Insider Selling: Snowflake (NYSE:SNOW) CRO Sells $253,951.80 in Stock

Snowflake Inc. (NYSE:SNOW) CRO Jonathan Beaulier sold 755 shares of the business’s stock in a transaction 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. The trade was a 0.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jonathan Mead Beaulier also recently made the following trade(s):

• On Wednesday, September 16th, Jonathan Beaulier sold 12,292 shares of Snowflake stock. The shares were sold at an average price of $336.12, for a total value of $4,131,587.04.

Snowflake Trading Down 0.2%

SNOW stock traded down $0.57 during midday trading on Thursday, reaching $334.24. The stock had a trading volume of 2,793,432 shares, compared to its average volume of 6,665,277. The business has a fifty day simple moving average of $315.82 and a two-hundred day simple moving average of $235.45. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The firm has a market cap of $117.92 billion, a price-to-earnings ratio of -105.11 and a beta of 1.33. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion during 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 company’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. As a group, research analysts expect that Snowflake Inc. will post -1.57 EPS for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Tributary Capital Management said Snowflake’s profit outlook is strengthening as product adoption accelerates. The investment letter supports the bullish case that broader use of Snowflake’s data and AI platform can improve earnings prospects. Snowflake’s Profit Outlook Strengthens as Product Adoption Accelerates
• Positive Sentiment: Zacks upgraded SNOW to Rank #2, or “Buy,” citing improving earnings expectations. The upgrade may provide near-term support, although it is an analyst opinion rather than new company guidance. Zacks upgrade
• Positive Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and giving customers new database-governance capabilities. The announcement is strategically positive but likely has limited immediate financial impact. Liquibase Secure on Snowflake Marketplace
• Neutral Sentiment: Snowflake is slipping alongside weakness in parts of the cloud group, particularly as Oracle’s sharp decline weighs on sentiment toward cloud and technology stocks. Cloud-sector selloff
• Negative Sentiment: Director Frank Slootman sold 300,000 shares for roughly $100.3 million across September 18 and 21, cutting his direct ownership by more than 84%. The trades were made under a pre-arranged plan, but their size may increase profit-taking concerns. Frank Slootman SEC filing
• Negative Sentiment: EVP Christian Kleinerman sold 2,622 shares worth approximately $903,000 to cover tax withholding on vested equity awards. Because the sale was tax-related and reduced his holdings by only 0.79%, it is a relatively modest bearish signal. Christian Kleinerman insider sale
• Negative Sentiment: Investors remain focused on whether Snowflake is sacrificing margins to sustain growth. That concern is relevant after its strong recent performance and elevated valuation, despite the company’s latest quarterly revenue growth and earnings beat. Snowflake growth and margin analysis

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. QRG Capital Management Inc. raised its holdings in Snowflake by 67.9% in the second quarter. QRG Capital Management Inc. now owns 82,137 shares of the company’s stock worth $20,904,000 after purchasing an additional 33,218 shares during the period. Silicon Valley Capital Partners grew its holdings in shares of Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after buying an additional 8,208 shares during the period. Wellington Altus USA Inc. acquired a new position in shares of Snowflake in the 2nd quarter valued at $102,000. Anchor Investment Management LLC bought a new stake in shares of Snowflake in the 2nd quarter valued at $76,000. Finally, Sequoia Financial Advisors LLC increased its position in shares of Snowflake by 14.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company’s stock valued at $10,078,000 after buying an additional 4,927 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the topic of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. Mizuho set a $425.00 target price on shares of Snowflake in a research report on Thursday, September 3rd. Wells Fargo & Company increased their price target on Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Scotiabank restated a “sector outperform” rating and issued a $440.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Stifel Nicolaus lifted their price objective on Snowflake from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $414.24.

About Snowflake

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.