WD Rutherford LLC Sells 2,241 Shares of Snowflake Inc. $SNOW

WD Rutherford LLC reduced its position in Snowflake Inc. (NYSE:SNOW) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,466 shares of the company’s stock after selling 2,241 shares during the quarter. Snowflake makes up 2.2% of WD Rutherford LLC’s portfolio, making the stock its 13th largest holding. WD Rutherford LLC’s holdings in Snowflake were worth $5,931,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SNOW. Janus Henderson Group PLC increased its holdings in Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after buying an additional 544,960 shares during the period. Swedbank AB lifted its holdings in shares of Snowflake by 24.0% during the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after acquiring an additional 319,356 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Snowflake by 76.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after acquiring an additional 509,230 shares during the period. Swiss National Bank boosted its position in shares of Snowflake by 7.1% during the 1st quarter. Swiss National Bank now owns 944,600 shares of the company’s stock valued at $142,465,000 after acquiring an additional 62,600 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Snowflake by 134.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock valued at $268,351,000 after acquiring an additional 453,342 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

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

Shares of NYSE:SNOW opened at $337.55 on Wednesday. The company’s fifty day moving average is $331.81 and its 200-day moving average is $238.20. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. As a group, equities research analysts anticipate that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Frank Slootman sold 300,000 shares of Snowflake stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $316.43, for a total value 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. The trade was a 94.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $350.00, for a total value of $17,500,000.00. Following the completion of the transaction, the director directly owned 10,074 shares in the company, valued at $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,246,429 shares of company stock worth $408,832,628. 4.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SNOW. Needham & Company LLC reissued a “buy” rating and issued a $450.00 target price on shares of Snowflake in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Snowflake in a research note on Thursday, September 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Snowflake in a research note on Tuesday, September 8th. UBS Group lifted their price objective on Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Phillip Securities lowered Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, October 12th. Thirty-six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

About Snowflake

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.