Snowflake (NYSE:SNOW) Director Michael Speiser Sells 50,338 Shares

by · The Markets Daily

Snowflake Inc. (NYSE:SNOW – Get Free Report) Director Michael Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $353.87, for a total transaction of $17,813,108.06. Following the transaction, the director directly owned 25,196 shares in the company, valued at approximately $8,916,108.52. This trade represents a 66.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Price Performance

Shares of SNOW traded down $4.09 during trading hours on Wednesday, reaching $331.41. The company had a trading volume of 4,320,471 shares, compared to its average volume of 6,832,408. 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 Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The firm has a 50 day simple moving average of $301.03 and a 200-day simple moving average of $222.85. The company has a market capitalization of $114.87 billion, a price-to-earnings ratio of -104.22 and a beta of 1.33.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. Research analysts expect that Snowflake Inc. will post -1.8 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

  • Positive Sentiment: AI-powered growth is accelerating. Snowflake reported 37% year-over-year product-revenue growth, a 126% net revenue retention rate, and results above consensus for revenue and adjusted EPS. Management’s increased guidance and comments about an AI-driven “flywheel effect” suggest customers may expand spending on Snowflake’s AI Data Cloud and Cortex AI services. Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI
  • Positive Sentiment: Enterprise adoption and high-margin software economics support the bull case. Coverage highlights robust free cash flow, expanding AI services, and Snowflake’s efforts to strengthen its position in cloud analytics against larger competitors such as Oracle and Dell Technologies. The CEO also argued that software companies can adapt to the AI era by using AI to drive additional customer usage and revenue. Snowflake CEO: AI is unleashing a flywheel effect on our business
  • Neutral Sentiment: Snowflake is increasingly viewed as a key software beneficiary of the AI trade. Analysts and market commentators have pointed to the company’s earnings beat, cloud-consumption growth, and AI strategy as reasons for optimism. However, the stock’s response is being compared with pullbacks in other AI beneficiaries, including Broadcom and Credo, showing that strong results alone may not satisfy investors when expectations are already elevated. What Investors Need To Understand About Broadcom, Credo and Snowflake Earnings
  • Negative Sentiment: Valuation is the principal risk. One analysis estimates Snowflake trades at roughly 152 times expected fiscal 2027 earnings, while the bullish case assumes a premium valuation near 20 times revenue. That leaves limited room for execution disappointments, slower consumption growth, margin concerns, or a broader cooling of AI enthusiasm. Snowflake’s Growth Is Accelerating. So Is the Valuation Risk

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new stake in Snowflake during the 4th quarter valued at $28,000. Greenline Wealth Management LLC acquired a new position in shares of Snowflake in the fourth quarter worth $29,000. MV Capital Management Inc. acquired a new position in shares of Snowflake in the fourth quarter worth $32,000. Copos Capital S.a r.l. purchased a new stake in shares of Snowflake in the fourth quarter valued at $35,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Snowflake in the third quarter valued at $39,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Snowflake from $350.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. The Goldman Sachs Group lifted their price objective on Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. HSBC set a $289.00 target price on Snowflake and gave the stock a “buy” rating in a research report on Friday, May 29th. Cantor Fitzgerald upped their target price on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, Argus raised their price target on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Thirty-four investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $414.24.

Get Our Latest Stock Analysis on SNOW

About Snowflake

(Get Free Report)

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.

Featured Stories