Snowflake Inc. $SNOW Holdings Trimmed by Brighton Jones LLC

Brighton Jones LLC trimmed its stake in shares of Snowflake Inc. (NYSE:SNOW) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,157 shares of the company’s stock after selling 5,608 shares during the quarter. Brighton Jones LLC’s holdings in Snowflake were worth $25,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SNOW. Basecamp Wealth Advisors LLC increased its stake in shares of Snowflake by 140.5% in 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 period. Emerald Advisers LLC raised its holdings in Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after buying an additional 100 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Snowflake during the 3rd quarter valued at $32,000. Mather Group LLC. boosted its position in Snowflake by 98.0% during the 3rd quarter. Mather Group LLC. now owns 101 shares of the company’s stock valued at $34,000 after buying an additional 50 shares during the period. Finally, Ninety One UK Ltd purchased a new stake in Snowflake during the 3rd quarter valued at $36,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled tools aimed at moving enterprise AI agents from pilot projects into production, including features for business context, governance and automating data-engineering work. These offerings could encourage adoption and increase customer usage. Snowflake unveils innovations for the agentic enterprise
• Positive Sentiment: Recent commentary points to AI adoption, customer growth and raised revenue guidance as drivers of Snowflake’s strong year-to-date performance. Another bullish analysis argues that accelerating revenue growth may be underappreciated, though its optimistic price outlook depends on the valuation multiple investors assign the company. Zacks on Snowflake’s growth and valuation · Wall Street may be underestimating Snowflake’s growth potential
• Neutral Sentiment: Former Snowflake revenue chief Mike Gannon is joining AI infrastructure startup Spectro Cloud. The report concerns a former executive and does not describe a change to Snowflake’s operations or outlook. Former Snowflake revenue chief joins Spectro Cloud
• Negative Sentiment: Valuation remains a risk: coverage notes that Snowflake trades at a premium, leaving the stock sensitive to whether its AI-fueled growth can justify expectations. Executive Vice President Christian Kleinerman also sold 10,000 shares for about $3.06 million; the sale was under a pre-arranged trading plan, and he retained more than 303,000 shares. Snowflake executive stock sale

Snowflake Stock Up 2.5%

Shares of Snowflake stock opened at $276.32 on Friday. 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 company’s fifty day simple moving average is $327.95 and its two-hundred day simple moving average is $241.66. The company has a market cap of $97.48 billion, a P/E ratio of -86.89 and a beta of 1.32. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. Research analysts anticipate that Snowflake Inc. will post -1.42 EPS for the current year.

Analyst Upgrades and Downgrades

SNOW has been the subject of several recent analyst reports. Citizens Jmp upped their price objective on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research note on Thursday, September 3rd. Morgan Stanley raised their target price on Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Benchmark raised their target price on Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. boosted their price target on Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, Robert W. Baird set a $450.00 price target on Snowflake in a research report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $413.87.

Insider Activity at Snowflake

In other Snowflake news, CRO Jonathan Beaulier sold 755 shares of Snowflake stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total transaction of $253,951.80. Following the sale, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 300,000 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $316.43, for a total value of $94,929,000.00. Following the transaction, the director owned 19,024 shares in the company, valued at $6,019,764.32. This trade represents a 94.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,135,702 shares of company stock valued at $373,733,800. 4.80% of the stock is currently owned by corporate insiders.

Snowflake Profile

Snowflake Inc provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services.

Snowflake’s platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.

Founded in 2012, Snowflake went public in 2020.