Beaconlight Capital LLC Purchases 4,109 Shares of Snowflake Inc. $SNOW

Beaconlight Capital LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 17.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 27,675 shares of the company’s stock after purchasing an additional 4,109 shares during the quarter. Snowflake accounts for approximately 3.5% of Beaconlight Capital LLC’s portfolio, making the stock its 13th largest position. Beaconlight Capital LLC’s holdings in Snowflake were worth $6,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SNOW. Norges Bank bought a new position in Snowflake during the 4th quarter worth approximately $974,091,000. Jennison Associates LLC lifted its holdings in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the period. Coatue Management LLC purchased a new stake in Snowflake in the 3rd quarter worth approximately $441,277,000. American Century Companies Inc. lifted its holdings in Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the subject of several research analyst reports. DA Davidson increased their price objective on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Morgan Stanley lifted their target price on Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Wells Fargo & Company lifted their price objective on Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Benchmark lifted their target price on Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $291.77.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced that Unlimitail chose its platform to power a privacy-preserving retail media data hub across Europe and Latin America, expanding Snowflake’s footprint in retail media and highlighting demand for its data clean room and AI data cloud products. BusinessWire article
• Positive Sentiment: Analysts at Jefferies said Snowflake still looks well-positioned despite rising competition from Databricks, arguing that both firms can benefit from continued enterprise spending on data and AI infrastructure. Proactive Investors article
• Positive Sentiment: Another analyst note said Snowflake remains attractive because of its strong cash flow and relatively lower valuation versus its growth profile, supporting the stock’s investment case. Benzinga article
• Neutral Sentiment: Snowflake also said EDO is expanding its use of Snowflake Cortex AI to power ChatEDO, a sign that customers continue to build AI products on the platform. Yahoo Finance article
• Negative Sentiment: Snowflake insiders, including director Frank Slootman, SVP Vivek Raghunathan, and EVP Christian Kleinerman, sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on equity awards. While routine, insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Investor focus also remains on intensifying competition from Databricks, which may pressure Snowflake’s growth narrative even as analysts say both companies can coexist. Proactive Investors article

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 8,066 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00. Following the sale, the director directly owned 28,535 shares of the company’s stock, valued at $6,848,400. The trade was a 22.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $245.21, for a total value of $98,819.63. Following the sale, the director directly owned 22,106 shares in the company, valued at $5,420,612.26. The trade was a 1.79% 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. Insiders sold a total of 1,493,618 shares of company stock valued at $343,531,621 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

Snowflake Price Performance

Shares of Snowflake stock opened at $234.24 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $81.19 billion, a price-to-earnings ratio of -66.55 and a beta of 1.35. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The stock’s 50-day simple moving average is $178.86 and its 200-day simple moving average is $189.60.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. As a group, analysts expect that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

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.