Key Points
- Snowflake CRO Jonathan Beaulier sold 755 shares for approximately $253,952 at an average price of $336.36, reducing his ownership by 0.36% while retaining 211,619 shares.
- Snowflake’s latest quarter exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus forecasts of $1.48 billion and $0.45. Analysts remain broadly bullish, assigning the stock a “Moderate Buy” consensus rating and an average price target of $414.24.
- The stock’s high valuation and continued negative net margin remain key risks, while additional insider selling—including director Frank Slootman’s roughly $100 million sale—could raise profit-taking concerns.
Snowflake Inc. (NYSE:SNOW - Get Free Report) CRO Jonathan Beaulier sold 755 shares of the business's stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total transaction of $253,951.80. Following the completion of the sale, the executive owned 211,619 shares in the company, valued at approximately $71,180,166.84. This trade represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Jonathan Mead Beaulier also recently made the following trade(s):
- On Wednesday, September 16th, Jonathan Beaulier sold 12,292 shares of Snowflake stock. The shares were sold at an average price of $336.12, for a total transaction of $4,131,587.04.
Snowflake Trading Down 0.2%
SNOW opened at $334.24 on Friday. The firm has a market cap of $117.92 billion, a P/E ratio of -105.11 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average of $317.11 and a 200 day moving average of $236.53.
Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.35 earnings per share. The firm's revenue for the quarter was up 35.1% on a year-over-year basis. As a group, research analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.
Snowflake News Summary
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake’s partnership with CrowdStrike brings the Falcon security platform to the Snowflake Marketplace. Customers can use pre-committed Snowflake capacity to purchase Falcon subscriptions, while deeper data interoperability could increase marketplace activity, platform usage, and enterprise demand. CrowdStrike and Snowflake partnership
- Positive Sentiment: Investor commentary from Tributary Capital highlighted accelerating product adoption and a strengthening profit outlook, supporting the bullish case for Snowflake’s AI-driven growth. The company’s latest reported quarter also exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus consensus of $1.48 billion and $0.45, respectively. Snowflake profit outlook article
- Positive Sentiment: Snowflake received a Zacks upgrade to Rank #2, or “Buy,” reflecting improved expectations for earnings. Analysts remain broadly constructive, with a reported consensus price target of $414.24, although targets and ratings are not guarantees of future performance. Zacks Snowflake upgrade
- Neutral Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and governance capabilities. The announcement is strategically positive but did not disclose a material financial impact. Liquibase Secure on Snowflake Marketplace
- Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for roughly $100 million, reducing his direct holdings by more than 84%. The transactions were made under a pre-arranged trading plan, but their size can still fuel profit-taking concerns. Frank Slootman share sale
- Negative Sentiment: Snowflake’s high valuation and continuing negative net margin leave the stock sensitive to concerns that growth may be coming at the expense of profitability. A market-wide retreat in cloud shares, including Oracle, added further near-term pressure. Cloud stock selloff
Wall Street Analyst Weigh In
SNOW has been the subject of a number of analyst reports. Scotiabank restated a "sector outperform" rating and issued a $440.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Stifel Nicolaus lifted their price objective on shares of Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Truist Financial set a $425.00 price objective on shares of Snowflake and gave the company a "buy" rating in a research report on Thursday, September 3rd. HSBC set a $289.00 target price on shares of Snowflake and gave the company a "buy" rating in a research note on Friday, May 29th. Finally, Bank of America lifted their price target on shares of Snowflake from $330.00 to $395.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Thirty-four research 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. Based on data from MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $414.24.
Get Our Latest Stock Analysis on SNOW
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SNOW. QRG Capital Management Inc. boosted its position in Snowflake by 67.9% in the 2nd quarter. QRG Capital Management Inc. now owns 82,137 shares of the company's stock valued at $20,904,000 after buying an additional 33,218 shares during the period. Silicon Valley Capital Partners increased its position in shares of Snowflake by 15.2% during the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company's stock worth $15,801,000 after acquiring an additional 8,208 shares during the period. Wellington Altus USA Inc. purchased a new position in shares of Snowflake during the second quarter worth approximately $102,000. Anchor Investment Management LLC bought a new stake in shares of Snowflake during the second quarter valued at approximately $76,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of Snowflake by 14.2% during the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company's stock valued at $10,078,000 after acquiring an additional 4,927 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.
Snowflake Company Profile
(
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.
Further Reading
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