Insider Selling: Snowflake (NYSE:SNOW) CRO Sells $253,951.80 in Stock

Snowflake Inc. (NYSE:SNOW – Get Free Report) CRO Jonathan Beaulier sold 755 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total value of $253,951.80. Following the completion of the sale, the executive owned 211,619 shares of the company’s stock, valued at $71,180,166.84. This trade represents a 0.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jonathan Mead Beaulier also recently made the following trade(s):

  • On Wednesday, September 16th, Jonathan Beaulier sold 12,292 shares of Snowflake stock. The shares were sold at an average price of $336.12, for a total value of $4,131,587.04.

Snowflake Stock Down 0.2%

Shares of NYSE:SNOW traded down $0.57 during trading on Thursday, hitting $334.24. 2,793,432 shares of the company’s stock traded hands, compared to its average volume of 6,665,277. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a 50-day moving average price of $315.82 and a 200-day moving average price of $235.45. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a market cap of $117.92 billion, a price-to-earnings ratio of -105.11 and a beta of 1.33.

Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.Snowflake’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. As a group, research analysts forecast that Snowflake Inc. will post -1.57 EPS for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

  • Positive Sentiment: Tributary Capital Management said Snowflake’s profit outlook is strengthening as product adoption accelerates. The investment letter supports the bullish case that broader use of Snowflake’s data and AI platform can improve earnings prospects. Snowflake’s Profit Outlook Strengthens as Product Adoption Accelerates
  • Positive Sentiment: Zacks upgraded SNOW to Rank #2, or “Buy,” citing improving earnings expectations. The upgrade may provide near-term support, although it is an analyst opinion rather than new company guidance. Zacks upgrade
  • Positive Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and giving customers new database-governance capabilities. The announcement is strategically positive but likely has limited immediate financial impact. Liquibase Secure on Snowflake Marketplace
  • Neutral Sentiment: Snowflake is slipping alongside weakness in parts of the cloud group, particularly as Oracle’s sharp decline weighs on sentiment toward cloud and technology stocks. Cloud-sector selloff
  • Negative Sentiment: Director Frank Slootman sold 300,000 shares for roughly $100.3 million across September 18 and 21, cutting his direct ownership by more than 84%. The trades were made under a pre-arranged plan, but their size may increase profit-taking concerns. Frank Slootman SEC filing
  • Negative Sentiment: EVP Christian Kleinerman sold 2,622 shares worth approximately $903,000 to cover tax withholding on vested equity awards. Because the sale was tax-related and reduced his holdings by only 0.79%, it is a relatively modest bearish signal. Christian Kleinerman insider sale
  • Negative Sentiment: Investors remain focused on whether Snowflake is sacrificing margins to sustain growth. That concern is relevant after its strong recent performance and elevated valuation, despite the company’s latest quarterly revenue growth and earnings beat. Snowflake growth and margin analysis

Wall Street Analyst Weigh In

SNOW has been the topic of a number of research analyst reports. Jefferies Financial Group set a $430.00 price objective on shares of Snowflake and gave the stock a “buy” rating in a report on Thursday, September 3rd. TD Cowen increased their target price on Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. DA Davidson boosted their price target on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Citigroup upped their price objective on Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Citizens Jmp lifted their target price on Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $414.24.

View Our Latest Report on Snowflake

Institutional Investors Weigh In On Snowflake

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNOW. QRG Capital Management Inc. grew its holdings in shares of Snowflake by 67.9% in the 2nd quarter. QRG Capital Management Inc. now owns 82,137 shares of the company’s stock valued at $20,904,000 after acquiring an additional 33,218 shares in the last quarter. Silicon Valley Capital Partners raised its holdings in Snowflake by 15.2% during the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock worth $15,801,000 after acquiring an additional 8,208 shares in the last quarter. Wellington Altus USA Inc. bought a new stake in Snowflake during the second quarter worth about $102,000. Anchor Investment Management LLC acquired a new position in Snowflake during the second quarter valued at approximately $76,000. Finally, Sequoia Financial Advisors LLC boosted its position in Snowflake by 14.2% during the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company’s stock valued at $10,078,000 after purchasing an additional 4,927 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Snowflake Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Snowflake (NYSE:SNOW)

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