Snowflake Inc. $SNOW Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in Snowflake Inc. (NYSE:SNOW) by 61.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,282 shares of the company’s stock after purchasing an additional 7,338 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Snowflake were worth $5,034,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SNOW. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $29,000. Basecamp Wealth Advisors LLC grew its position in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Snowflake by 95.2% during 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 stake in shares of Snowflake during the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNOW. Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Thursday. Citizens Jmp lifted their price target on shares of Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a research note on Thursday. KeyCorp boosted their price objective on shares of Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. DA Davidson upped their price objective on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Cantor Fitzgerald raised their target price on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research note on Thursday. Thirty-four investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $414.24.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 48,990 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total transaction of $15,715,012.20. Following the transaction, the director owned 28,535 shares of the company’s stock, valued at $9,153,457.30. This trade represents a 63.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $380.00, for a total value of $3,800,000.00. Following the completion of the transaction, the executive vice president owned 18,568 shares of the company’s stock, valued at approximately $7,055,840. The trade was a 35.00% 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 sold a total of 1,131,160 shares of company stock valued at $317,966,701 over the last three months. 4.80% of the stock is owned by insiders.

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 Stock Up 0.4%

SNOW stock opened at $338.47 on Monday. 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 P/E ratio of -106.44 and a beta of 1.33. The firm has a 50 day simple moving average of $297.66 and a 200-day simple moving average of $220.60.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, equities research analysts predict that Snowflake Inc. will post -1.8 earnings per share for the current fiscal 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.