Beaconlight Capital LLC Acquires 4,109 Shares of Snowflake Inc. $SNOW

Beaconlight Capital LLC raised its holdings in Snowflake Inc. (NYSE:SNOW) by 17.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,675 shares of the company’s stock after purchasing an additional 4,109 shares during the quarter. Snowflake accounts for 3.5% of Beaconlight Capital LLC’s investment portfolio, making the stock its 13th largest position. Beaconlight Capital LLC’s holdings in Snowflake were worth $6,071,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $234.24 on Thursday. The business’s 50-day moving average price is $178.86 and its two-hundred day moving average price is $189.60. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The stock has a market cap of $81.19 billion, a P/E ratio of -66.55 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. As a group, equities analysts predict that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price objective on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group increased their price objective on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wells Fargo & Company increased their price objective on Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Rosenblatt Securities increased their price objective on Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. One research 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $291.77.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced that Unlimitail chose its platform to power a privacy-preserving retail media data hub across Europe and Latin America, expanding Snowflake’s footprint in retail media and highlighting demand for its data clean room and AI data cloud products. BusinessWire article
• Positive Sentiment: Analysts at Jefferies said Snowflake still looks well-positioned despite rising competition from Databricks, arguing that both firms can benefit from continued enterprise spending on data and AI infrastructure. Proactive Investors article
• Positive Sentiment: Another analyst note said Snowflake remains attractive because of its strong cash flow and relatively lower valuation versus its growth profile, supporting the stock’s investment case. Benzinga article
• Neutral Sentiment: Snowflake also said EDO is expanding its use of Snowflake Cortex AI to power ChatEDO, a sign that customers continue to build AI products on the platform. Yahoo Finance article
• Negative Sentiment: Snowflake insiders, including director Frank Slootman, SVP Vivek Raghunathan, and EVP Christian Kleinerman, sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on equity awards. While routine, insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Investor focus also remains on intensifying competition from Databricks, which may pressure Snowflake’s growth narrative even as analysts say both companies can coexist. Proactive Investors article

Insider Transactions at Snowflake

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the sale, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank Slootman sold 8,066 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total value of $1,935,840.00. Following the completion of the sale, the director directly owned 28,535 shares in the company, valued at approximately $6,848,400. The trade was a 22.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 1,493,618 shares of company stock worth $343,531,621. 4.80% of the stock is owned by insiders.

Snowflake 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.