Nwam LLC Purchases Shares of 2,625 Snowflake Inc. $SNOW

Nwam LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,625 shares of the company’s stock, valued at approximately $668,000.

Other large investors have also made changes to their positions in the company. Nuveen LLC grew its position in Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Geode Capital Management LLC raised its holdings in Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after acquiring an additional 249,668 shares in the last quarter. Norges Bank acquired a new position in Snowflake in the 4th quarter valued at approximately $974,091,000. Janus Henderson Group PLC lifted its position in shares of Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after acquiring an additional 544,960 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Snowflake by 14.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,669,997 shares of the company’s stock worth $585,691,000 after acquiring an additional 331,405 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SNOW shares. Stifel Nicolaus set a $350.00 price objective on Snowflake in a research report on Tuesday, August 18th. Bank of America lifted their price target on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Robert W. Baird boosted their price target on shares of Snowflake from $280.00 to $350.00 and gave the company an “outperform” rating in a report on Tuesday, August 25th. Truist Financial set a $360.00 price objective on shares of Snowflake in a research note on Tuesday, August 25th. Finally, Citizens Jmp lifted their target price on shares of Snowflake from $325.00 to $408.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 18th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $338.35.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $130,596.18. Following the sale, the director directly owned 22,573 shares of the company’s stock, valued at approximately $7,315,006.38. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president directly owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,156,901 shares of company stock worth $321,725,352 in the last quarter. 4.80% of the stock is owned by corporate insiders.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q2 results exceeded expectations. Snowflake reported earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year and above analysts’ $1.48 billion forecast. Product revenue was $1.49 billion, an increase of 37%. Snowflake lifts annual product revenue forecast, shares soar
• Positive Sentiment: Raised guidance provided the biggest bullish catalyst. Management lifted its full-year product-revenue forecast, signaling confidence in continued demand for the cloud data platform and AI offerings. Snowflake Jumps on Revenue Outlook, Uptake of AI Assistant
• Positive Sentiment: AI adoption is strengthening the growth narrative. Snowflake highlighted rapid uptake of its AI-assisted coding tools, including the CoCo coding agent and CoWork. Investors view these products as potential growth accelerators and evidence that Snowflake is benefiting from rising enterprise AI workloads. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: CEO Sridhar Ramaswamy said Snowflake remains on track to reach break-even next year, supporting expectations for improving profitability alongside growth.
• Positive Sentiment: Sayari selected Snowflake to rebuild its Commercial World Model, potentially reducing its data-infrastructure costs by more than 50% and adding validation for Snowflake’s AI Data Cloud. Sayari Rebuilds Its Commercial World Model on Snowflake

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $307.31 on Thursday. The business’s fifty day moving average price is $293.26 and its two-hundred day moving average price is $218.27. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $341.95. The stock has a market capitalization of $106.51 billion, a price-to-earnings ratio of -87.30 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The company 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 50.50% and a negative net margin of 23.79%.The business’s revenue was up 35.1% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share. As a group, analysts predict that Snowflake Inc. will post -1.81 EPS for the current fiscal year.

Snowflake Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.