Snowflake Inc. $SNOW Stock: Simplicity Wealth LLC Boosts Holdings

Simplicity Wealth LLC lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 93.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,346 shares of the company’s stock after buying an additional 1,620 shares during the period. Simplicity Wealth LLC’s holdings in Snowflake were worth $1,136,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sowell Financial Services LLC increased its position in shares of Snowflake by 22.0% during the 3rd quarter. Sowell Financial Services LLC now owns 3,042 shares of the company’s stock worth $1,033,000 after purchasing an additional 549 shares during the last quarter. Evergreen Capital Management LLC raised its stake in shares of Snowflake by 10.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 935 shares of the company’s stock worth $317,000 after purchasing an additional 86 shares in the last quarter. Gibbs Wealth Management bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $378,000. Yousif Capital Management LLC raised its stake in shares of Snowflake by 4.4% during the 3rd quarter. Yousif Capital Management LLC now owns 4,541 shares of the company’s stock worth $1,542,000 after purchasing an additional 192 shares in the last quarter. Finally, BIP Wealth LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at approximately $255,000. Institutional investors own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle partnership expands distribution: Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure. The integration gives enterprise customers more flexibility to deploy data and AI workloads and could broaden Snowflake’s reach and usage. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the primary catalyst: Rising customer adoption, AI-driven growth and an upbeat fiscal 2027 outlook are supporting the view that Snowflake can compete effectively with larger cloud and infrastructure companies such as Broadcom and Oracle. Snowflake also claims its AI model-routing technology can improve token efficiency. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion and ecosystem activity: Snowflake announced a projected $300 million investment in Saudi Arabia operations, while third-party applications such as Jade Global’s OmniLens AI and Optimove’s zero-copy audience tools are expanding use cases on the Snowflake platform. These developments may support future workloads and customer retention. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst sentiment is supportive but not conclusive: The average analyst price target implies approximately 28% upside, and some strategists prefer Snowflake among AI-related software names. However, consensus targets and brokerage recommendations are imperfect indicators and may already be reflected in the recent rally. How Much Upside is Left in Snowflake
• Negative Sentiment: Valuation and insider selling warrant caution: Despite improved growth expectations, Snowflake remains unprofitable on a trailing basis, and reports of insider share sales could weigh on sentiment. The stock also trades near the upper end of its 12-month range, leaving it sensitive to any slowdown in AI demand or weaker guidance. Insiders Are Selling These 5 AI Stocks

Snowflake Stock Performance

NYSE:SNOW opened at $337.55 on Wednesday. The stock’s 50 day moving average price is $331.81 and its two-hundred day moving average price is $238.20. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. Equities analysts predict that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several analyst reports. Citigroup raised their target price on shares of Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Phillip Securities lowered shares of Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, October 12th. Evercore reiterated an “outperform” rating and issued a $430.00 price target on shares of Snowflake in a research note on Thursday, September 3rd. Wells Fargo & Company increased their price target on shares of Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Finally, BTIG Research lifted their price objective on shares of Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirty-six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $413.87.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 300,000 shares of the firm’s stock in a transaction on Monday, October 19th. The stock was sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the completion of the sale, the director owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This trade represents a 94.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the transaction, the executive vice president directly owned 313,738 shares of the company’s stock, valued at approximately $107,163,488.66. This trade represents a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,246,429 shares of company stock worth $408,832,628 in the last quarter. Company insiders own 4.80% of the company’s stock.

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.