Key Points
- Director Frank Slootman sold 200,000 shares of Snowflake at an average price of $221.83 for a total of $44,366,000, cutting his stake by ~79.9% to 50,329 shares, according to an SEC filing.
- Snowflake topped the quarter's estimates with $0.35 EPS (vs. $0.31 expected) and $1.21B revenue (up 28.7% YoY), but the company remains unprofitable with a negative net margin of 30.76% and negative ROE.
- Sell‑side sentiment is largely favorable—recent price‑target upgrades and buy/outperform ratings lift the average target to about $275—despite mixed analyst views and the large insider sale.
Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 586 shares of the company's stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $222.91, for a total value of $130,625.26. Following the completion of the transaction, the chief accounting officer directly owned 45,975 shares of the company's stock, valued at approximately $10,248,287.25. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Emily Ho also recently made the following trade(s):
- On Wednesday, September 24th, Emily Ho sold 1,658 shares of Snowflake stock. The stock was sold at an average price of $225.25, for a total value of $373,464.50.
Snowflake Stock Up 1.8%
SNOW stock opened at $226.53 on Tuesday. The stock has a market cap of $77.52 billion, a P/E ratio of -56.07 and a beta of 1.09. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock's fifty day simple moving average is $247.32 and its two-hundred day simple moving average is $228.04. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business's revenue was up 28.7% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on SNOW. BTIG Research restated a "buy" rating and set a $312.00 price target on shares of Snowflake in a research note on Thursday, December 4th. UBS Group reissued a "buy" rating on shares of Snowflake in a report on Thursday, December 4th. Rosenblatt Securities raised their target price on Snowflake from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 1st. The Goldman Sachs Group upped their price target on Snowflake from $230.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, August 28th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Snowflake in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $275.32.
Check Out Our Latest Stock Analysis on SNOW
Institutional Trading of Snowflake
A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Trust Co. of Toledo NA OH bought a new position in Snowflake in the 2nd quarter worth about $25,000. Avion Wealth lifted its holdings in shares of Snowflake by 76.6% in the second quarter. Avion Wealth now owns 113 shares of the company's stock worth $25,000 after buying an additional 49 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Snowflake in the third quarter worth about $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake in the third quarter valued at approximately $28,000. Finally, Rossby Financial LCC grew its stake in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company's stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.
More Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Raymond James initiated coverage with an Outperform rating, providing fresh buy-side institutional interest that can support the stock. Article Title
- Positive Sentiment: Scotiabank remains bullish and recently raised its price target (noting resilient product revenue and long-term growth), reinforcing sell‑side support despite some near‑term metric misses. Article Title
- Positive Sentiment: Accenture and Snowflake announced a partnership to drive enterprise reinvention with AI and data, a commercial tie‑up that can help accelerate enterprise adoption and usage-based consumption. Article Title
- Positive Sentiment: A bullish Seeking Alpha piece highlights a large addressable market (potentially >$350B) and high retention metrics, arguing Snowflake’s usage‑based model and AI tailwinds justify a premium growth multiple. Article Title
- Neutral Sentiment: Analyst commentary is mixed in tone: several outlets summarize reiterated Buys and varied price targets (TD Cowen, Raymond James items), keeping analyst signals supportive but heterogeneous. Article Title
- Neutral Sentiment: Two non‑market articles (a CNBC piece on executive social media and a general science feature about literal snowflakes) are being circulated but have limited direct impact on Snowflake’s fundamentals. Article Title Article Title
- Negative Sentiment: Director Frank Slootman sold 200,000 shares (~$44.4M at ~$221.83), reducing his stake by ~80% — a large, disclosed insider sale that can raise short‑term caution among investors despite normal liquidity or diversification reasons. SEC filing: SEC Filing
- Negative Sentiment: CAO Emily Ho sold 586 shares (~$130k), a relatively small transaction but another insider sale disclosed the same day. SEC filing: SEC Filing
About Snowflake
(
Get Free Report)
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.
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