15,812 Shares of Snowflake Inc. $SNOW Bought by Heritage Wealth Management Inc. CA

Key Points

• Heritage Wealth Management initiated a $5.37 million Snowflake position by purchasing 15,812 shares in the third quarter, making SNOW its 12th-largest holding. Institutional investors collectively own 65.1% of the company.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and EPS of $0.62, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $413.87.
• Valuation and insider selling remain notable risks: SNOW traded near $339.44 with a negative P/E ratio, while insiders sold approximately $408.8 million of stock over the past 90 days.

Heritage Wealth Management Inc. CA bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 15,812 shares of the company's stock, valued at approximately $5,369,000. Snowflake makes up about 1.9% of Heritage Wealth Management Inc. CA's holdings, making the stock its 12th biggest holding.

Several other hedge funds have also modified their holdings of the stock. Silicon Valley Capital Partners lifted its position in shares of Snowflake by 15.2% during the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company's stock worth $15,801,000 after purchasing an additional 8,208 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Snowflake during the 2nd quarter valued at $1,399,000. Janney Montgomery Scott LLC grew its holdings in Snowflake by 105.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company's stock valued at $14,017,000 after purchasing an additional 47,601 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Snowflake by 395.3% during the 1st quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company's stock valued at $17,371,000 after purchasing an additional 98,172 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Snowflake by 7.1% during the 1st quarter. Swiss National Bank now owns 944,600 shares of the company's stock valued at $142,465,000 after purchasing an additional 62,600 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Up 0.6%

SNOW stock opened at $339.44 on Thursday. Snowflake Inc. has a twelve month low of $118.30 and a twelve 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. The company has a market capitalization of $119.75 billion, a P/E ratio of -106.74 and a beta of 1.35. The firm has a 50 day simple moving average of $332.08 and a 200-day simple moving average of $238.78.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business's revenue was up 35.1% compared to the same quarter last year. On average, equities research analysts predict that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SNOW shares. DA Davidson boosted their price objective on shares of Snowflake from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Needham & Company LLC reissued a "buy" rating and issued a $450.00 price objective on shares of Snowflake in a research report on Monday, October 12th. Canaccord Genuity Group raised their target price on Snowflake from $325.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $450.00 target price (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Morgan Stanley lifted their target price on Snowflake from $300.00 to $470.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Thirty-six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $413.87.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 300,000 shares of the company's stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the sale, the director owned 19,024 shares in the company, valued at approximately $6,019,764.32. This represents a 94.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $324.06, for a total transaction of $16,312,532.28. Following the transaction, the director directly owned 26,036 shares in the company, valued at $8,437,226.16. The trade was a 65.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,246,429 shares of company stock valued at $408,832,628 in the last 90 days. 4.80% of the stock is currently owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands Snowflake’s distribution. Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure (OCI). Oracle customers will be able to purchase Snowflake using Oracle Universal Credits, with unified procurement and billing. The arrangement could reduce adoption friction, improve access to enterprise customers, and support consumption growth. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the core bullish argument. Analysts and market commentary point to rising customer adoption, Snowflake’s AI capabilities, and an upbeat fiscal 2027 outlook. Two recent earnings reports reportedly raised full-year product-revenue guidance, while some investors believe management’s outlook may prove conservative. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion adds a longer-term growth opportunity. Snowflake announced a projected $300 million investment in Saudi Arabia operations, potentially strengthening its presence with government and enterprise customers in the region. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst price targets imply additional upside, and options commentary highlights bull call spreads as a lower-risk way to gain exposure. However, these are market opinions rather than new company fundamentals. Snowflake: This Growing AI Stock Is Ripe For Bullish Exposure
• Negative Sentiment: Valuation is a significant risk. After a substantial multiyear rally, Snowflake’s share price appears to discount considerable future sales and AI growth. That raises the bar for upcoming results and leaves the stock vulnerable to profit-taking if growth or guidance disappoints. Snowflake Stock Could Be Trading at a Premium

Snowflake Profile

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.

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