Snowflake Inc. $SNOW Position Lifted by Sigma Planning Corp

Sigma Planning Corp boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 220.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,892 shares of the company’s stock after acquiring an additional 4,740 shares during the quarter. Sigma Planning Corp’s holdings in Snowflake were worth $2,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its position in Snowflake by 15.6% during the third quarter. Signaturefd LLC now owns 4,266 shares of the company’s stock worth $1,449,000 after buying an additional 575 shares during the period. Simplicity Wealth LLC lifted its position in shares of Snowflake by 93.9% during the 3rd quarter. Simplicity Wealth LLC now owns 3,346 shares of the company’s stock valued at $1,136,000 after acquiring an additional 1,620 shares during the period. Sowell Financial Services LLC lifted its position in shares of Snowflake by 22.0% during the 3rd quarter. Sowell Financial Services LLC now owns 3,042 shares of the company’s stock valued at $1,033,000 after acquiring an additional 549 shares during the period. Evergreen Capital Management LLC increased its stake in Snowflake by 10.1% in the 3rd quarter. Evergreen Capital Management LLC now owns 935 shares of the company’s stock valued at $317,000 after purchasing an additional 86 shares in the last quarter. Finally, Gibbs Wealth Management purchased a new position in Snowflake in the 3rd quarter valued at approximately $378,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle partnership expands distribution: Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure. The integration gives enterprise customers more flexibility to deploy data and AI workloads and could broaden Snowflake’s reach and usage. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the primary catalyst: Rising customer adoption, AI-driven growth and an upbeat fiscal 2027 outlook are supporting the view that Snowflake can compete effectively with larger cloud and infrastructure companies such as Broadcom and Oracle. Snowflake also claims its AI model-routing technology can improve token efficiency. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion and ecosystem activity: Snowflake announced a projected $300 million investment in Saudi Arabia operations, while third-party applications such as Jade Global’s OmniLens AI and Optimove’s zero-copy audience tools are expanding use cases on the Snowflake platform. These developments may support future workloads and customer retention. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst sentiment is supportive but not conclusive: The average analyst price target implies approximately 28% upside, and some strategists prefer Snowflake among AI-related software names. However, consensus targets and brokerage recommendations are imperfect indicators and may already be reflected in the recent rally. How Much Upside is Left in Snowflake
• Negative Sentiment: Valuation and insider selling warrant caution: Despite improved growth expectations, Snowflake remains unprofitable on a trailing basis, and reports of insider share sales could weigh on sentiment. The stock also trades near the upper end of its 12-month range, leaving it sensitive to any slowdown in AI demand or weaker guidance. Insiders Are Selling These 5 AI Stocks

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the completion of the transaction, the executive vice president owned 313,738 shares of the company’s stock, valued at approximately $107,163,488.66. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Beaulier sold 755 shares of the business’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total value of $253,951.80. Following the completion of the transaction, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This trade represents a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,246,429 shares of company stock worth $408,832,628 in the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SNOW has been the subject of several research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. Rosenblatt Securities upped their target price on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. UBS Group raised their price target on Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. KeyCorp raised their price target on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Truist Financial set a $425.00 price target on Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Thirty-six investment 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake Price Performance

Shares of SNOW opened at $337.55 on Wednesday. The firm has a 50 day simple moving average of $331.81 and a 200-day simple moving average of $238.20. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56.

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, topping the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities analysts forecast that Snowflake Inc. will post -1.42 EPS for the current year.

Snowflake 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.