Quantinno Capital Management LP Sells 40,056 Shares of Snowflake Inc. $SNOW

Quantinno Capital Management LP cut its position in shares of Snowflake Inc. (NYSE:SNOW) by 32.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,662 shares of the company’s stock after selling 40,056 shares during the period. Quantinno Capital Management LP’s holdings in Snowflake were worth $12,769,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. ABS Direct Equity Fund LLC purchased a new stake in Snowflake in the 1st quarter worth about $101,000. Family Manage LLC boosted its position in shares of Snowflake by 97.8% during the first quarter. Family Manage LLC now owns 2,223 shares of the company’s stock valued at $335,000 after buying an additional 1,099 shares during the period. Gateway Wealth Partners LLC bought a new position in Snowflake in the 1st quarter valued at $236,000. Delta Global Management LP boosted its stake in shares of Snowflake by 13.6% during the first quarter. Delta Global Management LP now owns 142,684 shares of the company’s stock valued at $21,520,000 after purchasing an additional 17,125 shares during the period. Finally, Everest Financial Group LLC grew its holdings in shares of Snowflake by 47.4% in the first quarter. Everest Financial Group LLC now owns 1,785 shares of the company’s stock worth $269,000 after purchasing an additional 574 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Christian Kleinerman sold 20,000 shares of Snowflake stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $300.00, for a total value of $6,000,000.00. Following the transaction, the executive vice president owned 375,379 shares of the company’s stock, valued at $112,613,700. The trade was a 5.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 840 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $257.91, for a total transaction of $216,644.40. Following the transaction, the director owned 26,876 shares of the company’s stock, valued at approximately $6,931,589.16. This trade represents a 3.03% 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. Insiders have sold a total of 2,081,260 shares of company stock valued at $505,874,831 over the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: BTIG raises price target: BTIG Research increased its Snowflake price target from $325 to $340 and maintained a “buy” rating, implying further upside and signaling confidence in demand for Snowflake’s data-cloud and AI offerings. Snowflake To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Monday
• Positive Sentiment: AI-cloud rally lifts SNOW: Snowflake gained alongside CoreWeave and Oracle as a broad risk-on mood drove buying across AI infrastructure and cloud stocks. This indicates strong sector momentum, although the move is partly market-driven rather than specific to Snowflake. CoreWeave Jumps 11%, Snowflake Gains 6%, Oracle Climbs 5% as Risk-On Mood Lifts AI Cloud
• Positive Sentiment: Enterprise AI positioning: Coverage comparing Snowflake with Palantir highlights both companies’ recent results and their roles in the enterprise AI stack. Snowflake’s focus on trusted enterprise data and context supports the long-term growth narrative. Palantir vs. Snowflake: Which Growth Stock Is the Better Buy?
• Neutral Sentiment: Insider sales disclosed: EVP Christian Kleinerman sold a combined 29,986 shares for approximately $9 million under a pre-arranged Rule 10b5-1 trading plan. Because the sales were scheduled in advance and he retained about 375,379 shares, the transactions are a limited concern but may temper sentiment near recent highs. SEC insider trading filing

Snowflake Trading Up 5.0%

SNOW opened at $307.83 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market cap of $106.69 billion, a price-to-earnings ratio of -87.45 and a beta of 1.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $315.42. The stock has a fifty day moving average price of $253.43 and a 200-day moving average price of $197.89.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion for 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%.The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. As a group, equities research analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SNOW. Evercore set a $200.00 price target on shares of Snowflake in a research note on Tuesday, April 14th. Citizens Jmp reissued a “market outperform” rating and issued a $325.00 price objective on shares of Snowflake in a research report on Tuesday, May 19th. Monness Crespi & Hardt raised their target price on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Jefferies Financial Group lifted their price target on shares of Snowflake from $300.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, TD Cowen reiterated a “buy” rating and issued a $300.00 price target on shares of Snowflake in a report on Wednesday, June 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.68.

Snowflake 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.