Nwam LLC Takes $668,000 Position in Snowflake Inc. $SNOW

Nwam LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,625 shares of the company’s stock, valued at approximately $668,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its stake in shares of Snowflake by 16.0% in the second quarter. Rehmann Capital Advisory Group now owns 1,708 shares of the company’s stock worth $435,000 after acquiring an additional 235 shares during the last quarter. Montanova Capital LLC bought a new position in Snowflake in the 2nd quarter worth approximately $1,425,000. Advocacy Wealth Management LLC acquired a new position in Snowflake during the 2nd quarter worth $1,686,000. Beaconlight Capital LLC boosted its position in Snowflake by 190.3% in the 2nd quarter. Beaconlight Capital LLC now owns 53,180 shares of the company’s stock valued at $13,534,000 after buying an additional 34,863 shares during the last quarter. Finally, Archer Investment Corp bought a new stake in shares of Snowflake during the second quarter worth $677,000. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNOW. DA Davidson lifted their price objective on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. raised their target price on shares of Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Loop Capital lifted their price target on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating and set a $300.00 price target on shares of Snowflake in a research note on Wednesday, August 19th. Finally, Rosenblatt Securities increased their price objective on shares of Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday. 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. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $338.35.

Snowflake Price Performance

Shares of SNOW opened at $307.31 on Thursday. The stock has a market cap of $106.51 billion, a P/E ratio of -87.30 and a beta of 1.33. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $341.95. The stock’s 50-day moving average price is $293.26 and its two-hundred day moving average price is $218.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced its quarterly 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 23.79% and a negative return on equity of 50.50%. 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 company posted $0.35 EPS. Snowflake’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, equities analysts predict that Snowflake Inc. will post -1.81 earnings per share for the current year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q2 results exceeded expectations. Snowflake reported earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue reached $1.55 billion, up 35.1% year over year and above analysts’ $1.48 billion forecast. Product revenue was $1.49 billion, an increase of 37%. Snowflake lifts annual product revenue forecast, shares soar
• Positive Sentiment: Raised guidance provided the biggest bullish catalyst. Management lifted its full-year product-revenue forecast, signaling confidence in continued demand for the cloud data platform and AI offerings. Snowflake Jumps on Revenue Outlook, Uptake of AI Assistant
• Positive Sentiment: AI adoption is strengthening the growth narrative. Snowflake highlighted rapid uptake of its AI-assisted coding tools, including the CoCo coding agent and CoWork. Investors view these products as potential growth accelerators and evidence that Snowflake is benefiting from rising enterprise AI workloads. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: CEO Sridhar Ramaswamy said Snowflake remains on track to reach break-even next year, supporting expectations for improving profitability alongside growth.
• Positive Sentiment: Sayari selected Snowflake to rebuild its Commercial World Model, potentially reducing its data-infrastructure costs by more than 50% and adding validation for Snowflake’s AI Data Cloud. Sayari Rebuilds Its Commercial World Model on Snowflake

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 48,990 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $320.78, for a total value of $15,715,012.20. Following the sale, the director directly owned 28,535 shares in the company, valued at approximately $9,153,457.30. This trade represents a 63.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction on Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the transaction, the executive vice president directly owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% decrease in their ownership of the stock. 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 90 days, insiders sold 1,156,901 shares of company stock valued at $321,725,352. Corporate insiders own 4.80% of the company’s stock.

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.