Snowflake Inc. $SNOW Shares Sold by Brighton Jones LLC

Brighton Jones LLC lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 6.9% during the third quarter, Holdings Channel.com reports. The firm owned 75,157 shares of the company’s stock after selling 5,608 shares during the quarter. Brighton Jones LLC’s holdings in Snowflake were worth $25,520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physician Wealth Advisors Inc. increased its stake in shares of Snowflake by 37.8% during the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Nvwm LLC boosted its position in shares of Snowflake by 0.6% in the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after purchasing an additional 37 shares in the last quarter. Myecfo LLC grew its stake in shares of Snowflake by 4.1% in the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after buying an additional 38 shares during the last quarter. Fermata Advisors LLC grew its stake in shares of Snowflake by 4.9% in the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after buying an additional 42 shares during the last quarter. Finally, Abel Hall LLC grew its stake in shares of Snowflake by 3.8% in the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock worth $404,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 2.5%

Snowflake stock opened at $276.32 on Friday. The firm has a market cap of $97.48 billion, a price-to-earnings ratio of -86.89 and a beta of 1.32. The stock has a fifty day simple moving average of $327.95 and a two-hundred day simple moving average of $241.66. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. 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 (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate 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 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 quarter in the previous year, the business earned $0.35 earnings per share. Equities analysts predict that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled tools aimed at moving enterprise AI agents from pilot projects into production, including features for business context, governance and automating data-engineering work. These offerings could encourage adoption and increase customer usage. Snowflake unveils innovations for the agentic enterprise
• Positive Sentiment: Recent commentary points to AI adoption, customer growth and raised revenue guidance as drivers of Snowflake’s strong year-to-date performance. Another bullish analysis argues that accelerating revenue growth may be underappreciated, though its optimistic price outlook depends on the valuation multiple investors assign the company. Zacks on Snowflake’s growth and valuation · Wall Street may be underestimating Snowflake’s growth potential
• Neutral Sentiment: Former Snowflake revenue chief Mike Gannon is joining AI infrastructure startup Spectro Cloud. The report concerns a former executive and does not describe a change to Snowflake’s operations or outlook. Former Snowflake revenue chief joins Spectro Cloud
• Negative Sentiment: Valuation remains a risk: coverage notes that Snowflake trades at a premium, leaving the stock sensitive to whether its AI-fueled growth can justify expectations. Executive Vice President Christian Kleinerman also sold 10,000 shares for about $3.06 million; the sale was under a pre-arranged trading plan, and he retained more than 303,000 shares. Snowflake executive stock sale

Insiders Place Their Bets

In other Snowflake news, CRO Jonathan Beaulier sold 755 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the transaction, the executive owned 211,619 shares in the company, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 300,000 shares of the company’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the transaction, the director owned 19,024 shares in the company, valued at $6,019,764.32. This represents a 94.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,135,702 shares of company stock valued at $373,733,800. 4.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SNOW has been the subject of a number of analyst reports. Oppenheimer raised their price objective on Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Robert W. Baird set a $450.00 price target on shares of Snowflake in a research note on Thursday, September 3rd. Piper Sandler reiterated an “overweight” rating and issued a $450.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Raymond James Financial increased their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Finally, Bank of America upped their target price on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Thirty-six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $413.87.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services.

Snowflake’s platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.

Founded in 2012, Snowflake went public in 2020.