Styrax Capital LP Acquires New Stake in Snowflake Inc. $SNOW

Styrax Capital LP purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $38,175,000. Snowflake makes up about 2.5% of Styrax Capital LP’s holdings, making the stock its 14th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake during the 4th quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the 4th quarter worth $29,000. Basecamp Wealth Advisors LLC increased its holdings in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Emerald Advisers LLC raised its position in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. purchased a new position in Snowflake in the fourth quarter valued at about $32,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of NYSE SNOW opened at $338.47 on Friday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $117.31 billion, a price-to-earnings ratio of -106.44 and a beta of 1.33. The firm has a 50-day moving average of $297.66 and a two-hundred day moving average of $220.33.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The business’s revenue was up 35.1% compared to the same quarter last year. As a group, analysts expect that Snowflake Inc. will post -1.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 289,685 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the sale, the director directly owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This trade represents a 91.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $324.06, for a total value of $16,312,532.28. Following the sale, the director directly owned 26,036 shares in the company, valued at $8,437,226.16. This trade represents a 65.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,131,160 shares of company stock worth $317,966,701. 4.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on SNOW shares. Bank of America boosted their target price on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Piper Sandler reissued an “overweight” rating and set a $450.00 price target (up from $320.00) on shares of Snowflake in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Thursday. Barclays upped their price target on shares of Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank Of Canada increased their price objective on Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
• Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
• Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
• Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
• Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
• Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

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.