Snowflake Inc. $SNOW Shares Newly Bought by Partners Wealth Management LLC

Key Points

• Partners Wealth Management LLC bought a new Snowflake stake of 4,661 shares worth approximately $1.58 million in the third quarter. Institutional investors collectively own 65.1% of SNOW.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and earnings of $0.62 per share, beating analyst expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $413.87.
• Despite growth prospects and Oracle’s expanded integration with Snowflake, investors face valuation and sentiment risks: the stock trades near $330 with a negative P/E, while insiders sold 1.22 million shares worth roughly $399.8 million over the past 90 days.

Partners Wealth Management LLC bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,661 shares of the company's stock, valued at approximately $1,583,000.

Several other institutional investors also recently modified their holdings of SNOW. Physician Wealth Advisors Inc. increased its position in shares of Snowflake by 37.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 124 shares of the company's stock valued at $42,000 after purchasing an additional 34 shares during the last quarter. Nvwm LLC raised its stake in shares of Snowflake by 0.6% during the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company's stock worth $2,110,000 after purchasing an additional 37 shares during the period. Myecfo LLC boosted its holdings in shares of Snowflake by 4.1% in the 3rd quarter. Myecfo LLC now owns 968 shares of the company's stock worth $329,000 after buying an additional 38 shares during the last quarter. Fermata Advisors LLC boosted its holdings in shares of Snowflake by 4.9% in the 3rd quarter. Fermata Advisors LLC now owns 893 shares of the company's stock worth $303,000 after buying an additional 42 shares during the last quarter. Finally, Abel Hall LLC grew its position in Snowflake by 3.8% during the third quarter. Abel Hall LLC now owns 1,189 shares of the company's stock valued at $404,000 after buying an additional 44 shares during the period. 65.10% of the stock is owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands distribution: Oracle is adding Snowflake’s AI Data Cloud as a native, first-party service on Oracle Cloud Infrastructure. Customers can use Oracle Universal Credits to pay for Snowflake consumption, simplifying procurement and billing and potentially improving access to Oracle’s enterprise customer base. Snowflake becomes a native AI Data Cloud service on Oracle Cloud
• Positive Sentiment: AI growth narrative remains intact: Recent coverage highlights Snowflake’s strong 2026 performance, supported by two earnings reports that raised full-year product-revenue guidance. Analysts and investors continue to view data infrastructure and AI workloads as potential long-term growth drivers. Snowflake AI growth and 2026 outlook
• Neutral Sentiment: Competitive AI debate: A public discussion between the Snowflake and Databricks CEOs underscores intense competition in AI and data platforms. The debate may increase industry attention but does not provide a clear near-term earnings catalyst. Snowflake and Databricks CEOs debate growth and AI
• Negative Sentiment: Sector weakness and valuation pressure: Technology and software stocks faced a broader pullback amid renewed concerns about AI spending, profitability and rich multiples. With Snowflake trading at a premium after a substantial run, investors may be taking profits and demanding stronger near-term results.
• Negative Sentiment: Heavy insider selling: Quiver Quantitative reported 279 insider sales and no purchases over the past six months. While some transactions may reflect scheduled selling or diversification, the absence of insider buying can reinforce caution at elevated valuation levels.

Analysts Set New Price Targets

Several brokerages have commented on SNOW. Citigroup lifted their price objective on shares of Snowflake from $395.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. Jefferies Financial Group set a $430.00 price target on shares of Snowflake and gave the stock a "buy" rating in a research note on Thursday, September 3rd. Piper Sandler restated an "overweight" rating and set a $450.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Snowflake in a report on Tuesday, September 8th. Finally, Rosenblatt Securities upped their price objective on Snowflake from $285.00 to $345.00 and gave the company a "buy" rating in a research note on Tuesday, September 1st. Thirty-six investment 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 a consensus price target of $413.87.

Snowflake Stock Down 3.0%

SNOW opened at $329.81 on Friday. The company has a fifty day moving average price of $332.19 and a 200-day moving average price of $239.33. The firm has a market capitalization of $116.36 billion, a P/E ratio of -103.71 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 Inc. has a one year low of $118.30 and a one year high of $384.56.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share 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 46.32%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $0.35 earnings per share. Snowflake's quarterly revenue was up 35.1% on a year-over-year basis. Equities research analysts expect that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, Director Michael Speiser sold 403 shares of the company's stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $344.00, for a total value of $138,632.00. Following the completion of the transaction, the director directly owned 21,767 shares in the company, valued at approximately $7,487,848. This represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of Snowflake stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the sale, the director owned 19,024 shares in the company, valued at $6,019,764.32. This represents a 94.04% 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 sold 1,216,443 shares of company stock valued at $399,836,828 over the last ninety days. Corporate insiders own 4.80% of the company's stock.

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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