Snowflake Inc. $SNOW Stock: Kestra Advisory Services LLC Raises Holdings

Kestra Advisory Services LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 19.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,766 shares of the company’s stock after acquiring an additional 4,662 shares during the quarter. Kestra Advisory Services LLC’s holdings in Snowflake were worth $9,768,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Reyes Financial Architecture Inc. purchased a new position in shares of Snowflake in the 3rd quarter valued at about $32,000. Mather Group LLC. boosted its position in Snowflake by 98.0% during the third quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. Ninety One UK Ltd purchased a new position in Snowflake during the third quarter worth approximately $36,000. Fortitude Family Office LLC boosted its position in Snowflake by 146.7% during the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock worth $38,000 after purchasing an additional 66 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new stake in Snowflake in the third quarter valued at approximately $41,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Roundup

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SNOW. Argus boosted their price objective on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Robert W. Baird set a $450.00 target price on Snowflake in a research report on Thursday, September 3rd. Royal Bank Of Canada lifted their price target on shares of Snowflake from $372.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Truist Financial set a $425.00 target price on shares of Snowflake and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, The Goldman Sachs Group lifted their target price on shares of Snowflake from $300.00 to $436.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirty-six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $413.87.

Snowflake Stock Up 5.7%

NYSE SNOW opened at $291.69 on Tuesday. The business has a fifty day moving average price of $327.24 and a 200 day moving average price of $242.08. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $102.91 billion, a P/E ratio of -91.73 and a beta of 1.32. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. Research analysts anticipate that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, Director Mark Garrett sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 10,074 shares in the company, valued at approximately $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Speiser sold 50,338 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $353.87, for a total transaction of $17,813,108.06. Following the completion of the sale, the director owned 25,196 shares of the company’s stock, valued at approximately $8,916,108.52. The trade was a 66.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,135,702 shares of company stock valued at $373,733,800. Corporate insiders own 4.80% of the company’s stock.

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.