Sax Wealth Advisors LLC Makes New Investment in Snowflake Inc. $SNOW

Key Points

• Sax Wealth Advisors initiated a Snowflake position in the third quarter, buying 3,983 shares valued at approximately $1.35 million. Institutional investors collectively own 65.1% of Snowflake.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and adjusted earnings of $0.62 per share, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $414.24.
• AI and data-platform adoption are supporting the growth outlook through expanded integrations and customer partnerships, but valuation remains a concern. Recent insider selling and a Phillip Securities downgrade to “moderate buy” highlight execution and pricing risks.

Sax Wealth Advisors LLC purchased a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,983 shares of the company's stock, valued at approximately $1,352,000.

A number of other large investors have also made changes to their positions in the company. FNY Investment Advisers LLC acquired a new position in Snowflake in the second quarter valued at about $1,399,000. Silicon Valley Capital Partners increased its holdings in shares of Snowflake by 15.2% in the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company's stock worth $15,801,000 after acquiring an additional 8,208 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Snowflake by 105.0% in the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company's stock worth $14,017,000 after acquiring an additional 47,601 shares in the last quarter. Diversify Wealth Management LLC raised its position in shares of Snowflake by 395.3% during the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company's stock worth $17,371,000 after purchasing an additional 98,172 shares during the period. Finally, Swiss National Bank raised its position in shares of Snowflake by 7.1% during the first quarter. Swiss National Bank now owns 944,600 shares of the company's stock worth $142,465,000 after purchasing an additional 62,600 shares during the period. Institutional investors own 65.10% of the company's stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Broader data and AI ecosystem: Snowflake continues expanding its platform through integrations and partner validations. UiPath’s expanded two-way integration is designed to keep enterprise data within Snowflake while enabling automation and AI agents, potentially strengthening customer retention and the company’s data-platform moat. Can Snowflake’s UiPath Integration Deepen Its Data Moat Or Blur Its AI Strategy?
• Positive Sentiment: Partner and customer adoption: Treasure AI received Snowflake Ready Technology Validation, while InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences. ATTOM also introduced Semantic Views for its property data delivered through Snowflake, making complex real-estate information easier to query and analyze. These announcements support Snowflake’s positioning as infrastructure for governed enterprise data and AI use cases. Treasure AI Achieves Snowflake Ready Technology Validation InsuranceMarket.ae Builds Trusted Data Foundation on Snowflake ATTOM Introduces Semantic Views for Property Data in Snowflake
• Neutral Sentiment: Snowflake’s Chief Data and AI Officer said enterprises are moving AI projects from experimentation into production, emphasizing governance, security and trusted data. The comments reinforce the long-term opportunity but did not provide new financial guidance. Snowflake’s Anahita Tafvizi on Scaling AI From Experiments to Production
• Negative Sentiment: Valuation concerns: Analysts and commentators questioned whether Snowflake’s valuation can be supported by its sales growth, despite substantial recent gains and enthusiasm around AI. One analysis also noted potential risks in the economics of its AI business, increasing sensitivity to execution and future growth. Snowflake Stock Looks Fully Priced Is Snowflake Stock Riskier Than It Looks?
• Negative Sentiment: Brokerage downgrade: Phillip Securities lowered Snowflake from “strong buy” to “moderate buy,” reinforcing concerns that the stock’s elevated valuation leaves less room for disappointment. Snowflake Stock Bumped Down to Moderate Buy by Phillip Securities

Snowflake Stock Performance

SNOW opened at $334.32 on Thursday. The business's 50-day moving average price is $333.37 and its two-hundred day moving average price is $253.25. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a market capitalization of $117.95 billion, a price-to-earnings ratio of -105.13 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.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company's quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts expect that Snowflake Inc. will post -1.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several recent analyst reports. Barclays lifted their price objective on Snowflake from $332.00 to $384.00 and gave the company an "equal weight" rating in a report on Thursday, September 3rd. Morgan Stanley increased their target price on Snowflake from $300.00 to $470.00 and gave the stock an "overweight" rating in a research note on Thursday, September 3rd. KeyCorp raised their target price on shares of Snowflake from $285.00 to $325.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Argus raised their target price on shares of Snowflake from $300.00 to $450.00 and gave the stock a "buy" rating in a report on Friday, September 4th. Finally, The Goldman Sachs Group lifted their price target on shares of Snowflake from $300.00 to $436.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Thirty-five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $414.24.

Insiders Place Their Bets

In other Snowflake news, CAO Emily Ho sold 768 shares of the company's stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total transaction of $255,690.24. Following the completion of the transaction, the chief accounting officer owned 39,958 shares of the company's stock, valued at $13,303,216.94. This represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Beaulier sold 755 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $336.36, for a total value of $253,951.80. Following the transaction, the executive directly owned 211,619 shares of the company's stock, valued at approximately $71,180,166.84. This trade represents a 0.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,246,429 shares of company stock worth $396,227,952 in the last 90 days. Company insiders own 4.80% of the company's stock.

About Snowflake

Snowflake Inc NYSE: SNOW provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake's services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.

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