Teresa Briggs Sells 343 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Teresa Briggs sold 343 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $255.11, for a total value of $87,502.73. Following the completion of the sale, the director directly owned 5,060 shares of the company’s stock, valued at $1,290,856.60. The trade was a 6.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teresa Briggs also recently made the following trade(s):

• On Thursday, July 2nd, Teresa Briggs sold 344 shares of Snowflake stock. The stock was sold at an average price of $254.64, for a total value of $87,596.16.

Snowflake Price Performance

SNOW opened at $262.62 on Wednesday. The stock’s 50-day moving average price is $207.53 and its 200 day moving average price is $190.90. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of -74.61 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. As a group, sell-side analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on SNOW. Mizuho increased their target price on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. DA Davidson boosted their price target on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Wedbush upped their price objective on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft lifted their target price on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Wells Fargo & Company boosted their target price on Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts and market commentary say Snowflake’s AI Data Cloud is gaining traction, with accelerating adoption, new AI products, customer wins, and partnerships supporting the company’s goal of about 30% revenue growth. Snowflake’s AI Data Cloud Gains Traction: More Upside Ahead?
• Positive Sentiment: Snowflake is also benefiting from continued investor attention around its AI positioning and “trending stock” status, which can help keep momentum strong if the company continues to show execution. Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Another upbeat note highlights Snowflake’s expanding role in enterprise AI readiness, with enterprises increasingly using its platform for secure data access, collaboration, and AI-enabled operations. Snowflake Expands Role in Enterprise AI Readiness
• Positive Sentiment: Recent commentary says Snowflake’s backlog and broader data-opportunity narrative are starting to show results, reinforcing the long-term growth case for investors. Snowflake’s $80 Billion Data Bet Is Starting to Show Results

Institutional Investors Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the 4th quarter worth $28,000. Greenline Wealth Management LLC purchased a new position in Snowflake in the fourth quarter valued at $29,000. GoalVest Advisory LLC raised its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares in the last quarter. Basecamp Wealth Advisors LLC raised its stake in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in Snowflake by 56.0% during the 4th 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. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.