Michael Speiser Sells 50,338 Shares of Snowflake (NYSE:SNOW) Stock

Key Points

• Director Michael Speiser sold 50,338 Snowflake shares at an average price of $324.06, generating approximately $16.3 million. The Rule 10b5-1 transaction reduced his holdings by 65.91% to 26,036 shares.
• Snowflake shares traded near their 52-week high at $334.93, with a market capitalization of about $116.1 billion. The company recently exceeded quarterly EPS and revenue expectations, though it continues to report negative net margins and return on equity.
• Analysts remain broadly bullish: 34 rate SNOW a Buy, five a Hold, and one a Sell, producing a “Moderate Buy” consensus rating and an average price target of $301.

Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Michael Speiser sold 50,338 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 value of $16,312,532.28. Following the completion of the sale, the director owned 26,036 shares of the company's stock, valued at $8,437,226.16. This represents a 65.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Snowflake Trading Up 0.1%

NYSE:SNOW traded up $0.23 during mid-day trading on Tuesday, hitting $334.93. The company had a trading volume of 3,653,409 shares, compared to its average volume of 5,130,999. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $340.50. The firm has a market cap of $116.09 billion, a P/E ratio of -95.15 and a beta of 1.33. The business's fifty day moving average is $263.24 and its two-hundred day moving average is $201.96.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company's revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. As a group, research analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several recent analyst reports. TD Cowen reiterated a "buy" rating and set a $300.00 price objective on shares of Snowflake in a report on Wednesday, June 3rd. Stifel Nicolaus increased their target price on Snowflake from $205.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday, May 28th. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $282.00 to $320.00 and gave the company a "buy" rating in a research note on Thursday, May 28th. BTIG Research upped their price target on shares of Snowflake from $325.00 to $340.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, Scotiabank increased their price objective on shares of Snowflake from $285.00 to $320.00 and gave the stock a "sector outperform" rating in a research report on Monday, June 8th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and an average target price of $301.00.

Hedge Funds Weigh In On Snowflake

Large investors have recently modified their holdings of the stock. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake during the fourth quarter worth $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake in the fourth quarter worth approximately $29,000. Basecamp Wealth Advisors LLC lifted its stake 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. Physician Wealth Advisors Inc. boosted its holdings in shares of Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock worth $31,000 after buying an additional 51 shares in the last quarter. Finally, Emerald Advisers LLC boosted its holdings in shares of Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after buying an additional 100 shares in the last quarter. 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: Large AWS commitment supports growth prospects. Snowflake agreed to a multiyear, $6 billion commitment with Amazon Web Services, reinforcing expectations that enterprises will use Snowflake’s platform to develop and deploy AI applications. The deal, combined with strong interest in Snowflake’s AI tools ahead of its second-quarter results, has helped drive investor optimism. Snowflake Lands a $6 Billion AWS Deal
• Positive Sentiment: AI security and partner ecosystem are expanding. Snowflake launched Cortex AI Gateway to govern, secure, and coordinate first- and third-party AI agents. Integrations with Alteryx, Aembit, and 1Password further strengthen its AI Data Cloud and security ecosystem, potentially improving customer retention and broadening platform usage. Snowflake’s New AI Security Push
• Positive Sentiment: New integrations and customer adoption support enterprise demand. Alteryx One was added to Snowflake Marketplace, giving customers no-code tools for analytics, workflows, and automation using governed enterprise data. Snowflake also is powering Saudi Arabia’s Zahid Group’s data and AI transformation, offering evidence of continued international and enterprise adoption. Snowflake Added a No-Code AI Data App Snowflake Powers Zahid Group’s Data and AI Transformation
• Neutral Sentiment: Valuation is increasingly debated. Snowflake has delivered a substantial three-year return, and some discounted-cash-flow analysis indicates potential undervaluation. However, market-based valuation multiples and broader comparisons suggest the stock may already be expensive, particularly after its recent rally. Is Snowflake Stock a Bargain?
• Neutral Sentiment: An article about “Snowflake Volunteer” refers to an unrelated Tor Android application, not Snowflake Inc.; it should not affect SNOW shares. Snowflake Volunteer Tor Android App

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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