Snowflake Inc. $SNOW Shares Newly Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,983 shares of the company’s stock, valued at approximately $1,352,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fermata Advisors LLC grew its stake in Snowflake by 4.9% in the third quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock valued at $303,000 after purchasing an additional 42 shares in the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of Snowflake by 2.8% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 7,477 shares of the company’s stock worth $2,568,000 after purchasing an additional 203 shares during the last quarter. Mirador Capital Partners LP increased its position in shares of Snowflake by 1.5% during the 3rd quarter. Mirador Capital Partners LP now owns 30,299 shares of the company’s stock worth $10,288,000 after purchasing an additional 434 shares during the last quarter. Capital Advisors Wealth Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $239,000. Finally, GK Wealth Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at approximately $41,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $334.32 on Thursday. The company has a market capitalization of $117.95 billion, a price-to-earnings ratio of -105.13 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a 50-day simple moving average of $333.37 and a 200 day simple moving average of $253.25. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. Snowflake’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 EPS. On average, sell-side analysts predict that Snowflake Inc. will post -1.44 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Broader data and AI ecosystem: Snowflake continues expanding its platform through integrations and partner validations. UiPath’s expanded two-way integration is designed to keep enterprise data within Snowflake while enabling automation and AI agents, potentially strengthening customer retention and the company’s data-platform moat. Can Snowflake’s UiPath Integration Deepen Its Data Moat Or Blur Its AI Strategy?
• Positive Sentiment: Partner and customer adoption: Treasure AI received Snowflake Ready Technology Validation, while InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences. ATTOM also introduced Semantic Views for its property data delivered through Snowflake, making complex real-estate information easier to query and analyze. These announcements support Snowflake’s positioning as infrastructure for governed enterprise data and AI use cases. Treasure AI Achieves Snowflake Ready Technology Validation InsuranceMarket.ae Builds Trusted Data Foundation on Snowflake ATTOM Introduces Semantic Views for Property Data in Snowflake
• Neutral Sentiment: Snowflake’s Chief Data and AI Officer said enterprises are moving AI projects from experimentation into production, emphasizing governance, security and trusted data. The comments reinforce the long-term opportunity but did not provide new financial guidance. Snowflake’s Anahita Tafvizi on Scaling AI From Experiments to Production
• Negative Sentiment: Valuation concerns: Analysts and commentators questioned whether Snowflake’s valuation can be supported by its sales growth, despite substantial recent gains and enthusiasm around AI. One analysis also noted potential risks in the economics of its AI business, increasing sensitivity to execution and future growth. Snowflake Stock Looks Fully Priced Is Snowflake Stock Riskier Than It Looks?
• Negative Sentiment: Brokerage downgrade: Phillip Securities lowered Snowflake from “strong buy” to “moderate buy,” reinforcing concerns that the stock’s elevated valuation leaves less room for disappointment. Snowflake Stock Bumped Down to Moderate Buy by Phillip Securities

Insider Activity

In other news, CAO Emily Ho sold 768 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total transaction of $255,690.24. Following the completion of the sale, the chief accounting officer owned 39,958 shares in the company, valued at $13,303,216.94. The trade was a 1.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Beaulier sold 755 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total value of $253,951.80. Following the sale, the executive owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,246,429 shares of company stock valued at $396,227,952. Company insiders own 4.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SNOW shares. BTIG Research raised their target price on shares of Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. DA Davidson upped their price target on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. KeyCorp increased their price target on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company increased their price target on shares of Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Thirty-five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Snowflake Profile

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.