Employees Retirement System of Texas Sells 11,940 Shares of Snowflake Inc. $SNOW

Employees Retirement System of Texas trimmed its stake in Snowflake Inc. (NYSE:SNOW) by 48.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,791 shares of the company’s stock after selling 11,940 shares during the period. Employees Retirement System of Texas’ holdings in Snowflake were worth $2,806,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Total Clarity Wealth Management Inc. grew its position in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares during the period. Diligent Investors LLC increased its position in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after purchasing an additional 50 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its position in shares of Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Down 1.7%

NYSE SNOW opened at $174.60 on Thursday. The stock has a fifty day moving average of $153.75 and a 200-day moving average of $190.65. The stock has a market capitalization of $60.36 billion, a P/E ratio of -44.20 and a beta of 1.08. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period last year, the firm earned $0.24 EPS. On average, equities research analysts forecast that Snowflake Inc. will post -2.16 EPS for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 144,650 shares of Snowflake stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total transaction of $25,378,842.50. Following the completion of the sale, the director owned 38,046 shares in the company, valued at $6,675,170.70. The trade was a 79.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 428,963 shares of company stock worth $71,996,216 over the last 90 days. Insiders own 4.80% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat first-quarter expectations, reporting $0.39 EPS versus the $0.32 consensus and revenue of $1.39 billion versus $1.32 billion expected. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling stronger demand from enterprise AI workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, including use of Amazon’s Graviton processors and AI infrastructure, which investors see as a major growth driver for its AI platform. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Management said AI is becoming a clear tailwind, with product revenue growth accelerating and the quarter marking a potential inflection point in demand. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Neutral Sentiment: Snowflake also announced plans to acquire Natoma to strengthen secure connectivity and governance for AI agents, a strategic move that may support longer-term platform adoption. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise
• Negative Sentiment: A newly filed securities class action lawsuit could create headline risk and some investor overhang, though it appears unrelated to the latest operating results. Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Snowflake, Inc. (SNOW)

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SNOW. Cantor Fitzgerald dropped their target price on shares of Snowflake from $250.00 to $225.00 and set an “overweight” rating for the company in a research report on Tuesday. Sanford C. Bernstein dropped their price target on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. DA Davidson dropped their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. KeyCorp restated an “overweight” rating on shares of Snowflake in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company lowered their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $241.51.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.