Sequoia Financial Advisors LLC Boosts Position in Snowflake Inc. $SNOW

Sequoia Financial Advisors LLC raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,598 shares of the company’s stock after acquiring an additional 4,927 shares during the period. Sequoia Financial Advisors LLC’s holdings in Snowflake were worth $10,078,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SNOW. Parkside Financial Bank & Trust raised its holdings in shares of 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 purchasing an additional 45 shares during the last quarter. Tsfg LLC lifted its position in Snowflake by 27.8% during the second quarter. Tsfg LLC now owns 230 shares of the company’s stock valued at $59,000 after purchasing an additional 50 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in Snowflake by 4.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after purchasing an additional 60 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Snowflake by 4.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after purchasing an additional 60 shares during the last quarter. Finally, First Manhattan CO. LLC. boosted its holdings in Snowflake by 6.7% in the fourth quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock valued at $224,000 after purchasing an additional 64 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

NYSE:SNOW opened at $329.00 on Friday. The company has a quick ratio of 1.05, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The stock’s 50-day moving average price is $303.83 and its 200-day moving average price is $225.02. The stock has a market capitalization of $114.03 billion, a PE ratio of -103.46 and a beta of 1.33.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping 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 46.32% and a negative net margin of 20.07%.Snowflake’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. As a group, equities analysts expect that Snowflake Inc. will post -1.62 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Needham & Company LLC increased their price target on Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Raymond James Financial upped their target price on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on Snowflake from $285.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Loop Capital raised their target price on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Mizuho set a $425.00 price target on Snowflake in a research report on Thursday, September 3rd. 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 company. Based on data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average target price of $414.24.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 2,730 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $335.72, for a total transaction of $916,515.60. Following the transaction, the executive vice president owned 319,887 shares in the company, valued at $107,392,463.64. This trade represents a 0.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, September 4th. The shares were sold at an average price of $353.87, for a total transaction of $142,609.61. Following the completion of the sale, the director directly owned 22,170 shares in the company, valued at $7,845,297.90. This represents a 1.79% 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. Insiders sold a total of 1,231,902 shares of company stock valued at $353,686,703 in the last three months. 4.80% of the stock is currently owned by company insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
• Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
• Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
• Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
• Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert

About Snowflake

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.