Snowflake Inc. $SNOW Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. decreased its position in Snowflake Inc. (NYSE:SNOW) by 13.8% during the 3rd quarter, Holdings Channel reports. The firm owned 59,671 shares of the company’s stock after selling 9,522 shares during the period. D.A. Davidson & CO.’s holdings in Snowflake were worth $20,262,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Reyes Financial Architecture Inc. purchased a new stake in Snowflake during the 3rd quarter valued at $32,000. Mather Group LLC. grew its holdings in Snowflake by 98.0% in the 3rd quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after acquiring an additional 50 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Snowflake in the third quarter valued at about $36,000. Fortitude Family Office LLC increased its position in shares of Snowflake by 146.7% in the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $38,000 after acquiring an additional 66 shares during the period. Finally, GK Wealth Management LLC purchased a new position in shares of Snowflake in the third quarter valued at about $41,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands distribution: Oracle is adding Snowflake’s AI Data Cloud as a native, first-party service on Oracle Cloud Infrastructure. Customers can use Oracle Universal Credits to pay for Snowflake consumption, simplifying procurement and billing and potentially improving access to Oracle’s enterprise customer base. Snowflake becomes a native AI Data Cloud service on Oracle Cloud
• Positive Sentiment: AI growth narrative remains intact: Recent coverage highlights Snowflake’s strong 2026 performance, supported by two earnings reports that raised full-year product-revenue guidance. Analysts and investors continue to view data infrastructure and AI workloads as potential long-term growth drivers. Snowflake AI growth and 2026 outlook
• Neutral Sentiment: Competitive AI debate: A public discussion between the Snowflake and Databricks CEOs underscores intense competition in AI and data platforms. The debate may increase industry attention but does not provide a clear near-term earnings catalyst. Snowflake and Databricks CEOs debate growth and AI
• Negative Sentiment: Sector weakness and valuation pressure: Technology and software stocks faced a broader pullback amid renewed concerns about AI spending, profitability and rich multiples. With Snowflake trading at a premium after a substantial run, investors may be taking profits and demanding stronger near-term results.
• Negative Sentiment: Heavy insider selling: Quiver Quantitative reported 279 insider sales and no purchases over the past six months. While some transactions may reflect scheduled selling or diversification, the absence of insider buying can reinforce caution at elevated valuation levels.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SNOW shares. Evercore reiterated an “outperform” rating and set a $430.00 target price on shares of Snowflake in a report on Thursday, September 3rd. Citigroup raised their target price on Snowflake from $395.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Scotiabank restated a “sector outperform” rating and set a $440.00 price target (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Argus upped their price target on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Robert W. Baird set a $450.00 price target on Snowflake in a research report on Thursday, September 3rd. Thirty-six equities research 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 data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $413.87.

Snowflake Stock Down 3.0%

Shares of Snowflake stock opened at $329.81 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a 50-day moving average of $332.19 and a 200 day moving average of $239.33. The firm has a market cap of $116.36 billion, a price-to-earnings ratio of -103.71 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion for 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%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. As a group, sell-side analysts anticipate that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark Garrett sold 50,000 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were 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 in the company, valued at $3,525,900. This represents a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 300,000 shares of Snowflake stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $316.43, for a total value of $94,929,000.00. Following the completion of the sale, the director owned 19,024 shares of the company’s stock, valued at $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. In the last three months, insiders have sold 1,216,443 shares of company stock worth $399,836,828. Corporate insiders own 4.80% of the company’s stock.

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.