Snowflake Inc. $SNOW Shares Sold by Essential Partners LLC

Essential Partners LLC trimmed its stake in Snowflake Inc. (NYSE:SNOW) by 53.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,382 shares of the company’s stock after selling 7,363 shares during the quarter. Essential Partners LLC’s holdings in Snowflake were worth $963,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of SNOW. HHM Wealth Advisors LLC lifted its position in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. United Asset Strategies Inc. boosted its stake in Snowflake by 1.4% during the 4th quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares during the period. Physician Wealth Advisors Inc. grew its position in Snowflake by 56.0% in the 4th 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. Beaumont Financial Advisors LLC grew its position in Snowflake by 4.7% in the 4th quarter. Beaumont Financial Advisors LLC now owns 1,312 shares of the company’s stock worth $288,000 after purchasing an additional 59 shares during the last quarter. Finally, Great Valley Advisor Group Inc. increased its stake in shares of Snowflake by 4.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent analyst reports. HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. KeyCorp lifted their target price on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. BTIG Research boosted their price target on Snowflake from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Benchmark increased their price target on Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, UBS Group reissued a “buy” rating on shares of Snowflake in a report on Monday, June 22nd. 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 data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $296.27.

Insider Buying and Selling at Snowflake

In other news, Director Teresa Briggs sold 343 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $255.11, for a total transaction of $87,502.73. Following the completion of the transaction, the director owned 5,060 shares in the company, valued at approximately $1,290,856.60. This trade represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,500 shares of Snowflake stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $258.56, for a total transaction of $646,400.00. Following the completion of the transaction, the executive vice president directly owned 397,879 shares in the company, valued at $102,875,594.24. This represents a 0.62% 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. Insiders have sold a total of 2,051,274 shares of company stock valued at $496,879,031 in the last ninety days. 4.80% of the stock is owned by insiders.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $298.05 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $298.23. The firm has a market cap of $103.31 billion, a P/E ratio of -84.67 and a beta of 1.35. The stock has a fifty day moving average price of $248.27 and a two-hundred day moving average price of $196.68. 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 (NYSE:SNOW) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS. Research analysts forecast that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wells Fargo raised its valuation outlook substantially. The firm reportedly sees an $500 price target, implying significant additional upside, and argues that concerns about AI disrupting software have been overdone. The bullish call is helping reinforce the market’s renewed optimism toward Snowflake’s growth prospects. Wells Fargo sees a massive number in Snowflake’s future
• Positive Sentiment: Snowflake joined Cursor’s Benchmark Partners program alongside AWS, Databricks, McKinsey, BCG and NVIDIA. The partnership is intended to help enterprises deploy and scale AI-powered software development, potentially increasing Snowflake’s visibility and usage in enterprise AI workloads. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Snowflake launched an AI-agent governance layer designed to monitor agent activity, improve security and control costs. The product addresses key barriers to enterprise AI adoption and supports the company’s broader push into governance, security and data management. Snowflake launches AI agent governance layer
• Positive Sentiment: Analysts highlighted Snowflake’s deepening enterprise AI push and approximately 30% product-revenue growth guidance as potential catalysts for further gains. The stock’s recent advance and new high suggest investors are rewarding evidence that AI may expand, rather than undermine, demand for Snowflake’s platform. Snowflake’s Enterprise AI Push Deepens
• Neutral Sentiment: NTT DATA and Snowflake cautioned that identity controls alone will not secure enterprise AI agents. The discussion underscores the need for broader governance and monitoring tools—an opportunity for Snowflake, although it also highlights the complexity and execution challenges of the emerging market. NTT DATA AIVista and Snowflake
• Negative Sentiment: Insider selling remains a counterpoint. Directors Benoit Dageville and Frank Slootman sold sizeable blocks of SNOW shares, including approximately $18.4 million and $2.8 million transactions. The sales were disclosed as planned transactions, but they may raise valuation and insider-confidence concerns after the stock’s sharp recovery. Snowflake Director Benoit Dageville Sells 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.