Snowflake Inc. $SNOW Stock: Quadrant Capital Group LLC Increases Holdings

Quadrant Capital Group LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 900.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,252 shares of the company’s stock after purchasing an additional 2,027 shares during the period. Quadrant Capital Group LLC’s holdings in Snowflake were worth $806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 37.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Nvwm LLC boosted its position in shares of Snowflake by 0.6% in the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after purchasing an additional 37 shares in the last quarter. Myecfo LLC boosted its position in shares of Snowflake by 4.1% in the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after purchasing an additional 38 shares in the last quarter. Fermata Advisors LLC boosted its position in shares of Snowflake by 4.9% in the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after purchasing an additional 42 shares in the last quarter. Finally, Abel Hall LLC grew its stake in Snowflake by 3.8% during the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock worth $404,000 after buying an additional 44 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In related news, Director Mark Garrett sold 50,000 shares of Snowflake stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the sale, the director owned 10,074 shares of the company’s stock, valued at $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the executive vice president directly owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,246,429 shares of company stock valued at $408,832,628 over the last three months. Company insiders own 4.80% of the company’s stock.

Snowflake Price Performance

NYSE SNOW opened at $325.26 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s fifty day moving average price is $331.76 and its 200 day moving average price is $260.74. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a market cap of $114.75 billion, a price-to-earnings ratio of -102.28 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. As a group, equities research analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SNOW. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snowflake in a research note on Tuesday, September 8th. Robert W. Baird set a $450.00 price target on Snowflake in a research note on Thursday, September 3rd. Oppenheimer upped their price objective on shares of Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Canaccord Genuity Group increased their price objective on shares of Snowflake from $325.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, Raymond James Financial increased their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $413.87.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.