41,100 Snowflake Inc. $SNOW Shares Sold by Robeco Schweiz AG

Key Points

• Robeco Schweiz AG cut its Snowflake stake by 57.5% in the third quarter, selling 41,100 shares and retaining 30,400 shares valued at approximately $10.3 million.
• Snowflake insiders sold 1.25 million shares worth about $408.8 million over the past 90 days, including sizable sales by executives under pre-arranged Rule 10b5-1 plans.
• Despite insider and institutional selling, Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year and above estimates, while analysts maintained a “Moderate Buy” consensus with an average price target of $413.87.

Robeco Schweiz AG lessened its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 57.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,400 shares of the company's stock after selling 41,100 shares during the period. Robeco Schweiz AG's holdings in Snowflake were worth $10,323,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SNOW. Physician Wealth Advisors Inc. raised its stake in Snowflake by 37.8% during the third quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company's stock worth $42,000 after purchasing an additional 34 shares during the period. Nvwm LLC increased its holdings in shares of Snowflake by 0.6% during the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company's stock worth $2,110,000 after buying an additional 37 shares during the last quarter. Myecfo LLC increased its holdings in shares of Snowflake by 4.1% during the 3rd quarter. Myecfo LLC now owns 968 shares of the company's stock worth $329,000 after buying an additional 38 shares during the last quarter. Fermata Advisors LLC raised its position in shares of Snowflake by 4.9% during the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company's stock valued at $303,000 after buying an additional 42 shares during the period. Finally, Abel Hall LLC raised its position in shares of Snowflake by 3.8% during the 3rd quarter. Abel Hall LLC now owns 1,189 shares of the company's stock valued at $404,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company's stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company's stock in a transaction that occurred on 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 sale, the director owned 26,036 shares in the company, valued at $8,437,226.16. The trade was a 65.91% decrease in their ownership of the stock. 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 have sold 1,246,429 shares of company stock worth $408,832,628. 4.80% of the stock is currently owned by company insiders.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

Snowflake Stock Performance

Shares of Snowflake stock opened at $325.26 on Friday. The stock has a market capitalization of $114.75 billion, a price-to-earnings ratio of -102.28 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $331.76 and a 200 day moving average of $260.74. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56.

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 company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business's revenue for the quarter was up 35.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on SNOW shares. Benchmark upped their price objective on Snowflake from $290.00 to $360.00 and gave the company a "buy" rating in a report on Tuesday, August 25th. Royal Bank Of Canada raised their target price on Snowflake from $372.00 to $440.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Oppenheimer lifted their target price on Snowflake from $400.00 to $475.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Bank of America upped their price target on Snowflake from $330.00 to $395.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $450.00 price target on shares of Snowflake in a report on Monday, October 12th. Thirty-six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $413.87.

Snowflake Company 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.

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW - Free Report).

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.