Snowflake Inc. $SNOW Stock: WD Rutherford LLC Trims Holdings

WD Rutherford LLC lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 11.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,466 shares of the company’s stock after selling 2,241 shares during the quarter. Snowflake makes up approximately 2.2% of WD Rutherford LLC’s holdings, making the stock its 13th biggest holding. WD Rutherford LLC’s holdings in Snowflake were worth $5,931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. raised its stake in shares of Snowflake by 5.6% in the third quarter. Oppenheimer & Co. Inc. now owns 16,443 shares of the company’s stock worth $5,583,000 after acquiring an additional 879 shares during the last quarter. WESPAC Advisors LLC acquired a new position in shares of Snowflake during the third quarter worth approximately $264,000. Verdence Capital Advisors LLC acquired a new position in shares of Snowflake during the third quarter worth approximately $413,000. Apollon Wealth Management LLC grew its stake in shares of Snowflake by 11.9% during the third quarter. Apollon Wealth Management LLC now owns 12,281 shares of the company’s stock valued at $4,170,000 after purchasing an additional 1,310 shares during the last quarter. Finally, Leeward Financial Partners LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $1,616,000. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about 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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SNOW. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Snowflake in a report on Thursday, September 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $450.00 price objective (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. KeyCorp increased their price objective on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $450.00 price objective on shares of Snowflake in a research report on Monday, October 12th. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $341.57, for a total value of $5,123,550.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the completion of the transaction, the director directly owned 19,024 shares in the company, valued at approximately $6,019,764.32. The trade was a 94.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,246,429 shares of company stock worth $408,832,628 over the last 90 days. Insiders own 4.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $337.55 on Wednesday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The business has a 50-day moving average price of $331.81 and a two-hundred day moving average price of $238.20.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. 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 company posted $0.35 earnings per share. On average, equities research analysts anticipate that Snowflake Inc. will post -1.42 earnings per share for the current year.

About Snowflake

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.