NewEdge Advisors LLC Lowers Stock Position in Snowflake Inc. $SNOW

Key Points

• NewEdge Advisors reduced its Snowflake position by 45.2% in the second quarter, selling 21,485 shares and retaining 26,076 shares valued at approximately $6.6 million. Institutional investors collectively own 65.1% of the company.
• Analyst sentiment remains bullish: several firms raised their price targets to roughly $425–$490, and the consensus rating is “Moderate Buy” with a $414.24 target price.
• Snowflake reported quarterly revenue of $1.55 billion and adjusted EPS of $0.62, exceeding estimates, with growth supported by AI adoption. However, the stock’s elevated valuation, negative net margin, and substantial insider selling create potential risks for investors.

NewEdge Advisors LLC cut its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 45.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,076 shares of the company's stock after selling 21,485 shares during the quarter. NewEdge Advisors LLC's holdings in Snowflake were worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC grew its position in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock worth $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its stake in Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Snowflake during the 2nd quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company's stock valued at $5,055,000 after buying an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SNOW shares. Citigroup boosted their target price on Snowflake from $395.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Citizens Jmp lifted their price target on shares of Snowflake from $408.00 to $488.00 and gave the stock a "market outperform" rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on shares of Snowflake from $285.00 to $426.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Raymond James Financial increased their target price on shares of Snowflake from $275.00 to $425.00 and gave the company an "outperform" rating in a report on Thursday, September 3rd. Finally, Needham & Company LLC lifted their target price on shares of Snowflake from $330.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Thirty-four investment 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 has a consensus rating of "Moderate Buy" and a consensus target price of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s fiscal Q2 2027 results showed 37% product-revenue growth, 126% net revenue retention, revenue of $1.55 billion and adjusted EPS of $0.62, beating estimates. Management said customers using Cortex AI and related tools are consuming more of Snowflake’s core data platform. Could Snowflake’s Big Quarter Be a Sign of More to Come?
• Positive Sentiment: Customer adoption is providing evidence of demand: Swiggy selected Snowflake as a unified data foundation and reported that its data workloads became 96% faster. The partnership spans food delivery, quick commerce and dining, supporting the case for broader enterprise usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Investor and analyst sentiment is favorable: Snowflake was selected as a CNBC “Final Trade,” while multiple firms raised price targets into the $425–$450 range. The reported analyst consensus is a “Moderate Buy” rating with a $414.24 target, suggesting potential upside if growth continues. Snowflake on CNBC’s Final Trades
• Neutral Sentiment: Recent conference commentary reinforces the strategy: Executives highlighted AI adoption, customer consumption and the opportunity to build a recurring data-and-AI growth cycle, but provided limited new financial information. Snowflake Citi Global TMT Conference Transcript
• Negative Sentiment: Valuation raises the risk of a pullback: After its sharp advance, investors appear to be pricing in sustained AI monetization and near-perfect execution. Any slowdown in consumption, margins or guidance could prompt profit-taking. Snowflake AI Story and Valuation Risk
• Negative Sentiment: Insider selling is a sentiment headwind: Directors Mark Garrett and Michael Speiser sold roughly $35.5 million of shares combined, while EVP Christian Kleinerman sold $916,516. Some transactions were made under Rule 10b5-1 plans or to cover taxes, making them less clearly bearish, but the sales may encourage near-term caution. Snowflake Insider Selling Alert

Insiders Place Their Bets

In related news, Director Michael Speiser sold 403 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $353.87, for a total value of $142,609.61. Following the sale, the director directly owned 22,170 shares of the company's stock, valued at $7,845,297.90. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,730 shares of the business's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total value of $916,515.60. Following the transaction, the executive vice president owned 319,887 shares in the company, valued at approximately $107,392,463.64. This represents a 0.85% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,231,902 shares of company stock valued at $353,686,703 over the last three months. Company insiders own 4.80% of the company's stock.

Snowflake Stock Down 0.6%

Shares of NYSE SNOW opened at $326.97 on Monday. The firm's fifty day moving average is $305.18 and its 200 day moving average is $226.22. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market cap of $115.36 billion, a price-to-earnings ratio of -102.82 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm's revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. On average, equities research analysts expect that Snowflake Inc. will post -1.6 earnings per share for the current year.

About Snowflake

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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