ORG Partners LLC Has $387,000 Stock Holdings in Snowflake Inc. $SNOW

ORG Partners LLC lowered its position in Snowflake Inc. (NYSE:SNOW) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,791 shares of the company’s stock after selling 294 shares during the period. ORG Partners LLC’s holdings in Snowflake were worth $387,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of SNOW. Brighton Jones LLC lifted its holdings in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Wellington Management Group LLP raised its position in Snowflake by 1,325.2% in the 4th quarter. Wellington Management Group LLP now owns 108,527 shares of the company’s stock worth $16,758,000 after purchasing an additional 100,912 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Snowflake by 77.4% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 337 shares of the company’s stock valued at $49,000 after buying an additional 147 shares during the period. Central Pacific Bank Trust Division bought a new position in shares of Snowflake in the first quarter worth approximately $531,000. Finally, Versant Capital Management Inc increased its holdings in Snowflake by 134.3% during the first quarter. Versant Capital Management Inc now owns 403 shares of the company’s stock valued at $59,000 after buying an additional 231 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Evercore ISI increased their price objective on shares of Snowflake from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Monness Crespi & Hardt upped their target price on shares of Snowflake from $245.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, August 28th. Cantor Fitzgerald upped their target price on shares of Snowflake from $242.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. Raymond James Financial increased their price target on shares of Snowflake from $212.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Finally, Needham & Company LLC raised their target price on Snowflake from $230.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $255.53.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $224.84, for a total value of $90,610.52. Following the completion of the sale, the director owned 25,733 shares in the company, valued at $5,785,807.72. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 7,551 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $221.24, for a total value of $1,670,583.24. Following the completion of the sale, the director directly owned 153,226 shares of the company’s stock, valued at $33,899,720.24. The trade was a 4.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,469,296 shares of company stock worth $553,371,035. Company insiders own 6.80% of the company’s stock.

Snowflake Stock Up 1.4%

Shares of SNOW stock opened at $224.64 on Friday. The company has a market capitalization of $76.11 billion, a price-to-earnings ratio of -54.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.48 and a current ratio of 1.48. Snowflake Inc. has a twelve month low of $108.71 and a twelve month high of $249.99. The stock’s 50 day simple moving average is $214.29 and its 200 day simple moving average is $193.22.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.08. Snowflake had a negative return on equity of 42.98% and a negative net margin of 33.53%.The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. As a group, research analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Snowflake Company 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.