Key Points
- Director Frank Slootman sold 8,191 Snowflake shares at an average price of $318.51, generating approximately $2.61 million. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards and reduced his ownership by 30.1% to 19,024 shares.
- Snowflake reported quarterly revenue of $1.55 billion and adjusted earnings of $0.62 per share, exceeding analyst estimates of $1.48 billion and $0.45, respectively. Revenue increased 35.1% year over year, although the company continued to report a net loss.
- Analysts remain broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $414.24; targets include UBS at $500 and Barclays at $384. However, the stock’s high valuation and continuing losses present downside risk if AI-driven growth or profitability disappoints.
Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 768 shares of Snowflake stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total value of $255,690.24. Following the transaction, the chief accounting officer owned 39,958 shares of the company's stock, valued at $13,303,216.94. This represents a 1.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Emily Ho also recently made the following trade(s):
- On Wednesday, June 24th, Emily Ho sold 1,860 shares of Snowflake stock. The shares were sold at an average price of $232.25, for a total value of $431,985.00.
Snowflake Stock Up 2.3%
SNOW opened at $330.26 on Thursday. The stock's fifty day simple moving average is $309.17 and its 200 day simple moving average is $229.61. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The stock has a market cap of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.
Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The company's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, research analysts expect that Snowflake Inc. will post -1.57 earnings per share for the current year.
Trending Headlines about Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
- Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
- Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
- Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
- Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
- Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
- Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SNOW. Citigroup lifted their target price on shares of Snowflake from $395.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Scotiabank restated a "sector outperform" rating and set a $440.00 price objective (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Canaccord Genuity Group boosted their price objective on Snowflake from $325.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. HSBC set a $289.00 price objective on Snowflake and gave the stock a "buy" rating in a report on Friday, May 29th. Finally, Robert W. Baird set a $450.00 target price on Snowflake in a research report on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $414.24.
Check Out Our Latest Stock Analysis on Snowflake
Hedge Funds Weigh In On Snowflake
Hedge funds have recently bought and sold shares of the business. Allstate Corp boosted its holdings in Snowflake by 108.1% in the 4th quarter. Allstate Corp now owns 24,497 shares of the company's stock valued at $5,374,000 after purchasing an additional 12,724 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of Snowflake by 86.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company's stock worth $45,989,000 after purchasing an additional 97,128 shares during the period. William Blair Investment Management LLC raised its position in shares of Snowflake by 159.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company's stock valued at $295,477,000 after buying an additional 828,789 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Snowflake in the second quarter valued at approximately $1,399,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Snowflake by 105.0% in the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company's stock valued at $14,017,000 after buying an additional 47,601 shares during the period. 65.10% of the stock is owned by institutional investors.
About Snowflake
(
Get Free Report)
Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.
Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.
Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.
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