Snowflake (NYSE:SNOW) Director Mark Garrett Sells 50,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Mark Garrett sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the sale, the director owned 10,074 shares of the company’s stock, valued at approximately $3,525,900. The trade was a 83.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Snowflake Stock Down 1.2%

Shares of NYSE SNOW opened at $331.41 on Thursday. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56. The business’s fifty day moving average price is $302.45 and its 200-day moving average price is $223.92. The stock has a market capitalization of $114.87 billion, a PE ratio of -104.22 and a beta of 1.33. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts anticipate that Snowflake Inc. will post -1.62 EPS for the current year.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC increased its position in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake during the second quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Snowflake by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after buying an additional 1,521 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SNOW shares. Bank of America boosted their price target on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. TD Cowen upped their price objective on shares of Snowflake from $370.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Scotiabank restated a “sector outperform” rating and set a $440.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Benchmark raised their target price on shares of Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Finally, Weiss Ratings downgraded shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. 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 MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $414.24.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Accelerating growth and strong guidance: Snowflake reported 37% year-over-year product-revenue growth, a 126% net revenue retention rate, and quarterly revenue and adjusted EPS above consensus expectations. The company also raised guidance, reinforcing expectations for continued growth. Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI
• Positive Sentiment: AI is becoming a growth catalyst: Management says customers are increasingly paying for additional AI services, creating a potential “flywheel” of greater data usage and consumption. Demand for Cortex AI and other high-margin offerings is supporting the bullish case for Snowflake’s cloud analytics expansion. Snowflake CEO: AI is unleashing a flywheel effect on our business
• Positive Sentiment: Investor focus remains favorable: Commentary on the AI trade highlighted Snowflake’s accelerating cloud consumption and software economics, while contrasting its performance with pullbacks in some AI hardware names. Snowflake’s enterprise adoption also strengthens its competitive positioning against Dell Technologies and Oracle. What Investors Need To Understand About Broadcom, Credo and Snowflake Earnings
• Neutral Sentiment: Snowflake executives continued outlining how software companies can adapt to the AI era at recent media appearances and the Goldman Sachs Communacopia + Technology Conference. These discussions provided strategic context but introduced no major new financial disclosure. Snowflake Communacopia Conference Transcript
• Negative Sentiment: Valuation risk is significant: Despite improving growth, Snowflake’s shares trade at a very demanding multiple—reported at roughly 152 times expected fiscal 2027 earnings—leaving the stock vulnerable if growth or AI monetization slows. Snowflake’s Growth Is Accelerating. So Is the Valuation Risk
• Negative Sentiment: Director sale adds a signaling concern: Director Michael Speiser sold approximately 50,741 shares for about $18.0 million, reducing his reported holdings substantially. The transactions occurred under a pre-arranged Rule 10b5-1 plan, which makes them less indicative of a discretionary bearish view, but the size may still weigh on sentiment. SEC insider transaction filing

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.