Snowflake (NYSE:SNOW) CAO Sells $255,690.24 in Stock

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 768 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total value of $255,690.24. Following the sale, the chief accounting officer owned 39,958 shares in the company, valued at approximately $13,303,216.94. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Emily Ho also recently made the following trade(s):

• On Wednesday, June 24th, Emily Ho sold 1,860 shares of Snowflake stock. The stock was sold at an average price of $232.25, for a total transaction of $431,985.00.

Snowflake Price Performance

Shares of SNOW stock traded up $7.28 during trading hours on Wednesday, reaching $330.26. The stock had a trading volume of 3,757,358 shares, compared to its average volume of 5,277,960. The stock’s fifty day simple moving average is $307.79 and its 200 day simple moving average is $228.50. The firm has a market capitalization of $116.52 billion, a PE ratio of -103.85 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 current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last posted its earnings results 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. Snowflake’s revenue was up 35.1% on a year-over-year basis. On average, equities research analysts predict that Snowflake Inc. will post -1.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SNOW. HSBC set a $289.00 price objective on Snowflake and gave the stock a “buy” rating in a research report on Friday, May 29th. Cantor Fitzgerald upped their target price on Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Royal Bank Of Canada raised their price target on Snowflake from $372.00 to $440.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Citizens Jmp lifted their price target on Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. Finally, Benchmark boosted their price objective on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new stake in Snowflake during the fourth quarter worth about $32,000. Copos Capital S.a r.l. bought a new position in shares of Snowflake during the 4th quarter valued at about $35,000. SHP Wealth Management purchased a new position in shares of Snowflake during the 4th quarter valued at about $39,000. Basecamp Wealth Advisors LLC raised its holdings in shares of Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Finally, Emerald Advisers LLC lifted its position in Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

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.