7,523 Snowflake Inc. $SNOW Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. trimmed its holdings in Snowflake Inc. (NYSE:SNOW) by 7.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,891 shares of the company’s stock after selling 7,523 shares during the quarter. Snowflake accounts for approximately 3.1% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 7th biggest holding. Capital Investment Services of America Inc.’s holdings in Snowflake were worth $32,900,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Physician Wealth Advisors Inc. lifted its stake in Snowflake by 37.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company’s stock valued at $42,000 after buying an additional 34 shares in the last quarter. Nvwm LLC increased its stake in Snowflake by 0.6% during the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after buying an additional 37 shares in the last quarter. Myecfo LLC increased its stake in Snowflake by 4.1% during the 3rd quarter. Myecfo LLC now owns 968 shares of the company’s stock worth $329,000 after buying an additional 38 shares in the last quarter. Fermata Advisors LLC increased its stake in Snowflake by 4.9% during the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock worth $303,000 after buying an additional 42 shares in the last quarter. Finally, Abel Hall LLC raised its holdings in shares of Snowflake by 3.8% during 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 currently owned by institutional investors and hedge funds.

Snowflake Trading Down 1.7%

SNOW opened at $290.15 on Thursday. The stock has a market capitalization of $102.37 billion, a PE ratio of -91.24 and a beta of 1.32. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50 day moving average price is $329.92 and its 200 day moving average price is $241.01.

Snowflake (NYSE:SNOW) last posted its earnings results 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. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities research analysts expect that Snowflake Inc. will post -1.42 EPS for the current year.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of research analyst reports. Jefferies Financial Group set a $430.00 price target on Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Rosenblatt Securities increased their price objective on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Morgan Stanley raised their price objective on Snowflake from $300.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. BTIG Research lifted their target price on shares of Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $425.00 target price on shares of Snowflake in a report on Thursday, September 3rd. Thirty-six 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $413.87.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced autonomous AI agents and data-engineering tools, plus Business Ontology and expanded governance and audit controls. The features are designed to give enterprise agents trusted business context and automate data-pipeline work, potentially supporting customer adoption and usage growth. Read More. · Read More.
• Neutral Sentiment: USA Cycling selected Snowflake as its AI Data Cloud and collaboration partner. The partnership is a customer-validation point, but the announcement did not disclose its financial value. Read More.
• Negative Sentiment: Sector-wide selling weighed on Snowflake alongside other software names. Recent coverage attributed the broader weakness to concerns about AI-related spending and pressure following results from peers; this points to market sentiment rather than a newly reported Snowflake-specific setback. Read More. · Read More.
• Negative Sentiment: A Seeking Alpha article disclosed a rating downgrade, adding a cautious view of Snowflake’s AI growth story. The provided headline does not specify the downgrade’s rationale. Read More.

Insiders Place Their Bets

In other Snowflake 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 transaction of $94,929,000.00. Following the completion of the transaction, the director owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This trade represents a 94.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $16,312,532.28. Following the sale, the director owned 26,036 shares of the company’s stock, valued at approximately $8,437,226.16. This represents a 65.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,216,443 shares of company stock valued at $399,926,928. 4.80% of the stock is owned by company insiders.

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.