Styrax Capital LP Makes New Investment in Snowflake Inc. $SNOW

Styrax Capital LP bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 150,000 shares of the company’s stock, valued at approximately $38,175,000. Snowflake accounts for 2.5% of Styrax Capital LP’s portfolio, making the stock its 14th largest position.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Snowflake during the fourth quarter valued at $974,091,000. Jericho Capital Asset Management L.P. acquired a new position in Snowflake during the fourth quarter valued at $345,619,000. William Blair Investment Management LLC lifted its stake in Snowflake by 159.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock worth $295,477,000 after acquiring an additional 828,789 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Snowflake by 44.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after acquiring an additional 803,110 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in Snowflake by 4,284.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after acquiring an additional 680,397 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Activity

In related news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $16,312,532.28. Following the transaction, the director directly owned 26,036 shares in the company, valued at approximately $8,437,226.16. This trade represents a 65.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 289,685 shares of Snowflake stock in a transaction on Monday, July 20th. The stock was sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at $7,829,718.65. This trade represents a 91.03% 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. Insiders have sold a total of 1,131,160 shares of company stock valued at $317,966,701 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SNOW. Raymond James Financial upped their target price on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday. Evercore reiterated an “outperform” rating and issued a $430.00 price objective on shares of Snowflake in a research note on Thursday. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Thursday. Morgan Stanley boosted their price target on shares of Snowflake from $300.00 to $470.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Loop Capital lifted their price objective on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Thirty-four equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $414.24.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

Snowflake Stock Performance

SNOW opened at $338.47 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $117.31 billion, a PE ratio of -106.44 and a beta of 1.33. The stock has a 50-day moving average of $297.66 and a 200-day moving average of $220.33. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $384.56.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 47.20% and a negative net margin of 20.07%.The firm’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. As a group, equities research analysts forecast that Snowflake Inc. will post -1.8 earnings per share for the current fiscal year.

Snowflake 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.