7,513 Shares in Snowflake Inc. $SNOW Acquired by Bull Harbor Capital LLC

Bull Harbor Capital LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 1st quarter, HoldingsChannel reports. The firm bought 7,513 shares of the company’s stock, valued at approximately $1,133,000.

Several other institutional investors have also modified their holdings of SNOW. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake in the fourth quarter valued at about $29,000. Physician Wealth Advisors Inc. boosted its stake in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. Emerald Advisers LLC boosted its stake in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. Finally, MV Capital Management Inc. acquired a new stake in shares of Snowflake during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $283.55 on Thursday. The firm has a 50 day moving average of $245.62 and a two-hundred day moving average of $196.12. The stock has a market capitalization of $98.28 billion, a PE ratio of -80.55 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $293.56.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. On average, research analysts predict that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 437,076 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the sale, the director directly owned 38,046 shares in the company, valued at approximately $9,603,951.78. This represents a 91.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the transaction, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This represents a 91.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,102,015 shares of company stock valued at $504,063,952. 4.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Piper Sandler lifted their target price on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Barclays boosted their target price on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research report on Thursday, June 4th. Benchmark upped their price target on Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial restated an “outperform” rating and set a $275.00 price target on shares of Snowflake in a research report on Thursday, May 28th. Thirty-four 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. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $296.27.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: New AI governance products strengthen Snowflake’s enterprise positioning. Snowflake launched the Cortex AI Gateway and related security innovations to provide centralized monitoring, activity controls, cost management and secure interoperability for AI agents. These tools address major barriers to corporate AI adoption and could increase platform usage as customers scale agentic-AI deployments. Snowflake launches AI agent governance layer to track activity, control costs
• Positive Sentiment: Analysts see significant additional upside. Wells Fargo reportedly reiterated a bullish view, citing an opportunity for the software stock to gain as much as 85% after its earlier decline. Snowflake’s enterprise-AI expansion, security features and product-revenue guidance calling for approximately 30% growth are supporting the optimistic outlook. Wells Fargo says this software stock can surge 85%
• Positive Sentiment: Partnership activity reinforces the AI-security narrative. 1Password joined Snowflake to address trusted agent interoperability, potentially improving the credibility and adoption of Snowflake’s security and governance offering. 1Password joins Snowflake to tackle AI security
• Neutral Sentiment: Technical momentum has improved. A reported golden-cross setup and a cup-with-handle pattern suggest stronger chart momentum, with technical traders watching a potential breakout near the pattern’s entry level. Snowflake flashes golden cross after sell-off
• Negative Sentiment: Heavy insider selling may concern investors. Director Frank Slootman sold roughly $79.5 million of shares on July 20 and another $2.8 million on July 21, while director Benoit Dageville sold approximately $18.4 million. The transactions were made under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals, but they can still weigh on sentiment.

About Snowflake

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.