Sequoia Financial Advisors LLC Raises Position in Snowflake Inc. $SNOW

Sequoia Financial Advisors LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 14.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 39,598 shares of the company’s stock after acquiring an additional 4,927 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Snowflake were worth $10,078,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake in the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new position in Snowflake in the 4th quarter valued at $29,000. MV Capital Management Inc. acquired a new stake in Snowflake during the 4th quarter worth $32,000. Copos Capital S.a r.l. acquired a new stake in Snowflake during the 4th quarter worth $35,000. Finally, JPL Wealth Management LLC purchased a new stake in shares of Snowflake during the third quarter worth $39,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Trading Down 0.7%

Shares of Snowflake stock opened at $329.00 on Friday. The firm has a market capitalization of $114.03 billion, a price-to-earnings ratio of -103.46 and a beta of 1.33. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. The stock has a 50 day moving average of $303.83 and a 200 day moving average of $225.02.

Snowflake (NYSE:SNOW) last posted its 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. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, research analysts predict that Snowflake Inc. will post -1.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SNOW shares. Wells Fargo & Company raised their price target on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. Jefferies Financial Group set a $430.00 price objective on shares of Snowflake and gave the company a “buy” rating in a report on Thursday, September 3rd. Mizuho set a $425.00 target price on Snowflake in a report on Thursday, September 3rd. Raymond James Financial increased their price target on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Finally, Argus lifted their price objective on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, September 4th. Thirty-four equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
• Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
• Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
• Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
• Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 2,730 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total value of $916,515.60. Following the transaction, the executive vice president owned 319,887 shares of the company’s stock, valued at $107,392,463.64. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mark Garrett sold 50,000 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the transaction, the director directly owned 10,074 shares of the company’s stock, valued at approximately $3,525,900. This trade represents a 83.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,231,902 shares of company stock valued at $353,686,703 in the last quarter. Corporate insiders own 4.80% of the company’s stock.

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.