Insider Selling: Snowflake (NYSE:SNOW) CAO Sells 768 Shares

Key Points

• Snowflake CAO Emily Ho sold 768 shares at an average price of $332.93, generating $255,690. The sale reduced her holdings by 1.89% and was made to cover tax withholding on vested equity awards.
• Snowflake reported quarterly revenue of $1.55 billion and EPS of $0.62, exceeding analyst expectations, while revenue grew 35.1% year over year despite continued net losses.
• Wall Street remains broadly bullish, with 34 Buy ratings and a consensus price target of $414.24, although the stock’s elevated valuation and ongoing losses present risks.

Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 768 shares of the 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 completion of the sale, the chief accounting officer owned 39,958 shares of the company's stock, valued at approximately $13,303,216.94. This trade represents a 1.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Emily Ho also recently made the following trade(s):

• On Wednesday, June 24th, Emily Ho sold 1,860 shares of Snowflake stock. The stock was sold at an average price of $232.25, for a total transaction of $431,985.00.

Snowflake Stock Performance

Shares of NYSE SNOW traded up $7.28 during midday trading on Wednesday, reaching $330.26. The company's stock had a trading volume of 3,757,358 shares, compared to its average volume of 5,277,960. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The firm has a 50 day moving average price of $307.79 and a 200-day moving average price of $228.50. The stock has a market capitalization of $116.52 billion, a P/E ratio of -103.85 and a beta of 1.33. 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 (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating 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 revenue was up 35.1% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. As a group, equities analysts predict that Snowflake Inc. will post -1.57 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s second-quarter fiscal 2027 performance reportedly included approximately $1.55 billion in revenue, a reduced net loss, higher full-year product-revenue and operating-margin guidance, and a completed $3.7 billion share-repurchase program that retired about 25.4 million shares. The combination of stronger AI adoption, improved profitability expectations, and a smaller share count is supportive for the stock. How Investors May Respond To Snowflake AI-fueled Guidance Hike and $3.7 Billion Buyback
• Positive Sentiment: Snowflake introduced dynamic model routing designed to direct workloads to the most cost-effective AI models. Lowering enterprise AI spending could improve customer adoption and increase usage of Snowflake’s platform. Snowflake’s dynamic model routing aims to make enterprise AI more cost-efficient
• Positive Sentiment: QAD | Redzone’s ChampionAI, powered by Snowflake Cortex AI, is targeting manufacturing productivity, labor, and operational-pace challenges. The deployment provides another example of Snowflake’s AI technology being used in commercial applications. QAD | Redzone’s ChampionAI, Powered by Snowflake Cortex AI
• Positive Sentiment: Scotiabank raised its fiscal 2027 EPS estimate for Snowflake to a loss of $1.32 per share from a projected loss of $1.81 and maintained a “Sector Outperform” rating with a $440 price target. Scotiabank estimate update
• Positive Sentiment: Analyst commentary continues to highlight Snowflake’s faster growth, expanding customer base, and increasing AI adoption relative to Adobe, while momentum-focused coverage may attract additional investor interest. Snowflake vs. Adobe: Which Enterprise AI Stock Is a Better Buy?
• Neutral Sentiment: Snowflake’s support for UAE entrepreneurs building AI startups expands its ecosystem and international visibility, although the near-term financial impact is unclear. Snowflake backs UAE entrepreneurs building AI startups
• Negative Sentiment: The bullish growth case comes with valuation risk: Snowflake trades at a substantially richer valuation than Adobe despite continuing to report losses, leaving the stock vulnerable if AI growth or profitability disappoints. Snowflake versus Adobe valuation comparison

Institutional Trading of Snowflake

Institutional investors have recently modified their holdings of the business. Allstate Corp lifted its position in shares of Snowflake by 108.1% during the fourth quarter. Allstate Corp now owns 24,497 shares of the company's stock worth $5,374,000 after acquiring an additional 12,724 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Snowflake by 86.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 209,653 shares of the company's stock worth $45,989,000 after acquiring an additional 97,128 shares during the period. William Blair Investment Management LLC grew its position in shares of Snowflake by 159.9% in the fourth quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company's stock valued at $295,477,000 after purchasing an additional 828,789 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Snowflake in the second quarter valued at $1,399,000. Finally, Janney Montgomery Scott LLC raised its stake in shares of Snowflake by 105.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company's stock valued at $14,017,000 after purchasing an additional 47,601 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research report on Thursday, September 3rd. Evercore restated an "outperform" rating and set a $430.00 price target on shares of Snowflake in a research report on Thursday, September 3rd. DA Davidson increased their target price on shares of Snowflake from $300.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, September 3rd. Citizens Jmp lifted their price target on shares of Snowflake from $408.00 to $488.00 and gave the stock a "market outperform" rating in a report on Thursday, September 3rd. Finally, Oppenheimer upped their price objective on Snowflake from $400.00 to $475.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.24.

Snowflake Company Profile

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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