Glynn Capital Management LLC Cuts Stock Holdings in Snowflake Inc. $SNOW

Key Points

• Glynn Capital Management cut its Snowflake stake by 12.2% in the fourth quarter, selling 10,812 shares and leaving it with 78,147 shares worth about $17.1 million.
• Snowflake reported strong fiscal Q1 results, beating expectations with revenue up about 33.5% year over year and EPS above estimates, while also raising its annual product revenue outlook.
• Analysts remain bullish after the earnings update and AWS collaboration news, with several firms lifting price targets and the stock trading sharply higher, near its 52-week high.

Glynn Capital Management LLC reduced its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 12.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,147 shares of the company's stock after selling 10,812 shares during the quarter. Snowflake accounts for 5.9% of Glynn Capital Management LLC's portfolio, making the stock its 7th largest position. Glynn Capital Management LLC's holdings in Snowflake were worth $17,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SNOW. GoalVest Advisory LLC lifted its position in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its position in Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock valued at $36,000 after acquiring an additional 49 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its position in Snowflake by 252.2% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company's stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $141.59, for a total value of $57,060.77. Following the sale, the director directly owned 22,509 shares of the company's stock, valued at approximately $3,187,049.31. This represents a 1.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 2,141 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the sale, the chief accounting officer directly owned 44,553 shares in the company, valued at approximately $7,750,885.41. The trade was a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 484,313 shares of company stock worth $81,766,598 in the last 90 days. 4.80% of the stock is owned by corporate insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Snowflake Trading Up 36.5%

Shares of NYSE:SNOW opened at $239.22 on Friday. The company's 50-day moving average price is $155.03 and its two-hundred day moving average price is $190.49. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake Inc. has a one year low of $118.30 and a one year high of $280.67. The stock has a market capitalization of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The company's revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. On average, equities analysts forecast that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wedbush boosted their price objective on shares of Snowflake from $270.00 to $280.00 and gave the company an "outperform" rating in a research report on Thursday. Scotiabank reaffirmed an "outperform" rating on shares of Snowflake in a research report on Thursday. Needham & Company LLC boosted their price objective on shares of Snowflake from $200.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Snowflake from $245.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Benchmark boosted their price target on shares of Snowflake from $200.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $283.74.

About Snowflake

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.

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