Snowflake (NYSE:SNOW) Director Mark Garrett Sells 100,000 Shares of Stock

Snowflake Inc. (NYSE:SNOW) Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total value of $25,000,000.00. Following the transaction, the director owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. This represents a 91.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Snowflake Price Performance

Shares of Snowflake stock opened at $281.14 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market cap of $97.19 billion, a PE ratio of -79.87 and a beta of 1.35. The business has a 50 day moving average of $158.80 and a 200 day moving average of $190.47. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.24 earnings per share. As a group, equities research analysts forecast that Snowflake Inc. will post -2.2 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on SNOW shares. UBS Group upped their target price on Snowflake from $210.00 to $325.00 and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity Group increased their price objective on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday. Evercore set a $200.00 price objective on Snowflake in a report on Tuesday, April 14th. DA Davidson increased their price objective on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, Citigroup increased their price objective on Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $284.38.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s latest quarter was described as its best in years, with accelerating growth and improved profitability signaling that the business is re-accelerating after concerns about slowing demand. Snowflake’s Best Quarter In Years: One Product Made It Happen
• Positive Sentiment: Analysts and media commentary highlighted Snowflake’s position in AI, with Jim Cramer saying the company understands the transition to AI and expects the post-earnings rally to continue. Jim Cramer Notes “Snowflake Understands the Transition to AI” Jim Cramer Expects Snowflake’s Post-Quarter Rally to “Roll On”
• Positive Sentiment: Snowflake announced new ecosystem activity, including Redpoint’s Identity Studio on the Snowflake Marketplace and Trust3 AI’s integration to govern MCP-based data access, reinforcing Snowflake’s role in enterprise AI infrastructure. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
• Positive Sentiment: Investor sentiment toward software stocks improved broadly as AI fears faded, which is helping lift Snowflake alongside peers. 5 Software Stocks That Could Keep Soaring as AI Disruption Fears Fade
• Neutral Sentiment: Snowflake also drew attention after reports of a large AWS infrastructure agreement and acquisition activity tied to AI governance, which may strengthen its long-term moat but is still being evaluated by investors. Snowflake signs $6bn infrastructure agreement with AWS Snowflake Buys Natoma To Govern The Agents Acting On Its Data
• Negative Sentiment: Some coverage cautioned that after the sharp rally, upside may be more limited from here, and a stock sale by former CEO Frank Slootman could be viewed as a mild overhang. Should You Buy Snowflake Stock After Its Recent Surge? The Answer Might Surprise You. Frank Slootman Sells 400,000 Shares of Snowflake (NYSE:SNOW) Stock

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter worth about $28,000. Greenline Wealth Management LLC purchased a new position in Snowflake in the fourth quarter worth about $29,000. GoalVest Advisory LLC boosted its position in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in Snowflake by 56.0% in the fourth 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. Finally, MV Capital Management Inc. purchased a new position in Snowflake in the fourth quarter worth about $32,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

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.