Vantage Investment Partners LLC Sells 2,178 Shares of Snowflake Inc. $SNOW

Vantage Investment Partners LLC trimmed its stake in shares of Snowflake Inc. (NYSE:SNOW) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,784 shares of the company’s stock after selling 2,178 shares during the period. Vantage Investment Partners LLC’s holdings in Snowflake were worth $11,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNOW. Reyes Financial Architecture Inc. purchased a new stake in Snowflake in the third quarter worth approximately $32,000. Mather Group LLC. grew its position in Snowflake by 98.0% in the 3rd quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after purchasing an additional 50 shares during the period. Ninety One UK Ltd bought a new stake in Snowflake in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC grew its position in Snowflake by 146.7% in the 3rd quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock worth $38,000 after purchasing an additional 66 shares during the period. Finally, GK Wealth Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at $41,000. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands Snowflake’s distribution. Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure (OCI). Oracle customers will be able to purchase Snowflake using Oracle Universal Credits, with unified procurement and billing. The arrangement could reduce adoption friction, improve access to enterprise customers, and support consumption growth. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the core bullish argument. Analysts and market commentary point to rising customer adoption, Snowflake’s AI capabilities, and an upbeat fiscal 2027 outlook. Two recent earnings reports reportedly raised full-year product-revenue guidance, while some investors believe management’s outlook may prove conservative. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion adds a longer-term growth opportunity. Snowflake announced a projected $300 million investment in Saudi Arabia operations, potentially strengthening its presence with government and enterprise customers in the region. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst price targets imply additional upside, and options commentary highlights bull call spreads as a lower-risk way to gain exposure. However, these are market opinions rather than new company fundamentals. Snowflake: This Growing AI Stock Is Ripe For Bullish Exposure
• Negative Sentiment: Valuation is a significant risk. After a substantial multiyear rally, Snowflake’s share price appears to discount considerable future sales and AI growth. That raises the bar for upcoming results and leaves the stock vulnerable to profit-taking if growth or guidance disappoints. Snowflake Stock Could Be Trading at a Premium

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. The trade was a 6.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $350.00, for a total value of $17,500,000.00. Following the completion of the sale, the director owned 10,074 shares of the company’s stock, valued at $3,525,900. This trade represents a 83.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,246,429 shares of company stock worth $408,832,628. 4.80% of the stock is owned by insiders.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $339.44 on Thursday. The firm has a 50 day moving average of $332.08 and a 200 day moving average of $238.78. 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 firm has a market capitalization of $119.75 billion, a price-to-earnings ratio of -106.74 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating 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 46.32%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue was up 35.1% on a year-over-year basis. On average, research analysts anticipate that Snowflake Inc. will post -1.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNOW. Jefferies Financial Group set a $430.00 price target on Snowflake and gave the company a “buy” rating in a report on Thursday, September 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of Snowflake in a research note on Tuesday, September 8th. 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. DA Davidson upped their price objective on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Finally, TD Cowen upped their price objective on Snowflake from $370.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $413.87.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.