Vanguard Personalized Indexing Management LLC Boosts Holdings in Snowflake Inc. $SNOW

Vanguard Personalized Indexing Management LLC increased its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 21.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,151 shares of the company's stock after purchasing an additional 4,415 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Snowflake were worth $5,628,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Trust Co. of Toledo NA OH purchased a new stake in shares of Snowflake during the 2nd quarter worth approximately $25,000. Opal Wealth Advisors LLC purchased a new stake in shares of Snowflake during the 1st quarter worth approximately $26,000. CVA Family Office LLC raised its holdings in shares of Snowflake by 80.0% during the 1st quarter. CVA Family Office LLC now owns 198 shares of the company's stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in shares of Snowflake by 748.0% during the 1st quarter. Golden State Wealth Management LLC now owns 212 shares of the company's stock worth $31,000 after acquiring an additional 187 shares in the last quarter. Finally, Tradewinds Capital Management LLC raised its holdings in shares of Snowflake by 53.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 245 shares of the company's stock worth $36,000 after acquiring an additional 85 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of Snowflake stock opened at $247.29 on Tuesday. The stock's fifty day moving average is $219.41 and its two-hundred day moving average is $199.79. The company has a market capitalization of $83.78 billion, a PE ratio of -59.59 and a beta of 1.21. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.96. Snowflake Inc. has a 52 week low of $113.23 and a 52 week high of $255.39.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.27 by $0.08. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.Snowflake's quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. As a group, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SNOW. Macquarie upped their price objective on Snowflake from $210.00 to $235.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a report on Thursday, August 28th. Jefferies Financial Group increased their price target on Snowflake from $250.00 to $270.00 and gave the company a "buy" rating in a report on Thursday, August 28th. Sanford C. Bernstein increased their price target on Snowflake from $191.00 to $221.00 and gave the company a "market perform" rating in a report on Thursday, August 28th. Finally, UBS Group increased their price target on Snowflake from $285.00 to $310.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. Two equities 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 assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and a consensus price target of $256.18.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $233.50, for a total value of $2,335,000.00. Following the transaction, the executive vice president owned 527,336 shares of the company's stock, valued at $123,132,956. This represents a 1.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the company's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $223.22, for a total value of $2,634,219.22. Following the completion of the transaction, the senior vice president directly owned 241,854 shares in the company, valued at $53,986,649.88. This trade represents a 4.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,182,434 shares of company stock worth $270,280,661. Insiders own 6.80% of the company's stock.

About Snowflake

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.

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