Snowflake Inc. $SNOW Position Lessened by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC reduced its Snowflake position by 26.1% in the third quarter, selling 32,030 shares and retaining 90,707 shares valued at approximately $30.4 million. Institutional investors collectively own 65.1% of the company.
• Analyst sentiment remains positive: 36 analysts rate Snowflake a Buy, with a consensus rating of “Moderate Buy” and an average price target of $413.87. Several firms recently raised their targets to between $425 and $500.
• Snowflake reported 35.1% year-over-year revenue growth to $1.55 billion and beat quarterly EPS estimates, but it continues to post losses, including a negative 20.07% net margin. Insiders sold roughly $313.9 million in shares during the last quarter, including a large sale by Director Frank Slootman.

Diversify Advisory Services LLC cut its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 26.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,707 shares of the company's stock after selling 32,030 shares during the period. Diversify Advisory Services LLC's holdings in Snowflake were worth $30,393,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SNOW. Prime Capital Investment Advisors LLC increased its holdings in Snowflake by 233.1% in the third quarter. Prime Capital Investment Advisors LLC now owns 5,739 shares of the company's stock valued at $1,949,000 after buying an additional 4,016 shares in the last quarter. Prentice Wealth Management LLC raised its position in shares of Snowflake by 13.1% in the third quarter. Prentice Wealth Management LLC now owns 2,236 shares of the company's stock worth $759,000 after acquiring an additional 259 shares during the period. Net Worth Advisory Group acquired a new position in shares of Snowflake in the third quarter worth about $220,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Snowflake by 3.5% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,472 shares of the company's stock worth $20,194,000 after acquiring an additional 1,987 shares during the period. Finally, Novem Group purchased a new stake in shares of Snowflake during the 3rd quarter worth about $254,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of analyst reports. TD Cowen raised their target price on Snowflake from $370.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Argus lifted their price target on Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a research note on Friday, September 4th. Truist Financial set a $425.00 price target on Snowflake and gave the company a "buy" rating in a research note on Thursday, September 3rd. UBS Group upped their price target on Snowflake from $425.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, KeyCorp increased their price target on Snowflake from $285.00 to $325.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Thirty-six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $413.87.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s consumption-based cloud data platform continues to benefit from AI adoption. The company’s revenue recently grew 35% year over year to $1.55 billion, exceeding analyst expectations, while adjusted earnings also surpassed estimates. Its partnerships and collaborations around secure data movement, sovereign AI and government workloads could create additional demand for Snowflake’s platform. Snowflake Grows Revenue 35% and Still Loses Money on Every Dollar
• Positive Sentiment: Broader optimism about the AI infrastructure spending cycle is supporting Snowflake’s investment narrative. Technology analyst Dan Ives argued that the AI buildout remains in its early stages, with Snowflake among the companies positioned to benefit as enterprises direct more spending toward data, computing and AI applications. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Recent commentary highlights Snowflake’s strong market performance and the possibility of further gains ahead of its next earnings report. However, these are largely market outlooks and price predictions rather than new company fundamentals. Price Prediction: Snowflake Will Hit $400 on This Date
• Negative Sentiment: Investors remain concerned that Snowflake still loses money despite rapid revenue growth. The company has a negative net margin and negative return on equity, while its elevated valuation leaves less room for disappointing consumption trends, weaker AI spending or cautious corporate budgets. Comparisons with more profitable technology companies also expose Snowflake’s ongoing path to sustained earnings as a risk. UiPath vs. Snowflake: Which Technology Stock Is a Better Buy?

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 251,010 shares of Snowflake stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $325.53, for a total value of $81,711,285.30. Following the sale, the director directly owned 28,535 shares in the company, valued at approximately $9,288,998.55. The trade was a 89.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake 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 completion of the sale, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. 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. Insiders have sold 946,429 shares of company stock worth $313,903,628 in the last quarter. Company insiders own 4.80% of the company's stock.

Snowflake Stock Performance

NYSE:SNOW opened at $319.56 on Wednesday. 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 $112.74 billion, a PE ratio of -100.49 and a beta of 1.35. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The company has a fifty day moving average of $332.54 and a two-hundred day moving average of $257.95.

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

About Snowflake

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.

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