West Family Investments Inc. Takes $476,000 Position in Snowflake Inc. $SNOW

West Family Investments Inc. acquired a new position in Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,870 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Parkside Financial Bank & Trust boosted its holdings in Snowflake by 15.6% during the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company’s stock worth $85,000 after buying an additional 45 shares in the last quarter. Tsfg LLC increased its holdings in shares of Snowflake by 27.8% in the second quarter. Tsfg LLC now owns 230 shares of the company’s stock valued at $59,000 after buying an additional 50 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Snowflake by 4.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after acquiring an additional 60 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Snowflake by 4.4% during the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after acquiring an additional 60 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its stake in shares of Snowflake by 6.7% during the 4th quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock worth $224,000 after acquiring an additional 64 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Down 0.7%

Shares of Snowflake stock opened at $334.86 on Wednesday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a market cap of $116.06 billion, a P/E ratio of -105.30 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $301.03 and a 200 day moving average price of $222.85.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. The company 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 47.20% and a negative net margin of 20.07%.The business’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. As a group, analysts expect that Snowflake Inc. will post -1.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SNOW shares. Argus boosted their target price on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. BTIG Research lifted their price target on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Citizens Jmp boosted their price objective on Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a report on Thursday, September 3rd. Mizuho set a $425.00 price objective on shares of Snowflake in a research note on Thursday, September 3rd. Finally, Canaccord Genuity Group raised their target price on shares of Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Thirty-four research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Management said AI services are creating a “flywheel effect” by increasing customer usage and encouraging additional spending. The CEO suggested that stronger-than-expected quarters could continue as customers adopt Snowflake’s AI offerings. Snowflake CEO: AI is unleashing a flywheel effect on our business
• Positive Sentiment: Snowflake’s product revenue increased 37% year over year, while recent results exceeded Wall Street expectations and guidance was raised. The performance supports the company’s strategy of expanding its AI Data Cloud and competing with larger analytics providers such as Oracle and Dell Technologies. Snowflake Expands in Cloud Analytics: Can It Challenge DELL & ORCL?
• Positive Sentiment: Investors have responded favorably to evidence that AI demand is translating into actual consumption and revenue growth. Snowflake’s shares rose roughly 17% following earnings, outperforming other AI software names whose results offered less evidence of monetization. Snowflake stock explodes 17% as AI fears suddenly flip
• Neutral Sentiment: At the Goldman Sachs Communacopia + Technology Conference, management discussed Snowflake’s growth and AI strategy, giving investors additional detail but no clearly new catalyst beyond its recent earnings update. Snowflake at Goldman Sachs Communacopia + Technology Conference
• Negative Sentiment: Valuation is the main pressure point. Despite improving growth, SNOW reportedly trades at approximately 152 times expected fiscal 2027 earnings, leaving the stock vulnerable to profit-taking or disappointment if AI adoption slows. Snowflake’s Growth Is Accelerating. So Is the Valuation Risk

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 289,685 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the sale, the director directly owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This trade represents a 91.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of 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. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,128,431 shares of company stock valued at $317,314,470. Corporate insiders own 4.80% of the company’s stock.

Snowflake Profile

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.