Snowflake Inc. $SNOW Stock Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson reduced its Snowflake stake by 13.8% in the third quarter, selling 9,522 shares and retaining 59,671 shares valued at approximately $20.3 million. Institutional investors collectively own 65.1% of the company.
• Analyst sentiment remains positive: 36 analysts rate Snowflake a Buy, five rate it Hold and one rates it Sell. The consensus rating is “Moderate Buy,” with an average price target of $413.87.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and earnings per share of $0.62, exceeding estimates. However, the company remains unprofitable, while significant insider selling and elevated valuation could pressure the stock.

D.A. Davidson & CO. reduced its stake in Snowflake Inc. (NYSE:SNOW - Free Report) by 13.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,671 shares of the company's stock after selling 9,522 shares during the quarter. D.A. Davidson & CO.'s holdings in Snowflake were worth $20,262,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. BOKF NA raised its stake in shares of Snowflake by 14.8% in the third quarter. BOKF NA now owns 9,204 shares of the company's stock valued at $3,125,000 after buying an additional 1,186 shares during the period. Motley Fool Asset Management LLC lifted its holdings in shares of Snowflake by 13.3% in the third quarter. Motley Fool Asset Management LLC now owns 28,636 shares of the company's stock worth $9,724,000 after buying an additional 3,351 shares in the last quarter. WPG Advisers LLC boosted its holdings in Snowflake by 27.8% in the 3rd quarter. WPG Advisers LLC now owns 248 shares of the company's stock valued at $84,000 after purchasing an additional 54 shares during the period. VestGen Advisors LLC raised its position in shares of Snowflake by 14.5% in the third quarter. VestGen Advisors LLC now owns 3,948 shares of the company's stock worth $1,341,000 after buying an additional 500 shares in the last quarter. Finally, Heritage Wealth Management Inc. CA bought a new stake in Snowflake during the third quarter valued at $5,369,000. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNOW. Piper Sandler restated an "overweight" rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Royal Bank Of Canada lifted their price target on Snowflake from $372.00 to $440.00 and gave the company an "outperform" rating in a research report on Thursday, September 3rd. Morgan Stanley boosted their price objective on Snowflake from $300.00 to $470.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Stifel Nicolaus boosted their price objective on Snowflake from $350.00 to $450.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, BTIG Research raised their target price on shares of Snowflake from $340.00 to $424.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Thirty-six equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $413.87.

Insiders Place Their Bets

In other Snowflake news, CRO Jonathan Beaulier sold 755 shares of the business's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total value of $253,951.80. Following the completion of the sale, the executive directly owned 211,619 shares of the company's stock, valued at $71,180,166.84. The trade was a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Emily Ho sold 768 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total transaction of $255,690.24. Following the sale, the chief accounting officer owned 39,958 shares of the company's stock, valued at approximately $13,303,216.94. The trade was a 1.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,216,443 shares of company stock valued at $399,836,828 over the last three months. 4.80% of the stock is currently owned by company insiders.

Key Headlines Impacting Snowflake

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.

Snowflake Price Performance

Shares of Snowflake stock opened at $329.81 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $116.36 billion, a PE ratio of -103.71 and a beta of 1.35. The business's 50-day moving average price is $332.19 and its 200-day moving average price is $239.33. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56.

Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. Snowflake's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Sell-side analysts forecast that Snowflake Inc. will post -1.42 EPS 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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