Snowflake (NYSE:SNOW) CAO Emily Ho Sells 768 Shares

Snowflake Inc. (NYSE:SNOW) CAO Emily Ho sold 768 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total value of $255,690.24. Following the completion of the transaction, the chief accounting officer owned 39,958 shares in the company, valued at $13,303,216.94. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Emily Ho also recently made the following trade(s):

• On Wednesday, June 24th, Emily Ho sold 1,860 shares of Snowflake stock. The shares were sold at an average price of $232.25, for a total value of $431,985.00.

Snowflake Trading Up 2.3%

NYSE SNOW opened at $330.26 on Thursday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The stock has a 50-day simple moving average of $309.17 and a 200 day simple moving average of $229.61. 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 has a market capitalization of $116.52 billion, a PE ratio of -103.85 and a beta of 1.33.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Research analysts forecast that Snowflake Inc. will post -1.57 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SNOW. Allstate Corp grew its position in shares of Snowflake by 108.1% in the 4th quarter. Allstate Corp now owns 24,497 shares of the company’s stock valued at $5,374,000 after acquiring an additional 12,724 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of Snowflake by 86.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company’s stock valued at $45,989,000 after purchasing an additional 97,128 shares during the period. William Blair Investment Management LLC lifted its stake in Snowflake by 159.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after purchasing an additional 828,789 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Snowflake in the 2nd quarter valued at about $1,399,000. Finally, Janney Montgomery Scott LLC grew its holdings in Snowflake by 105.0% during the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after purchasing an additional 47,601 shares during the period. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

Wall Street Analyst Weigh In

SNOW has been the subject of a number of analyst reports. Bank of America boosted their price objective on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Wells Fargo & Company boosted their price target on shares of Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Truist Financial set a $425.00 price objective on shares of Snowflake and gave the company a “buy” rating in a research report on Thursday, September 3rd. Raymond James Financial raised their price objective on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $425.00 target price on Snowflake in a report on Thursday, September 3rd. Thirty-four equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.