Werba Rubin Papier Wealth Management Purchases 237 Shares of Snowflake Inc. (NYSE:SNOW)

Werba Rubin Papier Wealth Management lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,494 shares of the company’s stock after purchasing an additional 237 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Snowflake were worth $1,090,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LRI Investments LLC raised its stake in shares of Snowflake by 155.6% in the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after buying an additional 112 shares during the period. Wellington Shields Capital Management LLC purchased a new position in Snowflake during the second quarter valued at approximately $27,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake in the third quarter worth approximately $30,000. Riverview Trust Co purchased a new stake in shares of Snowflake in the first quarter worth $31,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Snowflake in the first quarter worth $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 1,606 shares of Snowflake stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $109.96, for a total transaction of $176,595.76. Following the completion of the sale, the director now directly owns 218,246 shares of the company’s stock, valued at $23,998,330.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $120.00, for a total value of $1,800,000.00. Following the transaction, the executive vice president now owns 718,773 shares in the company, valued at $86,252,760. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 1,606 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $109.96, for a total transaction of $176,595.76. Following the sale, the director now directly owns 218,246 shares of the company’s stock, valued at approximately $23,998,330.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 59,538 shares of company stock valued at $7,049,994 over the last quarter. 7.80% of the stock is owned by corporate insiders.

Snowflake Trading Up 0.4 %

NYSE:SNOW opened at $119.54 on Friday. The company has a market cap of $40.02 billion, a price-to-earnings ratio of -42.69 and a beta of 0.83. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $237.72. The stock has a fifty day simple moving average of $116.65 and a 200-day simple moving average of $133.15.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, August 21st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $868.80 million during the quarter, compared to analyst estimates of $851.72 million. Snowflake had a negative net margin of 31.73% and a negative return on equity of 19.62%. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.52) EPS. As a group, equities research analysts predict that Snowflake Inc. will post -2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Loop Capital dropped their target price on shares of Snowflake from $225.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, August 21st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Snowflake in a research note on Wednesday, October 2nd. Morgan Stanley reissued an “equal weight” rating and set a $175.00 target price on shares of Snowflake in a research note on Thursday, August 22nd. Jefferies Financial Group dropped their price target on Snowflake from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, DA Davidson reiterated a “buy” rating and set a $175.00 price objective on shares of Snowflake in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.74.

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.