Andra AP fonden Lowers Stake in Snowflake Inc. $SNOW

Andra AP fonden lowered its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 49.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,995 shares of the company's stock after selling 24,300 shares during the quarter. Andra AP fonden's holdings in Snowflake were worth $6,361,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in SNOW. MV Capital Management Inc. bought a new position in Snowflake during the 4th quarter valued at $32,000. Copos Capital S.a r.l. bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $35,000. SHP Wealth Management bought a new position in Snowflake in the 4th quarter worth approximately $39,000. Basecamp Wealth Advisors LLC raised its stake in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Finally, Emerald Advisers LLC raised its stake in Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks upgraded Snowflake (SNOW) to Rank #2, or “Buy,” citing improving earnings prospects. The upgrade could provide near-term support, although it is based on analyst expectations rather than new company guidance. Snowflake Zacks upgrade
• Positive Sentiment: Liquibase Secure became available through Snowflake Marketplace, expanding the platform’s partner ecosystem and giving customers additional database-change governance tools. The announcement is strategically positive but is unlikely to materially affect near-term revenue by itself. Liquibase Secure on Snowflake Marketplace
• Positive Sentiment: Jim Cramer said Snowflake has “caught fire in recent months,” reinforcing the bullish narrative around its data platform, enterprise software demand and AI opportunity. Jim Cramer comments on Snowflake
• Neutral Sentiment: Brokerage recommendations remain broadly favorable, with a reported “Moderate Buy” consensus and average target near $414. However, the articles caution that sell-side ratings can be overly optimistic and should not be treated as a standalone investment signal. Snowflake brokerage recommendations
• Negative Sentiment: A Trefis analysis questioned whether Snowflake is sacrificing margins to sustain growth. The concern is significant because the company remains unprofitable, with a negative net margin, while its stock has already substantially outperformed the broader market. Snowflake growth and margin analysis
• Negative Sentiment: Director Frank Slootman sold about 300,000 shares for approximately $100.3 million, reducing his direct ownership by more than 84%. The sales were made under a pre-arranged Rule 10b5-1 plan, but their size may heighten profit-taking concerns. Snowflake insider sale filing
• Negative Sentiment: EVP Christian Kleinerman sold 2,622 shares worth about $903,000 to cover tax withholding on vested equity awards. Because the transaction was tax-related and reduced his holdings by only 0.79%, it is a relatively minor bearish signal. Snowflake executive sale filing

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. Barclays lifted their price objective on shares of Snowflake from $332.00 to $384.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Citigroup upped their price objective on shares of Snowflake from $395.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Scotiabank reiterated a "sector outperform" rating and issued a $440.00 target price (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Guggenheim reiterated a "neutral" rating on shares of Snowflake in a research note on Thursday, September 3rd. Thirty-four 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 company. According to MarketBeat.com, Snowflake currently has a consensus rating of "Moderate Buy" and an average target price of $414.24.

Snowflake Trading Down 0.4%

Shares of NYSE:SNOW opened at $335.32 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $118.30 billion, a price-to-earnings ratio of -105.45 and a beta of 1.33. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The company has a 50 day moving average price of $315.82 and a 200 day moving average price of $235.45.

Snowflake (NYSE:SNOW - Get Free Report) last announced its 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 return on equity of 46.32% and a negative net margin of 20.07%.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 previous year, the firm earned $0.35 earnings per share. Snowflake's revenue for the quarter was up 35.1% compared to the same quarter last year. On average, research analysts anticipate that Snowflake Inc. will post -1.57 EPS for the current fiscal year.

Insider Activity

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $318.51, for a total transaction of $1,234,544.76. Following the transaction, the senior vice president directly owned 240,453 shares in the company, valued at approximately $76,586,685.03. The trade was a 1.59% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Emily Ho sold 768 shares of the business's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total transaction of $255,690.24. Following the sale, the chief accounting officer directly owned 39,958 shares in the company, valued at approximately $13,303,216.94. This trade represents a 1.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,333,861 shares of company stock worth $412,476,487. 4.80% of the stock is owned by company insiders.

Snowflake Company Profile

Snowflake Inc NYSE: SNOW is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.

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