Snowflake Inc. $SNOW Shares Acquired by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP increased its Snowflake stake by 434.3% in the second quarter, buying 127,511 additional shares to hold 156,869 shares valued at approximately $39.9 million. Institutional investors collectively own 65.1% of the company.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and adjusted EPS of $0.62, beating analysts’ expectations of $0.45. Management cited growing AI adoption and raised guidance, though the company remains unprofitable with a negative net margin.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $414.24, but valuation risk remains significant. Insiders sold 1.13 million shares worth about $317.3 million over the past three months.

Engineers Gate Manager LP increased its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 434.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,869 shares of the company's stock after buying an additional 127,511 shares during the quarter. Snowflake comprises about 0.5% of Engineers Gate Manager LP's investment portfolio, making the stock its 25th biggest position. Engineers Gate Manager LP's holdings in Snowflake were worth $39,923,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SNOW. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth approximately $29,000. Basecamp Wealth Advisors LLC raised its holdings in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock valued at $30,000 after buying an additional 118 shares during the period. Emerald Advisers LLC raised its holdings in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the period. Finally, MV Capital Management Inc. acquired a new position in Snowflake during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Stock Down 0.7%

Shares of NYSE:SNOW opened at $334.86 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $384.56. The company has a 50 day moving average of $301.03 and a two-hundred day moving average of $222.85. The company has a market capitalization of $116.06 billion, a price-to-earnings ratio of -105.30 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The business's quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts forecast that Snowflake Inc. will post -1.8 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $380.00, for a total value of $3,800,000.00. Following the transaction, the executive vice president owned 18,568 shares in the company, valued at $7,055,840. The trade was a 35.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $130,596.18. Following the completion of the transaction, the director directly owned 22,573 shares of the company's stock, valued at approximately $7,315,006.38. The trade was a 1.75% 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. In the last three months, insiders sold 1,128,431 shares of company stock valued at $317,314,470. Corporate insiders own 4.80% of the company's stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Management said AI services are creating a “flywheel effect” by increasing customer usage and encouraging additional spending. The CEO suggested that stronger-than-expected quarters could continue as customers adopt Snowflake’s AI offerings. Snowflake CEO: AI is unleashing a flywheel effect on our business
• Positive Sentiment: Snowflake’s product revenue increased 37% year over year, while recent results exceeded Wall Street expectations and guidance was raised. The performance supports the company’s strategy of expanding its AI Data Cloud and competing with larger analytics providers such as Oracle and Dell Technologies. Snowflake Expands in Cloud Analytics: Can It Challenge DELL & ORCL?
• Positive Sentiment: Investors have responded favorably to evidence that AI demand is translating into actual consumption and revenue growth. Snowflake’s shares rose roughly 17% following earnings, outperforming other AI software names whose results offered less evidence of monetization. Snowflake stock explodes 17% as AI fears suddenly flip
• Neutral Sentiment: At the Goldman Sachs Communacopia + Technology Conference, management discussed Snowflake’s growth and AI strategy, giving investors additional detail but no clearly new catalyst beyond its recent earnings update. Snowflake at Goldman Sachs Communacopia + Technology Conference
• Negative Sentiment: Valuation is the main pressure point. Despite improving growth, SNOW reportedly trades at approximately 152 times expected fiscal 2027 earnings, leaving the stock vulnerable to profit-taking or disappointment if AI adoption slows. Snowflake's Growth Is Accelerating. So Is the Valuation Risk

Wall Street Analyst Weigh In

SNOW has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Snowflake from $400.00 to $475.00 and gave the stock an "outperform" rating in a research note on Thursday, September 3rd. Morgan Stanley raised their target price on shares of Snowflake from $300.00 to $470.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Jefferies Financial Group set a $430.00 target price on shares of Snowflake and gave the company a "buy" rating in a report on Thursday, September 3rd. Truist Financial set a $425.00 price target on shares of Snowflake and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $414.24.

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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