<div id="readability-page-1"><p>Pandora Wealth Inc. bought a new position in shares of  Snowflake Inc. (NYSE:SNOW - Free Report) during the first quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The fund bought 2,500 shares of the company's stock, valued at approximately $365,000.</p><ul><li>Top 5 Stocks for July: Momentum-Driven Picks to Watch Now</li></ul><p>A number of other institutional investors and hedge funds also recently modified their holdings of SNOW. Vanguard Group Inc. raised its position in  Snowflake by 1.2% during the first quarter. Vanguard Group Inc. now owns 27,194,208 shares of the company's stock valued at $3,974,705,000 after buying an additional 316,573 shares during the period.  Price T Rowe Associates Inc. MD raised its position in  Snowflake by 124.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,968,755 shares of the company's stock valued at $612,817,000 after buying an additional 2,200,406 shares during the period.  Goldman Sachs Group Inc. raised its position in  Snowflake by 22.2% during the first quarter. Goldman Sachs Group Inc. now owns 3,587,114 shares of the company's stock valued at $524,293,000 after buying an additional 650,775 shares during the period.  Baillie Gifford &amp; Co. raised its position in  Snowflake by 8.2% during the first quarter. Baillie Gifford &amp; Co. now owns 2,928,696 shares of the company's stock valued at $428,058,000 after buying an additional 222,920 shares during the period.  Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in  Snowflake by 16.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,253,476 shares of the company's stock valued at $347,959,000 after buying an additional 317,697 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds. </p><h2>Insider Transactions at Snowflake</h2><p>In other Snowflake news, Director Teresa Briggs sold 1,146 shares of the firm's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $217.74, for a total value of $249,530.04. Following the completion of the sale, the director owned 4,474 shares in the company, valued at approximately $974,168.76. This trade represents a 20.39% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 256,046 shares of the stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $227.15, for a total value of $58,160,848.90. Following the completion of the transaction, the director directly owned 165,507 shares of the company's stock, valued at approximately $37,594,915.05. The trade was a 60.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,014,642 shares of company stock worth $657,325,186 over the last 90 days. Insiders own  6.80% of the company's stock. </p><h2>Snowflake Price Performance</h2><ul><li>Snowflake Hits 52-Week High—Options Traders Bet on Further Rally</li></ul><p>Shares of NYSE:SNOW opened at $191.94 on Friday. The business has a 50 day moving average price of $213.98 and a 200 day moving average price of $183.92. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake Inc. has a twelve month low of $107.13 and a twelve month high of $229.27. The company has a market cap of $64.08 billion, a price-to-earnings ratio of -45.59 and a beta of 1.22. </p><p>Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative return on equity of 37.75% and a negative net margin of 36.43%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.14 EPS. The company's quarterly revenue was up 25.8% on a year-over-year basis.  Research analysts predict that  Snowflake Inc. will post -2.36 earnings per share for the current year. </p><h2>Wall Street Analyst Weigh In</h2><ul><li>Q2’s Most Upgraded Stocks (And No, NVIDIA’s Not on the List)</li></ul><p>Several research firms recently weighed in on SNOW. Stephens began coverage on Snowflake in a research report on Friday, July 18th. They set an &#34;overweight&#34; rating and a $261.00 price target on the stock. KeyCorp  reissued an &#34;overweight&#34; rating on shares of Snowflake in a research report on Wednesday, June 25th. Needham &amp; Company LLC  reissued a &#34;buy&#34; rating and set a $230.00 price target on shares of Snowflake in a research report on Thursday, June 5th. JMP Securities upped their price target on Snowflake from $245.00 to $260.00 and gave the company a &#34;market outperform&#34; rating in a research report on Friday, July 18th. Finally, Morgan Stanley started coverage on Snowflake in a research note on Tuesday, June 24th. They issued an &#34;overweight&#34; rating and a $262.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned  a hold rating, thirty-three have given a buy rating and three have issued  a strong buy rating to the company. Based on data from MarketBeat, Snowflake  has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $226.73.</p><p><b>Read Our Latest Stock Analysis on Snowflake</b></p><h2>About Snowflake</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Snowflake</li><li>3 Monster Growth Stocks to Buy Now</li><li>MarketBeat Week in Review – 08/04 - 08/08</li><li>Market Cap Calculator: How to Calculate Market Cap</li><li>Airbnb Beats Earnings, But the Growth Story Is Losing Altitude</li><li>3 Home Improvement Stocks that Can Upgrade Your Portfolio</li><li>Netflix Bulls vs. Bears: Who Wins This Pullback?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOT1c?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOT1c"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Snowflake Right Now?</h2><p>Before you consider Snowflake, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.</p><p>While Snowflake currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SNOW

<p>Pandora Wealth Inc. has invested $365,000 in Snowflake Inc. (NYSE:SNOW) by acquiring 2,500 shares during the first quarter. Other institutional investors, including Vanguard Group and Goldman Sachs, have also increased their holdings in Snowflake. Insider transactions revealed significant stock sales by directors, with insiders selling over 3 million shares in the last 90 days. Snowflake's stock performance shows a 52-week high of $229.27, with a current market cap of $64.08 billion. The company reported a quarterly revenue of $1.04 billion, exceeding estimates, and analysts predict a negative EPS for the current year.</p>

Pandora Wealth Inc. Invests $365,000 in Snowflake Inc. (NYSE:SNOW)