45,831 Shares in Snowflake Inc. $SNOW Bought by Wasatch Advisors LP

Wasatch Advisors LP bought a new position in shares of Snowflake Inc. (NYSE:SNOW) in the second quarter, HoldingsChannel.com reports. The firm bought 45,831 shares of the company’s stock, valued at approximately $11,664,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake during the 4th quarter worth about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake in the 4th quarter worth approximately $29,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after buying an additional 118 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after acquiring an additional 100 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $130,596.18. Following the sale, the director owned 22,573 shares of the company’s stock, valued at $7,315,006.38. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 10,315 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $275.10, for a total transaction of $2,837,656.50. Following the completion of the sale, the director directly owned 28,535 shares in the company, valued at approximately $7,849,978.50. The trade was a 26.55% decrease in their position. 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 a total of 2,172,001 shares of company stock valued at $535,037,959 in the last 90 days. Insiders own 4.80% of the company’s stock.

Snowflake Stock Down 0.2%

Shares of SNOW stock opened at $333.58 on Thursday. The stock has a market cap of $115.62 billion, a P/E ratio of -94.77 and a beta of 1.33. Snowflake Inc. has a one year low of $118.30 and a one year high of $341.95. The stock has a fifty day moving average price of $266.55 and a 200 day moving average price of $203.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. Analysts predict that Snowflake Inc. will post -1.84 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst sees AI as a stronger growth catalyst: Oppenheimer reportedly revised its Snowflake outlook for 2026, highlighting an AI tool as an increasingly important driver of future growth. The view supports the bull case that Snowflake’s AI Data Cloud can expand usage and customer spending. Oppenheimer Revamps Snowflake Stock Target For 2026
• Positive Sentiment: AI ecosystem and security strategy are expanding: Snowflake’s Cortex AI Gateway is designed to govern, secure and orchestrate internal and third-party AI agents. New integrations involving Alteryx, Aembit and 1Password, along with broader efforts to connect fragmented data pipelines, could strengthen Snowflake’s competitive position in enterprise AI and encourage additional platform adoption. Snowflake AI Security Push Snowflake Moves Enterprise AI Beyond Fragmented Data Pipelines
• Neutral Sentiment: Insider selling adds a sentiment overhang, but was pre-planned: Director Michael Speiser sold approximately $16.4 million of shares, while EVP Christian Kleinerman sold about $9.75 million. Both transactions were executed under Rule 10b5-1 trading plans, reducing their significance as a direct signal about current business conditions; however, the sizable sales may weigh on investor sentiment after SNOW’s strong rally. Snowflake Insider Trading Filing
• Negative Sentiment: Data-breach litigation risk has increased: Credit unions won another round in a case involving a Snowflake-related data breach. Further proceedings could create legal costs, reputational damage and additional uncertainty around Snowflake’s security controls, although the ultimate financial impact has not been determined. Credit Unions Win Round Against Snowflake in Data Breach Case

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price objective on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Citizens Jmp reiterated a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a research note on Tuesday, May 19th. Sanford C. Bernstein raised their price target on shares of Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Piper Sandler raised their price target on shares of Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, Rosenblatt Securities boosted their price objective on shares of Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $303.84.

Snowflake Company Profile

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.