Paragon Private Wealth Management LLC Takes Position in Snowflake Inc. $SNOW

Paragon Private Wealth Management LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,464 shares of the company’s stock, valued at approximately $1,136,000.

Other institutional investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake during the 4th quarter valued at $29,000. Basecamp Wealth Advisors LLC raised its holdings in shares of Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. Emerald Advisers LLC boosted its position in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in Snowflake in the fourth quarter valued at about $32,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 289,685 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the transaction, the director owned 28,535 shares of the company’s stock, valued at $7,829,718.65. The trade was a 91.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. 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 have sold 1,156,901 shares of company stock worth $321,725,352. 4.80% of the stock is owned by insiders.

Snowflake Stock Down 3.9%

Shares of SNOW stock opened at $307.31 on Thursday. The stock’s 50 day simple moving average is $293.26 and its 200 day simple moving average is $218.27. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $341.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $106.51 billion, a price-to-earnings ratio of -87.30 and a beta of 1.33.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, research analysts predict that Snowflake Inc. will post -1.81 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on SNOW. Stifel Nicolaus set a $350.00 price target on Snowflake in a research note on Tuesday, August 18th. TD Cowen boosted their price target on Snowflake from $300.00 to $370.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Wedbush increased their price objective on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. raised their price objective on shares of Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada lifted their target price on shares of Snowflake from $313.00 to $372.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $338.35.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q2 results exceeded expectations. Snowflake reported earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year and above analysts’ $1.48 billion forecast. Product revenue was $1.49 billion, an increase of 37%. Snowflake lifts annual product revenue forecast, shares soar
• Positive Sentiment: Raised guidance provided the biggest bullish catalyst. Management lifted its full-year product-revenue forecast, signaling confidence in continued demand for the cloud data platform and AI offerings. Snowflake Jumps on Revenue Outlook, Uptake of AI Assistant
• Positive Sentiment: AI adoption is strengthening the growth narrative. Snowflake highlighted rapid uptake of its AI-assisted coding tools, including the CoCo coding agent and CoWork. Investors view these products as potential growth accelerators and evidence that Snowflake is benefiting from rising enterprise AI workloads. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: CEO Sridhar Ramaswamy said Snowflake remains on track to reach break-even next year, supporting expectations for improving profitability alongside growth.
• Positive Sentiment: Sayari selected Snowflake to rebuild its Commercial World Model, potentially reducing its data-infrastructure costs by more than 50% and adding validation for Snowflake’s AI Data Cloud. Sayari Rebuilds Its Commercial World Model on Snowflake

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.