Snowflake Inc. $SNOW Shares Acquired by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 439.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,181 shares of the company's stock after purchasing an additional 5,851 shares during the quarter. Ameritas Advisory Services LLC's holdings in Snowflake were worth $1,828,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock valued at $9,556,000 after buying an additional 29,320 shares during the period. Intech Investment Management LLC increased its stake in shares of 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 acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock worth $47,000 after acquiring an additional 73 shares during the period. Flow Traders U.S. LLC purchased a new position in Snowflake during the second quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company lifted its position in Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company's stock valued at $5,055,000 after purchasing an additional 1,521 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $380.00, for a total transaction of $3,800,000.00. Following the completion of the transaction, the executive vice president owned 18,568 shares of the company's stock, valued at approximately $7,055,840. This trade represents a 35.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 48,990 shares of the business's stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the completion of the transaction, the director directly owned 28,535 shares of the company's stock, valued at approximately $9,153,457.30. This trade represents a 63.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,229,172 shares of company stock worth $352,770,188 in the last 90 days. Corporate insiders own 4.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SNOW. Scotiabank reissued a "sector outperform" rating and set a $440.00 target price (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. BTIG Research upped their price objective on Snowflake from $340.00 to $424.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Raymond James Financial increased their price objective on Snowflake from $275.00 to $425.00 and gave the stock an "outperform" rating in a research report on Thursday, September 3rd. Sanford C. Bernstein raised their target price on Snowflake from $195.00 to $250.00 and gave the company a "market perform" rating in a report on Thursday, May 28th. Finally, Rosenblatt Securities upped their price target on shares of Snowflake from $285.00 to $345.00 and gave the stock a "buy" rating in a research note on Tuesday, September 1st. Thirty-four equities 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 company. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $414.24.

Snowflake Price Performance

Shares of NYSE SNOW opened at $331.41 on Thursday. The company has a current ratio of 0.94, a quick ratio of 1.05 and a debt-to-equity ratio of 1.06. The company's 50-day moving average price is $302.45 and its 200 day moving average price is $223.92. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The stock has a market cap of $114.87 billion, a price-to-earnings ratio of -104.22 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 (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company'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 firm earned $0.35 earnings per share. As a group, research analysts forecast that Snowflake Inc. will post -1.62 earnings per share for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Accelerating growth and strong guidance: Snowflake reported 37% year-over-year product-revenue growth, a 126% net revenue retention rate, and quarterly revenue and adjusted EPS above consensus expectations. The company also raised guidance, reinforcing expectations for continued growth. Snowflake: Blowout Guidance, Growth Acceleration, High Margin Play On AI
• Positive Sentiment: AI is becoming a growth catalyst: Management says customers are increasingly paying for additional AI services, creating a potential “flywheel” of greater data usage and consumption. Demand for Cortex AI and other high-margin offerings is supporting the bullish case for Snowflake’s cloud analytics expansion. Snowflake CEO: AI is unleashing a flywheel effect on our business
• Positive Sentiment: Investor focus remains favorable: Commentary on the AI trade highlighted Snowflake’s accelerating cloud consumption and software economics, while contrasting its performance with pullbacks in some AI hardware names. Snowflake’s enterprise adoption also strengthens its competitive positioning against Dell Technologies and Oracle. What Investors Need To Understand About Broadcom, Credo and Snowflake Earnings
• Neutral Sentiment: Snowflake executives continued outlining how software companies can adapt to the AI era at recent media appearances and the Goldman Sachs Communacopia + Technology Conference. These discussions provided strategic context but introduced no major new financial disclosure. Snowflake Communacopia Conference Transcript
• Negative Sentiment: Valuation risk is significant: Despite improving growth, Snowflake’s shares trade at a very demanding multiple—reported at roughly 152 times expected fiscal 2027 earnings—leaving the stock vulnerable if growth or AI monetization slows. Snowflake's Growth Is Accelerating. So Is the Valuation Risk
• Negative Sentiment: Director sale adds a signaling concern: Director Michael Speiser sold approximately 50,741 shares for about $18.0 million, reducing his reported holdings substantially. The transactions occurred under a pre-arranged Rule 10b5-1 plan, which makes them less indicative of a discretionary bearish view, but the size may still weigh on sentiment. SEC insider transaction filing

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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