Northside Capital Management LLC Has $18.32 Million Stock Position in Snowflake Inc. $SNOW

Northside Capital Management LLC cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 17.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,000 shares of the company’s stock after selling 15,550 shares during the period. Snowflake comprises approximately 1.5% of Northside Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Northside Capital Management LLC’s holdings in Snowflake were worth $18,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake in the 4th quarter valued at $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake during the 4th quarter worth $29,000. Basecamp Wealth Advisors LLC increased its holdings in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in shares of Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on SNOW shares. Loop Capital lifted their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upped their price target on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Wedbush increased their price target on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Finally, TD Cowen reiterated a “buy” rating and issued a $300.00 target price on shares of Snowflake in a report on Wednesday, June 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $301.00.

Snowflake Stock Up 0.1%

Shares of Snowflake stock opened at $334.93 on Wednesday. The stock’s 50-day moving average is $264.72 and its 200 day moving average is $202.86. Snowflake Inc. has a one year low of $118.30 and a one year high of $340.50. The firm has a market cap of $116.09 billion, a price-to-earnings ratio of -95.15 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities research analysts anticipate that Snowflake Inc. will post -1.84 EPS for the current year.

Insider Activity at Snowflake

In other news, Director Teresa Briggs sold 343 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $255.11, for a total value of $87,502.73. Following the completion of the sale, the director owned 5,060 shares in the company, valued at $1,290,856.60. The trade was a 6.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the transaction, the executive vice president owned 340,379 shares in the company, valued at $110,623,175. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 2,172,001 shares of company stock worth $535,037,959. Corporate insiders own 4.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Large AWS commitment supports growth prospects. Snowflake agreed to a multiyear, $6 billion commitment with Amazon Web Services, reinforcing expectations that enterprises will use Snowflake’s platform to develop and deploy AI applications. The deal, combined with strong interest in Snowflake’s AI tools ahead of its second-quarter results, has helped drive investor optimism. Snowflake Lands a $6 Billion AWS Deal
• Positive Sentiment: AI security and partner ecosystem are expanding. Snowflake launched Cortex AI Gateway to govern, secure, and coordinate first- and third-party AI agents. Integrations with Alteryx, Aembit, and 1Password further strengthen its AI Data Cloud and security ecosystem, potentially improving customer retention and broadening platform usage. Snowflake’s New AI Security Push
• Positive Sentiment: New integrations and customer adoption support enterprise demand. Alteryx One was added to Snowflake Marketplace, giving customers no-code tools for analytics, workflows, and automation using governed enterprise data. Snowflake also is powering Saudi Arabia’s Zahid Group’s data and AI transformation, offering evidence of continued international and enterprise adoption. Snowflake Added a No-Code AI Data App Snowflake Powers Zahid Group’s Data and AI Transformation
• Neutral Sentiment: Valuation is increasingly debated. Snowflake has delivered a substantial three-year return, and some discounted-cash-flow analysis indicates potential undervaluation. However, market-based valuation multiples and broader comparisons suggest the stock may already be expensive, particularly after its recent rally. Is Snowflake Stock a Bargain?
• Neutral Sentiment: An article about “Snowflake Volunteer” refers to an unrelated Tor Android application, not Snowflake Inc.; it should not affect SNOW shares. Snowflake Volunteer Tor Android App

Snowflake 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.