Insider Selling: Snowflake (NYSE:SNOW) CRO Sells 12,292 Shares of Stock

Snowflake Inc. (NYSE:SNOW) CRO Jonathan Beaulier sold 12,292 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $336.12, for a total value of $4,131,587.04. Following the completion of the transaction, the executive owned 213,085 shares in the company, valued at $71,622,130.20. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, June 22nd, Jonathan Beaulier sold 9,367 shares of Snowflake stock. The stock was sold at an average price of $231.98, for a total value of $2,172,956.66.

Snowflake Trading Up 2.3%

Shares of SNOW traded up $7.28 during trading hours on Wednesday, hitting $330.26. 3,757,358 shares of the stock traded hands, compared to its average volume of 5,277,960. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The firm has a market capitalization of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33. The business has a fifty day moving average of $307.79 and a 200-day moving average of $228.50.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS 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 analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. Analysts expect that Snowflake Inc. will post -1.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SNOW shares. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Thursday, September 3rd. Truist Financial set a $425.00 target price on shares of Snowflake and gave the stock a “buy” rating in a report on Thursday, September 3rd. Citizens Jmp upped their target price on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. Bank of America increased their price target on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Cantor Fitzgerald raised their price target on Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new position in shares of Snowflake during the 2nd quarter worth $76,000. Sequoia Financial Advisors LLC grew its position in Snowflake by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company’s stock valued at $10,078,000 after acquiring an additional 4,927 shares during the last quarter. MCF Advisors LLC grew its position in Snowflake by 1,557.9% in the second quarter. MCF Advisors LLC now owns 315 shares of the company’s stock valued at $80,000 after acquiring an additional 296 shares during the last quarter. National Pension Service raised its stake in Snowflake by 3.3% during the second quarter. National Pension Service now owns 690,349 shares of the company’s stock worth $175,694,000 after acquiring an additional 21,915 shares in the last quarter. Finally, Engineers Gate Manager LP raised its stake in Snowflake by 434.3% during the second quarter. Engineers Gate Manager LP now owns 156,869 shares of the company’s stock worth $39,923,000 after acquiring an additional 127,511 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

About Snowflake

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.