Snowflake Sees Unusually Large Options Volume (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) saw some unusual options trading activity on Friday. Traders bought 74,733 call options on the company. This is an increase of approximately 36% compared to the typical volume of 54,972 call options.

Insider Activity

In related news, EVP Christian Kleinerman sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the completion of the sale, the executive vice president owned 528,494 shares of the company’s stock, valued at $125,131,524.38. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the sale, the director directly owned 22,509 shares of the company’s stock, valued at $3,187,049.31. The trade was a 1.76% decrease in their position. 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 three months, insiders sold 889,413 shares of company stock worth $176,342,125. 4.80% of the stock is currently owned by insiders.

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Norges Bank acquired a new stake in shares of Snowflake in the fourth quarter worth $974,091,000. Jennison Associates LLC increased its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new stake in Snowflake during the third quarter valued at $441,277,000. Jericho Capital Asset Management L.P. acquired a new stake in Snowflake during the fourth quarter valued at $345,619,000. Finally, American Century Companies Inc. grew its position in Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 7.0%

NYSE:SNOW opened at $255.94 on Friday. The firm has a market capitalization of $88.48 billion, a P/E ratio of -72.71 and a beta of 1.08. Snowflake has a 1-year low of $118.30 and a 1-year high of $280.67. The company’s fifty day moving average price is $156.69 and its 200-day moving average price is $190.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, equities research analysts anticipate that Snowflake will post -2.16 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of analyst reports. BTIG Research increased their target price on shares of Snowflake from $235.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday. Rosenblatt Securities increased their target price on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings upgraded shares of Snowflake from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday. Morgan Stanley upped their price target on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Mizuho upped their price target on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $284.38.

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.