Traders Purchase Large Volume of Snowflake Call Options (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) was the target of unusually large options trading activity on Friday. Traders purchased 74,733 call options on the company. This represents an increase of approximately 36% compared to the typical volume of 54,972 call options.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research analyst reports. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a report on Thursday. TD Cowen raised their price objective on shares of Snowflake from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Bank of America raised their price objective on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Citizens Jmp reiterated a “market outperform” rating and issued a $325.00 target price on shares of Snowflake in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $283.74.

Insider Buying and Selling at Snowflake

In related news, Director Frank Slootman sold 55,350 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $176.52, for a total transaction of $9,770,382.00. Following the completion of the sale, the director owned 38,046 shares in the company, valued at approximately $6,715,879.92. This trade represents a 59.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 the firm’s stock in a transaction dated 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 $41,763,754.40. This trade represents a 1.40% 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. Insiders have sold a total of 484,313 shares of company stock valued at $81,766,598 in the last three months. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently bought and sold shares of the stock. Kemnay Advisory Services Inc. bought a new stake in Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake during the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC lifted its position in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in 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 during the last quarter. Finally, Emerald Advisers LLC lifted its position in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Price Performance

Shares of SNOW stock traded up $7.82 during trading hours on Friday, reaching $247.02. The stock had a trading volume of 9,680,605 shares, compared to its average volume of 7,197,357. The stock’s fifty day simple moving average is $155.03 and its 200 day simple moving average is $190.49. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake has a 12 month low of $118.30 and a 12 month high of $280.67. The firm has a market capitalization of $85.39 billion, a PE ratio of -70.47 and a beta of 1.08.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.24 earnings per share. Snowflake’s revenue was up 33.5% compared to the same quarter last year. On average, equities research analysts predict that Snowflake will post -2.16 EPS for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales rising 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued momentum from AI and cloud data demand. Article Title
• Positive Sentiment: Snowflake announced a $6 billion AWS commitment tied to Graviton processors and AI infrastructure, which investors see as a major catalyst for its enterprise AI strategy. Article Title
• Positive Sentiment: Analysts turned more bullish after the report, with several firms lifting price targets, reflecting confidence that Snowflake’s AI adoption story has improved. Article Title
• Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents and broadening its AI platform capabilities. Article Title

About Snowflake

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.