Snowflake Inc. $SNOW Position Lessened by SBI Securities Co. Ltd.

Key Points

• SBI Securities cut its Snowflake stake by 33.7% in the third quarter, selling 4,130 shares and retaining 8,138 shares valued at approximately $2.76 million. Institutional investors and hedge funds collectively own 65.1% of SNOW.
• Snowflake reported stronger-than-expected quarterly results, with EPS of $0.62 versus $0.45 expected and revenue of $1.55 billion, up 35.1% year over year. The stock was trading at $325.26, while analysts maintained a “Moderate Buy” consensus and an average price target of $413.87.
• Insiders have been significant sellers, disposing of 1.25 million shares worth about $408.8 million over the past 90 days, though some transactions were executed under pre-arranged Rule 10b5-1 plans.

SBI Securities Co. Ltd. decreased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,138 shares of the company's stock after selling 4,130 shares during the quarter. SBI Securities Co. Ltd.'s holdings in Snowflake were worth $2,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of SNOW. Janus Henderson Group PLC increased its stake in shares of Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company's stock valued at $452,014,000 after acquiring an additional 544,960 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Snowflake by 44.7% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company's stock valued at $392,259,000 after acquiring an additional 803,110 shares during the period. Swedbank AB boosted its stake in Snowflake by 24.0% during the first quarter. Swedbank AB now owns 1,649,771 shares of the company's stock worth $248,818,000 after acquiring an additional 319,356 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Snowflake by 76.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company's stock worth $176,736,000 after acquiring an additional 509,230 shares in the last quarter. Finally, Swiss National Bank boosted its stake in 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 acquiring an additional 62,600 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Trading Up 3.6%

NYSE SNOW opened at $325.26 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The business has a 50 day moving average price of $331.76 and a 200-day moving average price of $260.74. The company has a market cap of $114.75 billion, a price-to-earnings ratio of -102.28 and a beta of 1.35.

Snowflake (NYSE:SNOW - Get Free Report) last issued 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 analysts' expectations of $1.48 billion. During the same period last year, the business earned $0.35 EPS. Snowflake's quarterly revenue was up 35.1% compared to the same quarter last year. As a group, equities analysts expect that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the transaction, the executive vice president owned 313,738 shares in the company, valued at approximately $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. 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, CRO Jonathan Beaulier sold 755 shares of the firm's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the completion of the transaction, the executive directly owned 211,619 shares in the company, valued at $71,180,166.84. This trade represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,246,429 shares of company stock worth $408,832,628 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research reports. Mizuho set a $425.00 price target on shares of Snowflake in a report on Thursday, September 3rd. The Goldman Sachs Group upped their price objective on shares of Snowflake from $300.00 to $436.00 and gave the company a "buy" rating in a report on Thursday, September 3rd. Citizens Jmp upped their price objective on shares of Snowflake from $408.00 to $488.00 and gave the company a "market outperform" rating in a report on Thursday, September 3rd. Monness Crespi & Hardt increased their price objective on shares of Snowflake from $380.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Finally, Morgan Stanley raised their target price on Snowflake from $300.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Thirty-six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $413.87.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

Snowflake Profile

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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