FNY Investment Advisers LLC Acquires New Stake in Snowflake Inc. $SNOW

FNY Investment Advisers LLC bought a new position in shares of Snowflake Inc. (NYSE:SNOW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,500 shares of the company’s stock, valued at approximately $1,399,000.

A number of other institutional investors have also added to or reduced their stakes in the business. HHM Wealth Advisors LLC grew its holdings in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. United Asset Strategies Inc. raised its stake in Snowflake by 1.4% in the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Johnson Investment Counsel Inc. lifted its position in Snowflake by 4.5% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after purchasing an additional 60 shares during the last quarter. Finally, Great Valley Advisor Group Inc. lifted its position in Snowflake by 4.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after purchasing an additional 60 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $297.00, for a total value of $2,970,000.00. Following the transaction, the executive vice president owned 365,379 shares in the company, valued at approximately $108,517,563. The trade was a 2.66% decrease in their ownership of the stock. The transaction 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 Teresa Briggs sold 343 shares of the business’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $255.11, for a total transaction of $87,502.73. Following the completion of the transaction, the director owned 5,060 shares in the company, valued at $1,290,856.60. The trade was a 6.35% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 2,091,260 shares of company stock valued at $508,844,831. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on SNOW. Barclays boosted their price target on shares of Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Cantor Fitzgerald lifted their price objective on shares of Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Citizens Jmp reiterated a “market outperform” rating and issued a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. HSBC set a $289.00 target price on Snowflake and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Mizuho raised their price target on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Thirty-four 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.68.

Snowflake Price Performance

Shares of Snowflake stock opened at $318.02 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake Inc. has a one year low of $118.30 and a one year high of $323.10. The business’s 50 day simple moving average is $260.67 and its two-hundred day simple moving average is $200.20. The stock has a market capitalization of $110.23 billion, a P/E ratio of -90.35 and a beta of 1.33.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Analysts forecast that Snowflake Inc. will post -1.84 EPS for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI platform expansion: Snowflake introduced Cortex AI Gateway, which helps enterprises govern AI agents, control costs and strengthen security. The product could increase Snowflake’s role in managing production-grade enterprise AI workloads. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Growing ecosystem: Snowflake expanded its collaboration with phData to help customers deploy governed AI applications and modernize analytics. Zeotap also launched a composable customer-data-platform application on the Snowflake Marketplace, supporting broader platform adoption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Constructive Wall Street view: BTIG issued a bullish outlook, while Snowflake’s average analyst rating remains “Moderate Buy.” Heavy activity in long-dated put options also indicates that some investors are willing to make bullish commitments at lower prices. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming updates: Snowflake will participate in investor conferences and is scheduled to report fiscal second-quarter 2027 results on September 2. Investors will look for evidence that AI demand is translating into consumption growth and improved profitability. Snowflake Investor Conferences
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves compromised customer credentials and a lack of multifactor authentication rather than a newly announced breach, it could renew concerns about platform security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks
• Negative Sentiment: Insider selling and valuation: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale is relatively small compared with his remaining stake, but repeated insider sales may concern investors after SNOW’s sharp rally and premium valuation. Christian Kleinerman Sells Snowflake Shares

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.