
• Positive Sentiment: A fund manager reported a new position in Snowflake in a filing covering holdings as of June 30. This indicates institutional interest, though the disclosure is dated and does not show whether the fund still holds the shares. Article: A $4.7 Billion Fund Bought These 3 Stocks
• Negative Sentiment: Despite strong growth, Snowflake has not established consistent profitability. A comparison with Palantir highlights this concern, particularly as investors assess whether Snowflake’s growth and AI opportunity justify its valuation. Article: Palantir vs. Snowflake

Snowflake Stock Up 5.7%

Shares of SNOW stock opened at $291.69 on Tuesday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The stock has a market cap of $102.91 billion, a P/E ratio of -91.73 and a beta of 1.32. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $327.24 and a two-hundred day simple moving average of $242.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted 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. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $0.35 EPS. The business's quarterly revenue was up 35.1% on a year-over-year basis. On average, research analysts expect that Snowflake Inc. will post -1.42 earnings per share for the current year.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services.

Snowflake's platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.

Founded in 2012, Snowflake went public in 2020.

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