Glynn Capital Management LLC Reduces Stock Position in Snowflake Inc. $SNOW

Glynn Capital Management LLC lessened its holdings in Snowflake Inc. (NYSE:SNOW) by 12.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,147 shares of the company’s stock after selling 10,812 shares during the period. Snowflake accounts for 5.9% of Glynn Capital Management LLC’s holdings, making the stock its 7th biggest position. Glynn Capital Management LLC’s holdings in Snowflake were worth $17,142,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC raised its holdings in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the period. Intech Investment Management LLC raised its holdings in Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. raised its holdings in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Flow Traders U.S. LLC bought a new position in Snowflake in the 2nd quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company raised 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 valued at $5,055,000 after acquiring an additional 1,521 shares during the period. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $239.22 on Friday. The company’s 50 day moving average price is $155.03 and its two-hundred day moving average price is $190.49. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The firm has a market cap of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNOW. Rosenblatt Securities increased their price target on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday. Benchmark increased their price target on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler set a $300.00 price target on shares of Snowflake in a report on Thursday. Barclays increased their price target on shares of Snowflake from $192.00 to $272.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, UBS Group increased their target price on shares of Snowflake from $210.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $283.74.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president owned 533,494 shares in the company, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $141.59, for a total transaction of $57,060.77. Following the sale, the director owned 22,509 shares in the company, valued at $3,187,049.31. This represents a 1.76% 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. Insiders have sold a total of 484,313 shares of company stock worth $81,766,598 in the last three months. Company insiders own 4.80% of the company’s stock.

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.