Snowflake Inc. $SNOW Stock: MGO One Seven LLC Raises Position

MGO One Seven LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 231.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,165 shares of the company’s stock after purchasing an additional 5,004 shares during the quarter. MGO One Seven LLC’s holdings in Snowflake were worth $2,433,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SNOW. Aprio Wealth Management LLC grew its holdings in Snowflake by 18.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,061 shares of the company’s stock worth $360,000 after acquiring an additional 169 shares in the last quarter. Left Brain Wealth Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $374,000. Brian Low Financial Group LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $232,000. Parcion Private Wealth LLC raised its holdings in shares of Snowflake by 3.4% in the 3rd quarter. Parcion Private Wealth LLC now owns 3,456 shares of the company’s stock valued at $1,174,000 after purchasing an additional 114 shares in the last quarter. Finally, Partners Wealth Management LLC purchased a new stake in shares of Snowflake during the 3rd quarter worth $1,583,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Jefferies Financial Group set a $430.00 target price on shares of Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Canaccord Genuity Group increased their target price on Snowflake from $325.00 to $450.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Raymond James Financial raised their price target on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research note on Thursday, September 3rd. Bank of America raised their price target on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Robert W. Baird set a $450.00 price target on Snowflake in a 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $413.87.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 300,000 shares of the business’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $316.43, for a total value of $94,929,000.00. Following the completion of the sale, the director directly owned 19,024 shares of the company’s stock, valued at approximately $6,019,764.32. The trade was a 94.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 dated Friday, September 4th. The shares were 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 directly owned 10,074 shares of the company’s stock, valued at approximately $3,525,900. This trade represents a 83.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,206,443 shares of company stock worth $396,866,828. 4.80% of the stock is owned by company insiders.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced AI tools focused on trusted business context, governance and autonomous data engineering. Business Ontology and expanded CoCo and CoWork capabilities are designed to help AI agents act on enterprise data and automate recurring pipeline work—potentially strengthening Snowflake’s AI offering and customer appeal. Snowflake CoCo and CoWork announcement AI context and governance announcement
• Positive Sentiment: Snowflake also announced USA Cycling will use its platform to bring together training and race data ahead of the LA28 Games. The deal offers a customer-validation point, though its near-term financial contribution was not disclosed. USA Cycling partnership
• Neutral Sentiment: The company is scheduled to report fiscal third-quarter 2027 results after the market closes on December 2, which could provide a clearer read on demand and the commercial impact of its AI initiatives. Earnings date announcement
• Negative Sentiment: Recent trading has been pressured by weakness across software stocks, amid concerns about major technology companies’ AI spending and a ServiceNow miss. Snowflake was reported down sharply over the prior week, while a Seeking Alpha rating downgrade adds to skepticism about the payoff from its AI strategy. Recent software-sector pressure Analyst downgrade

Snowflake Stock Up 1.5%

SNOW stock opened at $294.96 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The company’s 50 day moving average is $330.47 and its two-hundred day moving average is $240.60. The stock has a market cap of $104.06 billion, a P/E ratio of -92.76 and a beta of 1.32.

Snowflake (NYSE:SNOW) last issued 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. 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 the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $0.35 EPS. The company’s revenue was up 35.1% compared to the same quarter last year. Research analysts expect that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Snowflake Company Profile

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.