Wealth Advisory Solutions LLC Has $3.16 Million Stake in Snowflake Inc. (NYSE:SNOW)

Wealth Advisory Solutions LLC raised its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 65.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,611 shares of the company's stock after acquiring an additional 8,546 shares during the quarter. Wealth Advisory Solutions LLC's holdings in Snowflake were worth $3,159,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Quarry LP raised its stake in Snowflake by 9.8% during the 4th quarter. Quarry LP now owns 662 shares of the company's stock valued at $102,000 after purchasing an additional 59 shares during the last quarter. Gabelli Funds LLC raised its stake in Snowflake by 3.3% during the 4th quarter. Gabelli Funds LLC now owns 2,050 shares of the company's stock valued at $317,000 after purchasing an additional 65 shares during the last quarter. Archford Capital Strategies LLC raised its stake in Snowflake by 1.9% during the 1st quarter. Archford Capital Strategies LLC now owns 3,609 shares of the company's stock valued at $527,000 after purchasing an additional 68 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Snowflake by 8.9% during the 1st quarter. TD Private Client Wealth LLC now owns 832 shares of the company's stock valued at $122,000 after purchasing an additional 68 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Snowflake by 21.8% during the 4th quarter. Larson Financial Group LLC now owns 413 shares of the company's stock valued at $64,000 after purchasing an additional 74 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Down 0.8%

Shares of SNOW traded down $1.89 during mid-day trading on Wednesday, hitting $221.61. 2,623,392 shares of the company's stock were exchanged, compared to its average volume of 6,030,886. The company has a market cap of $73.99 billion, a PE ratio of -52.64 and a beta of 1.22. Snowflake Inc. has a 52 week low of $107.13 and a 52 week high of $226.60. The company has a 50-day simple moving average of $200.46 and a 200 day simple moving average of $176.01. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58.

Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.02. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.01 billion. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The firm's revenue was up 25.8% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $221.47, for a total transaction of $89,252.41. Following the completion of the sale, the director owned 26,539 shares of the company's stock, valued at $5,877,592.33. This trade represents a 1.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Teresa Briggs sold 1,146 shares of Snowflake stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $217.74, for a total transaction of $249,530.04. Following the transaction, the director directly owned 4,474 shares of the company's stock, valued at approximately $974,168.76. This trade represents a 20.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,718,258 shares of company stock worth $589,762,906 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNOW. Oppenheimer reiterated an "outperform" rating on shares of Snowflake in a research note on Tuesday, June 24th. Macquarie boosted their price target on shares of Snowflake from $190.00 to $210.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of Snowflake from $210.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, May 22nd. BTIG Research reissued a "buy" rating on shares of Snowflake in a report on Thursday, May 22nd. Finally, Royal Bank Of Canada increased their target price on shares of Snowflake from $236.00 to $250.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $225.36.

Snowflake 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.