Capital Investment Services of America Inc. Sells 7,523 Shares of Snowflake Inc. $SNOW

Capital Investment Services of America Inc. lessened its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 7.2% during the 3rd quarter, Holdings Channel reports. The firm owned 96,891 shares of the company’s stock after selling 7,523 shares during the period. Snowflake makes up about 3.1% of Capital Investment Services of America Inc.’s holdings, making the stock its 7th biggest position. Capital Investment Services of America Inc.’s holdings in Snowflake were worth $32,900,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SNOW. Physician Wealth Advisors Inc. grew its holdings in shares of Snowflake by 37.8% in the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock valued at $42,000 after purchasing an additional 34 shares in the last quarter. Nvwm LLC increased its stake in Snowflake by 0.6% during the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after buying an additional 37 shares during the period. Myecfo LLC lifted its holdings in Snowflake by 4.1% during the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after buying an additional 38 shares in the last quarter. Fermata Advisors LLC lifted its holdings in Snowflake by 4.9% during the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after buying an additional 42 shares in the last quarter. Finally, Abel Hall LLC lifted its holdings in Snowflake by 3.8% during the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock worth $404,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced autonomous AI agents and data-engineering tools, plus Business Ontology and expanded governance and audit controls. The features are designed to give enterprise agents trusted business context and automate data-pipeline work, potentially supporting customer adoption and usage growth. Read More. · Read More.
• Neutral Sentiment: USA Cycling selected Snowflake as its AI Data Cloud and collaboration partner. The partnership is a customer-validation point, but the announcement did not disclose its financial value. Read More.
• Negative Sentiment: Sector-wide selling weighed on Snowflake alongside other software names. Recent coverage attributed the broader weakness to concerns about AI-related spending and pressure following results from peers; this points to market sentiment rather than a newly reported Snowflake-specific setback. Read More. · Read More.
• Negative Sentiment: A Seeking Alpha article disclosed a rating downgrade, adding a cautious view of Snowflake’s AI growth story. The provided headline does not specify the downgrade’s rationale. Read More.

Wall Street Analyst Weigh In

Several brokerages have commented on SNOW. Rosenblatt Securities raised their price target on shares of Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Benchmark upped their price objective on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. KeyCorp increased their price objective on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Phillip Securities lowered Snowflake from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, October 12th. Finally, UBS Group boosted their target price on Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Thirty-six 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $413.87.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 300,000 shares of the company’s stock in a transaction on Monday, October 19th. The shares were sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the completion of the transaction, the director owned 19,024 shares in the company, valued at approximately $6,019,764.32. This represents a 94.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 10,074 shares of the company’s stock, valued at $3,525,900. This trade represents a 83.23% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,216,443 shares of company stock valued at $399,926,928. Corporate insiders own 4.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $290.15 on Thursday. The stock’s 50-day moving average is $329.92 and its two-hundred day moving average is $241.01. The firm has a market cap of $102.37 billion, a price-to-earnings ratio of -91.24 and a beta of 1.32. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 EPS. Analysts predict that Snowflake Inc. will post -1.42 earnings per share for the current year.

Snowflake Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.