Grant Private Wealth Management Inc Sells 5,053 Shares of Snowflake Inc. $SNOW

Grant Private Wealth Management Inc cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 67.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,392 shares of the company’s stock after selling 5,053 shares during the quarter. Grant Private Wealth Management Inc’s holdings in Snowflake were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the 4th quarter worth about $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake in the fourth quarter worth approximately $29,000. Basecamp Wealth Advisors LLC grew its stake in shares of Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after acquiring an additional 118 shares during the period. Physician Wealth Advisors Inc. grew its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the period. Finally, Emerald Advisers LLC raised its holdings in shares of 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 News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI-driven rally and analyst support: Snowflake shares benefited from a broader risk-on move in AI and cloud stocks, alongside growing optimism about the company’s AI business. BTIG raised its price target from $325 to $340 and maintained a “Buy” rating, implying additional upside from recent levels. AI cloud stocks rise Analyst forecasts
• Positive Sentiment: Expanded marketplace ecosystem: Alteryx launched Alteryx One on the Snowflake Marketplace, offering governed, in-place analytics for business teams. The integration may support Snowflake’s data-cloud adoption and strengthen its position in enterprise AI and analytics. Alteryx One launches on Snowflake Marketplace
• Neutral Sentiment: Upcoming earnings event: Snowflake said it will report fiscal second-quarter 2027 financial results on September 2, giving investors a near-term catalyst to assess consumption growth, margins and AI monetization. Snowflake earnings announcement
• Negative Sentiment: Insider and institutional selling: Cathie Wood’s funds sold approximately $5.5 million to $5.7 million of Snowflake shares after the stock’s recent surge. Separately, EVP Christian Kleinerman sold 29,986 shares worth nearly $9 million under a pre-arranged Rule 10b5-1 plan. While the sales do not necessarily signal deteriorating fundamentals, they could weigh on sentiment and highlight profit-taking at elevated prices. Cathie Wood Snowflake sale Snowflake executive stock sale filing
• Negative Sentiment: Valuation concerns: Commentary remains bullish on Snowflake’s customer growth and AI push but warns that its premium valuation, margin pressure and intensifying competition leave limited room for execution disappointments. Snowflake premium valuation analysis

Analysts Set New Price Targets

SNOW has been the topic of several research reports. Loop Capital raised their target price on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings lowered shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Wells Fargo & Company restated an “overweight” rating on shares of Snowflake in a research note on Wednesday, July 29th. The Goldman Sachs Group lifted their price objective on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, BTIG Research upped their price objective on Snowflake from $325.00 to $340.00 and gave the company a “buy” rating in a research report on Monday. Thirty-four investment 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. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $296.68.

Snowflake Stock Up 3.3%

Shares of SNOW stock opened at $317.55 on Wednesday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $321.31. The stock has a market cap of $110.06 billion, a P/E ratio of -90.21 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a 50 day simple moving average of $256.24 and a two-hundred day simple moving average of $198.68.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share 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 the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, research analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Frank Slootman sold 10,315 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $275.10, for a total value of $2,837,656.50. Following the transaction, the director directly owned 28,535 shares of the company’s stock, valued at approximately $7,849,978.50. This trade represents a 26.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 20,000 shares of Snowflake stock in a transaction on Friday, July 31st. The shares were sold at an average price of $300.00, for a total value of $6,000,000.00. Following the transaction, the executive vice president owned 375,379 shares in the company, valued at $112,613,700. This trade represents a 5.06% 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. Over the last quarter, insiders have sold 2,081,260 shares of company stock valued at $505,874,831. 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.