Snowflake (NYSE:SNOW) Director Sells 50,338 Shares

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Michael Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $353.87, for a total transaction of $17,813,108.06. Following the transaction, the director owned 25,196 shares in the company, valued at approximately $8,916,108.52. This trade represents a 66.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Stock Performance

SNOW stock traded down $4.09 on Wednesday, hitting $331.41. The company’s stock had a trading volume of 4,320,471 shares, compared to its average volume of 6,832,408. The firm has a 50 day moving average of $301.03 and a two-hundred day moving average of $222.85. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The stock has a market cap of $114.87 billion, a price-to-earnings ratio of -104.22 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.

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Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. Snowflake’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. Equities analysts predict that Snowflake Inc. will post -1.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after buying an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake in the second quarter valued at approximately $221,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after acquiring an additional 1,521 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Loop Capital boosted their price target on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Truist Financial set a $425.00 price objective on Snowflake and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Monness Crespi & Hardt lifted their target price on Snowflake from $380.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Rosenblatt Securities boosted their target price on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. upped their price target on Snowflake from $285.00 to $426.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

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Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI-powered growth is accelerating. Snowflake reported 37% year-over-year product-revenue growth, a 126% net revenue retention rate, and results above consensus for revenue and adjusted EPS. Management’s increased guidance and comments about an AI-driven “flywheel effect” suggest customers may expand spending on Snowflake’s AI Data Cloud and Cortex AI services. Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI
• Positive Sentiment: Enterprise adoption and high-margin software economics support the bull case. Coverage highlights robust free cash flow, expanding AI services, and Snowflake’s efforts to strengthen its position in cloud analytics against larger competitors such as Oracle and Dell Technologies. The CEO also argued that software companies can adapt to the AI era by using AI to drive additional customer usage and revenue. Snowflake CEO: AI is unleashing a flywheel effect on our business
• Neutral Sentiment: Snowflake is increasingly viewed as a key software beneficiary of the AI trade. Analysts and market commentators have pointed to the company’s earnings beat, cloud-consumption growth, and AI strategy as reasons for optimism. However, the stock’s response is being compared with pullbacks in other AI beneficiaries, including Broadcom and Credo, showing that strong results alone may not satisfy investors when expectations are already elevated. What Investors Need To Understand About Broadcom, Credo and Snowflake Earnings
• Negative Sentiment: Valuation is the principal risk. One analysis estimates Snowflake trades at roughly 152 times expected fiscal 2027 earnings, while the bullish case assumes a premium valuation near 20 times revenue. That leaves limited room for execution disappointments, slower consumption growth, margin concerns, or a broader cooling of AI enthusiasm. Snowflake’s Growth Is Accelerating. So Is the Valuation Risk

About Snowflake

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Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.

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