Western Wealth Management LLC Sells 1,881 Shares of Snowflake Inc. $SNOW

Western Wealth Management LLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 72.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 702 shares of the company’s stock after selling 1,881 shares during the period. Western Wealth Management LLC’s holdings in Snowflake were worth $106,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in shares of Snowflake during the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. grew its holdings in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Emerald Advisers LLC grew its holdings in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in shares of Snowflake during the fourth quarter worth $32,000. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Oppenheimer increased their price objective on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. HSBC set a $289.00 target price on Snowflake and gave the company a “buy” rating in a research report on Friday, May 29th. Citigroup raised their price target on Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Wedbush raised their price target on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Scotiabank upped their price objective on shares of Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a report on Monday, June 8th. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.68.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, designed to govern enterprise AI agents, control costs and strengthen security. New integrations with 1Password and Aembit could support additional enterprise AI workloads and platform adoption. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Positive analyst and options sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, with 34 Buy ratings, five Holds and one Sell. Investors have also traded large volumes of long-dated short-put positions, a strategy that can indicate willingness to buy SNOW at lower prices or collect premium income. The consensus price target of $296.68, however, is below the stock’s current trading level. Consensus Recommendation Snowflake Put Options Activity
• Positive Sentiment: AI ecosystem momentum: Snowflake was cited as a strategic collaborator by Zeta Global after the marketing software company raised its 2026 revenue outlook. The association supports Snowflake’s positioning as infrastructure for AI-driven enterprise applications. Zeta Global AI Collaboration
• Neutral Sentiment: Relative investment appeal: An article suggested investors taking profits in sharply higher Nebius Group shares could consider cloud and AI companies including Snowflake. This may increase comparative interest in SNOW but does not represent a direct business catalyst. Nebius and Snowflake Investment Comparison
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves criminal attacks and does not announce a new Snowflake breach, it could revive concerns about customer security, controls and reputational risk. Snowflake Hacker Guilty Plea
• Negative Sentiment: Executive selling: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 2.66%, though the planned nature of the transaction makes it a weaker signal than discretionary selling. Christian Kleinerman Share Sale

Insider Transactions at Snowflake

In related news, Director Michael L. Speiser sold 840 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $257.91, for a total value of $216,644.40. Following the sale, the director owned 26,876 shares in the company, valued at $6,931,589.16. This represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 10,315 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $275.10, for a total transaction of $2,837,656.50. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at approximately $7,849,978.50. This trade represents a 26.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,091,260 shares of company stock worth $508,844,831. 4.80% of the stock is owned by company insiders.

Snowflake Price Performance

NYSE SNOW opened at $330.26 on Friday. The company has a market cap of $114.47 billion, a price-to-earnings ratio of -93.82 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s fifty day moving average price is $262.16 and its 200 day moving average price is $201.11. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $331.40.

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

About Snowflake

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.