4,758 Shares in Snowflake Inc. $SNOW Purchased by Leeward Financial Partners LLC

Leeward Financial Partners LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,758 shares of the company’s stock, valued at approximately $1,616,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Physician Wealth Advisors Inc. increased its holdings in Snowflake by 37.8% during the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock worth $42,000 after buying an additional 34 shares during the last quarter. Nvwm LLC raised its position in Snowflake by 0.6% during the third quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after acquiring an additional 37 shares in the last quarter. Myecfo LLC raised its position in Snowflake by 4.1% during the third quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after acquiring an additional 38 shares in the last quarter. Fermata Advisors LLC raised its position in Snowflake by 4.9% during the third quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after acquiring an additional 42 shares in the last quarter. Finally, Abel Hall LLC lifted its stake in Snowflake by 3.8% in the third quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock valued at $404,000 after acquiring an additional 44 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

SNOW has been the subject of a number of analyst reports. TD Cowen lifted their price objective on shares of Snowflake from $370.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada boosted their price objective on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Phillip Securities downgraded shares of Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, October 12th. Finally, Raymond James Financial lifted their price target on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a report 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $413.87.

Snowflake Stock Down 0.1%

SNOW opened at $325.26 on Monday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The stock’s fifty day simple moving average is $331.76 and its 200 day simple moving average is $261.53. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a market cap of $114.75 billion, a PE ratio of -102.28 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, research analysts expect that Snowflake Inc. will post -1.44 earnings per share for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 300,000 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the transaction, the director directly owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This represents a 94.04% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, Director Mark Garrett sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the sale, the director owned 10,074 shares of the company’s stock, valued at approximately $3,525,900. This represents a 83.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,246,429 shares of company stock valued at $408,832,628 in the last ninety days. Company insiders own 4.80% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

Snowflake Company 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.