40,675 Shares in Snowflake Inc. $SNOW Bought by Kirtland Hills Capital Management LLC

Key Points

• Kirtland Hills Capital Management initiated a Snowflake position of 40,675 shares worth approximately $10.35 million, making SNOW about 2.9% of its portfolio.
• Institutional investors own 65.1% of Snowflake, while the company reported quarterly revenue of $1.39 billion and EPS of $0.39, exceeding analyst expectations; revenue grew 33.5% year over year.
• Analysts remain broadly bullish, with 34 Buy ratings and a consensus target of $320.65, but insiders sold 2.33 million shares worth roughly $607.1 million over the past 90 days.

Kirtland Hills Capital Management LLC bought a new position in Snowflake Inc. (NYSE:SNOW - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 40,675 shares of the company's stock, valued at approximately $10,352,000. Snowflake makes up about 2.9% of Kirtland Hills Capital Management LLC's investment portfolio, making the stock its 5th largest holding.

Several other large investors have also recently bought and sold shares of SNOW. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Swedbank AB increased its holdings in Snowflake by 6.0% in the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company's stock valued at $291,840,000 after purchasing an additional 75,419 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Snowflake by 8.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company's stock worth $31,639,000 after purchasing an additional 10,972 shares during the last quarter. North Dakota State Investment Board bought a new position in Snowflake during the 4th quarter worth $3,495,000. Finally, Nippon Life Global Investors Americas Inc. lifted its holdings in Snowflake by 1,052.2% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 111,990 shares of the company's stock worth $24,566,000 after buying an additional 102,270 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Price Performance

Snowflake stock opened at $332.52 on Friday. The stock has a market capitalization of $115.25 billion, a price-to-earnings ratio of -94.47 and a beta of 1.33. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $341.95. 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 stock's 50 day moving average price is $279.09 and its two-hundred day moving average price is $209.70.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business posted $0.24 EPS. Snowflake's revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities analysts predict that Snowflake Inc. will post -1.81 earnings per share for the current year.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of the sale, the executive vice president directly owned 340,379 shares of the company's stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $130,596.18. Following the transaction, the director owned 22,573 shares in the company, valued at $7,315,006.38. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,327,351 shares of company stock worth $607,085,414. 4.80% of the stock is currently owned by company insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts raised their price targets. Truist increased its target from $300 to $375 and maintained a “buy” rating, citing additional upside from Snowflake’s AI strategy and execution. Bank of America also raised its target to $395. The revisions reinforce bullish sentiment and imply further potential appreciation. Truist raises Snowflake price target
• Positive Sentiment: Snowflake introduced dynamic AI model routing. The capability in Cortex AI Gateway and other products lets customers route workloads among multiple models based on complexity, cost and governance requirements. This may improve efficiency, reduce dependence on any one model provider and make Snowflake more attractive to enterprise customers. Snowflake introduces dynamic model routing
• Positive Sentiment: The company is positioning itself as an “agentic control plane.” Commentary suggests Snowflake is seeking to manage data, governance and workflows as enterprises deploy autonomous AI agents. AI-related products are supporting reported product-revenue growth of 34%, while the company’s most recent quarterly results also exceeded revenue and earnings expectations. Snowflake’s agentic AI strategy
• Neutral Sentiment: Snowflake is being compared with Palantir as enterprise AI infrastructure. Both companies are viewed as potential beneficiaries of production AI adoption, but investors continue to weigh their differing growth, valuation and business models. Palantir and Snowflake comparison
• Negative Sentiment: Insider selling and security concerns remain risks. Director Frank Slootman sold a combined 300,000 shares for approximately $97.4 million across August 18 and 19, reducing his holdings substantially. The transactions were made under a pre-arranged Rule 10b5-1 plan, which limits their signaling value, but the scale may still weigh on sentiment. A report of a Snowflake vulnerability exploited after evading AI security checks also creates reputational and cybersecurity concerns. Snowflake insider selling

Analyst Ratings Changes

SNOW has been the topic of a number of analyst reports. KeyCorp upped their price target on Snowflake from $285.00 to $325.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. UBS Group lifted their price objective on Snowflake from $370.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on Snowflake from $245.00 to $285.00 and gave the stock an "overweight" rating in a research note on Thursday, May 28th. Needham & Company LLC upped their target price on Snowflake from $300.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Finally, Bank of America increased their target price on shares of Snowflake from $330.00 to $395.00 and gave the company a "buy" rating in a research report on Wednesday. Thirty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $320.65.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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