HB Wealth Management LLC Purchases 2,077 Shares of Snowflake Inc. $SNOW

HB Wealth Management LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 30.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,907 shares of the company’s stock after buying an additional 2,077 shares during the period. HB Wealth Management LLC’s holdings in Snowflake were worth $1,343,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Diligent Investors LLC grew its stake in Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after acquiring an additional 40 shares during the period. Wolff Wiese Magana LLC increased its holdings in shares of Snowflake by 10.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after acquiring an additional 50 shares in the last quarter. HHM Wealth Advisors LLC raised its position in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the period. United Asset Strategies Inc. raised its position in shares of Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock worth $777,000 after purchasing an additional 50 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 437,076 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the sale, the director owned 38,046 shares in the company, valued at approximately $9,603,951.78. This represents a 91.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.60, for a total value of $7,127,860.80. Following the transaction, the director directly owned 28,556 shares of the company’s stock, valued at $4,043,529.60. This trade represents a 63.80% 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. Insiders sold a total of 1,751,274 shares of company stock worth $408,653,013 in the last three months. Insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on SNOW shares. Wells Fargo & Company increased their target price on Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Oppenheimer lifted their price target on shares of Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Rosenblatt Securities raised their price objective on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Needham & Company LLC boosted their price objective on shares of Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $293.53.

Snowflake Price Performance

Shares of SNOW opened at $262.62 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The stock has a market capitalization of $91.02 billion, a P/E ratio of -74.61 and a beta of 1.35. The company has a 50 day moving average of $207.53 and a 200-day moving average of $190.90.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities research analysts forecast that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts and market commentary say Snowflake’s AI Data Cloud is gaining traction, with accelerating adoption, new AI products, customer wins, and partnerships supporting the company’s goal of about 30% revenue growth. Snowflake’s AI Data Cloud Gains Traction: More Upside Ahead?
• Positive Sentiment: Snowflake is also benefiting from continued investor attention around its AI positioning and “trending stock” status, which can help keep momentum strong if the company continues to show execution. Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Another upbeat note highlights Snowflake’s expanding role in enterprise AI readiness, with enterprises increasingly using its platform for secure data access, collaboration, and AI-enabled operations. Snowflake Expands Role in Enterprise AI Readiness
• Positive Sentiment: Recent commentary says Snowflake’s backlog and broader data-opportunity narrative are starting to show results, reinforcing the long-term growth case for investors. Snowflake’s $80 Billion Data Bet Is Starting to Show Results

Snowflake 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.