Snowflake (NYSE:SNOW) Director Michael Speiser Sells 50,338 Shares of Company Stock

Snowflake Inc. (NYSE:SNOW) Director Michael Speiser sold 50,338 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $344.00, for a total transaction of $17,316,272.00. Following the completion of the transaction, the director owned 24,356 shares of the company’s stock, valued at $8,378,464. This represents a 67.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Price Performance

Shares of Snowflake stock traded down $0.59 during trading on Friday, hitting $341.40. The stock had a trading volume of 3,302,987 shares, compared to its average volume of 4,260,720. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $120.45 billion, a P/E ratio of -107.36 and a beta of 1.35. The business has a fifty day moving average of $323.70 and a two-hundred day moving average of $242.06. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $0.35 earnings per share. Snowflake’s revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake Inc. will post -1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SNOW shares. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on shares of Snowflake in a research note on Thursday, September 3rd. Scotiabank restated a “sector outperform” rating and set a $440.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Needham & Company LLC lifted their price target on shares of Snowflake from $330.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price target on Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Finally, UBS Group increased their price objective on Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: An analyst argues that Snowflake’s AI-fueled growth and consumption-based business model could support approximately 25% additional upside, reinforcing the bullish case after the stock’s roughly 50% advance. Snowflake Is Already Up 50%. One Analyst Still Sees 25% Further Upside.
• Positive Sentiment: Snowflake is promoting its AI Data Cloud and “agentic enterprise” strategy, potentially strengthening expectations for future AI-related demand and customer adoption. Snowflake lays out what is business needs to be truly agentic
• Positive Sentiment: A 30-day trial offering with up to $400 in incentives could help broaden customer adoption of Snowflake’s AI Data Cloud, although the effect on near-term revenue is uncertain. Snowflake will give you 30 days and up to $400 to try its AI Data Cloud
• Neutral Sentiment: Snowflake’s revenue growth remains strong and stock-based compensation is declining as a percentage of sales, but investors continue to question whether free cash flow can grow quickly enough to offset the economic cost of employee equity awards. Can Snowflake’s Growth Outrun Its Stock Compensation Bill?
• Negative Sentiment: Executives disclosed sizable stock sales: EVP Christian Kleinerman sold $5.1 million of shares, while director Michael Speiser sold approximately $17.5 million across two transactions. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their signal as discretionary bearish bets, but still add supply and may concern investors.
• Negative Sentiment: Snowflake announced an upsized $3.75 billion convertible senior-notes offering. The financing increases liquidity but may create future dilution and reflects the risks associated with funding growth through convertible debt. Snowflake Announces Upsized $3.75 Billion Convertible Senior Notes
• Negative Sentiment: Shares have decreased since the latest earnings report despite revenue and EPS exceeding estimates, indicating that valuation, guidance or post-earnings expectations remain hurdles for the stock. Why Is Snowflake Down Since Last Earnings Report?

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently bought and sold shares of the business. Polaris Financial Partners acquired a new position in shares of Snowflake in the 3rd quarter valued at about $51,000. Versant Capital Management Inc boosted its holdings in shares of Snowflake by 104.4% during the third quarter. Versant Capital Management Inc now owns 511 shares of the company’s stock worth $174,000 after purchasing an additional 261 shares during the period. Burkett Financial Services LLC purchased a new position in Snowflake during the third quarter valued at approximately $82,000. QRG Capital Management Inc. grew its position in Snowflake by 67.9% during the second quarter. QRG Capital Management Inc. now owns 82,137 shares of the company’s stock valued at $20,904,000 after purchasing an additional 33,218 shares in the last quarter. Finally, Silicon Valley Capital Partners increased its stake in Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after buying an additional 8,208 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

About Snowflake

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.