Snowflake Inc. $SNOW Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its stake in shares of Snowflake Inc. (NYSE:SNOW) by 31.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 19,978 shares of the company’s stock after acquiring an additional 4,736 shares during the period. IFP Advisors Inc’s holdings in Snowflake were worth $5,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SNOW. Baird Financial Group Inc. lifted its stake in shares of Snowflake by 2.3% in the second quarter. Baird Financial Group Inc. now owns 32,876 shares of the company’s stock valued at $8,367,000 after purchasing an additional 748 shares during the period. Stableford Capital II LLC boosted its holdings in Snowflake by 6.9% during the second quarter. Stableford Capital II LLC now owns 4,068 shares of the company’s stock worth $1,035,000 after buying an additional 262 shares in the last quarter. Arizona State Retirement System grew its position in Snowflake by 3.3% during the second quarter. Arizona State Retirement System now owns 91,129 shares of the company’s stock worth $23,192,000 after buying an additional 2,915 shares during the period. West Family Investments Inc. acquired a new position in Snowflake during the second quarter worth about $476,000. Finally, Waverly Advisors LLC increased its holdings in Snowflake by 13.8% in the second quarter. Waverly Advisors LLC now owns 6,083 shares of the company’s stock valued at $1,548,000 after buying an additional 737 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

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

Insider Buying and Selling

In other news, Director Frank Slootman sold 48,990 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the completion of the transaction, the director directly owned 28,535 shares of the company’s stock, valued at $9,153,457.30. The trade was a 63.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $380.00, for a total value of $3,800,000.00. Following the completion of the sale, the executive vice president owned 18,568 shares in the company, valued at $7,055,840. This represents a 35.00% decrease in their ownership of the stock. 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 1,229,172 shares of company stock worth $352,770,188 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson lifted their price target on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $400.00 price target on Snowflake in a report on Thursday, September 3rd. Stifel Nicolaus raised their price objective on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Citigroup lifted their price objective on Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Sanford C. Bernstein boosted their target price on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Snowflake Stock Down 1.2%

Shares of NYSE SNOW opened at $331.41 on Thursday. The firm’s 50-day moving average is $302.45 and its two-hundred day moving average is $223.92. The company has a market capitalization of $114.87 billion, a PE ratio of -104.22 and a beta of 1.33. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. 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 issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $0.35 EPS. The company’s revenue was up 35.1% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -1.62 EPS for the current fiscal year.

Snowflake Company Profile

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.