Snowflake (NYSE:SNOW) CRO Jonathan Mead Beaulier Sells 755 Shares of Stock

Snowflake Inc. (NYSE:SNOW) CRO Jonathan Beaulier sold 755 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total transaction of $253,951.80. Following the completion of the transaction, the executive owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. The trade was a 0.36% 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.

Jonathan Mead Beaulier also recently made the following trade(s):

• On Wednesday, September 16th, Jonathan Beaulier sold 12,292 shares of Snowflake stock. The shares were sold at an average price of $336.12, for a total value of $4,131,587.04.

Snowflake Stock Performance

Shares of SNOW opened at $334.24 on Friday. The company has a market cap of $117.92 billion, a price-to-earnings ratio of -105.11 and a beta of 1.33. The business’s fifty day simple moving average is $317.11 and its two-hundred day simple moving average is $236.53. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last announced its quarterly 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. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Research analysts anticipate that Snowflake Inc. will post -1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently made changes to their positions in the company. Nuveen LLC grew its holdings in Snowflake by 2.3% during the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after acquiring an additional 249,668 shares during the last quarter. Norges Bank bought a new position in shares of Snowflake during the 4th quarter valued at approximately $974,091,000. Janus Henderson Group PLC grew its holdings in shares of Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after purchasing an additional 544,960 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Snowflake by 44.7% in the first quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after purchasing an additional 803,110 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on SNOW shares. UBS Group lifted their price target on shares of Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Citizens Jmp raised their target price on shares of Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a report on Thursday, September 3rd. Wells Fargo & Company lifted their target price on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. The Goldman Sachs Group boosted their target price on shares of Snowflake from $300.00 to $436.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $425.00 price target on Snowflake in a report on Thursday, September 3rd. Thirty-four 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s partnership with CrowdStrike brings the Falcon security platform to the Snowflake Marketplace. Customers can use pre-committed Snowflake capacity to purchase Falcon subscriptions, while deeper data interoperability could increase marketplace activity, platform usage, and enterprise demand. CrowdStrike and Snowflake partnership
• Positive Sentiment: Investor commentary from Tributary Capital highlighted accelerating product adoption and a strengthening profit outlook, supporting the bullish case for Snowflake’s AI-driven growth. The company’s latest reported quarter also exceeded expectations, with revenue of $1.55 billion and EPS of $0.62 versus consensus of $1.48 billion and $0.45, respectively. Snowflake profit outlook article
• Positive Sentiment: Snowflake received a Zacks upgrade to Rank #2, or “Buy,” reflecting improved expectations for earnings. Analysts remain broadly constructive, with a reported consensus price target of $414.24, although targets and ratings are not guarantees of future performance. Zacks Snowflake upgrade
• Neutral Sentiment: Liquibase Secure became available through the Snowflake Marketplace, expanding the platform’s partner ecosystem and governance capabilities. The announcement is strategically positive but did not disclose a material financial impact. Liquibase Secure on Snowflake Marketplace
• Negative Sentiment: Director Frank Slootman sold a combined 300,000 shares for roughly $100 million, reducing his direct holdings by more than 84%. The transactions were made under a pre-arranged trading plan, but their size can still fuel profit-taking concerns. Frank Slootman share sale
• Negative Sentiment: Snowflake’s high valuation and continuing negative net margin leave the stock sensitive to concerns that growth may be coming at the expense of profitability. A market-wide retreat in cloud shares, including Oracle, added further near-term pressure. Cloud stock selloff

About Snowflake

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.