Snowflake (NYSE:SNOW) Director Sells $17,500,000.00 in Stock

Snowflake Inc. (NYSE:SNOW) Director Mark Garrett sold 50,000 shares of the company’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the sale, the director directly owned 10,074 shares of the company’s stock, valued at $3,525,900. The trade was a 83.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Snowflake Price Performance

Shares of SNOW opened at $326.97 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The firm has a 50-day simple moving average of $305.18 and a 200-day simple moving average of $225.74. The company has a market capitalization of $113.33 billion, a price-to-earnings ratio of -102.82 and a beta of 1.33.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, equities research analysts anticipate that Snowflake Inc. will post -1.6 earnings per share for the current year.

Hedge Funds Weigh In On Snowflake

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake during the 4th quarter worth approximately $29,000. MV Capital Management Inc. acquired a new stake in shares of Snowflake in the 4th quarter worth approximately $32,000. Copos Capital S.a r.l. acquired a new stake in shares of Snowflake in the 4th quarter worth approximately $35,000. Finally, JPL Wealth Management LLC purchased a new position in Snowflake in the 3rd quarter valued at approximately $39,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNOW shares. The Goldman Sachs Group increased their price target on Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Argus upped their price objective on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Oppenheimer raised their target price on shares of Snowflake from $400.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. KeyCorp lifted their target price on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Finally, Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Thursday, September 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s fiscal Q2 2027 results showed 37% product-revenue growth, 126% net revenue retention, revenue of $1.55 billion and adjusted EPS of $0.62, beating estimates. Management said customers using Cortex AI and related tools are consuming more of Snowflake’s core data platform. Could Snowflake’s Big Quarter Be a Sign of More to Come?
• Positive Sentiment: Customer adoption is providing evidence of demand: Swiggy selected Snowflake as a unified data foundation and reported that its data workloads became 96% faster. The partnership spans food delivery, quick commerce and dining, supporting the case for broader enterprise usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Investor and analyst sentiment is favorable: Snowflake was selected as a CNBC “Final Trade,” while multiple firms raised price targets into the $425–$450 range. The reported analyst consensus is a “Moderate Buy” rating with a $414.24 target, suggesting potential upside if growth continues. Snowflake on CNBC’s Final Trades
• Neutral Sentiment: Recent conference commentary reinforces the strategy: Executives highlighted AI adoption, customer consumption and the opportunity to build a recurring data-and-AI growth cycle, but provided limited new financial information. Snowflake Citi Global TMT Conference Transcript
• Negative Sentiment: Valuation raises the risk of a pullback: After its sharp advance, investors appear to be pricing in sustained AI monetization and near-perfect execution. Any slowdown in consumption, margins or guidance could prompt profit-taking. Snowflake AI Story and Valuation Risk
• Negative Sentiment: Insider selling is a sentiment headwind: Directors Mark Garrett and Michael Speiser sold roughly $35.5 million of shares combined, while EVP Christian Kleinerman sold $916,516. Some transactions were made under Rule 10b5-1 plans or to cover taxes, making them less clearly bearish, but the sales may encourage near-term caution. Snowflake Insider Selling Alert

Snowflake Company Profile

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.