Jonathan Mead Beaulier Sells 9,367 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) CRO Jonathan Mead Beaulier sold 9,367 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $231.98, for a total value of $2,172,956.66. Following the sale, the executive owned 234,791 shares of the company’s stock, valued at approximately $54,466,816.18. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Snowflake Stock Performance

NYSE:SNOW opened at $227.32 on Friday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock’s 50-day simple moving average is $189.91 and its 200 day simple moving average is $188.77. The firm has a market capitalization of $78.79 billion, a PE ratio of -64.58 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 33.5% on a year-over-year basis. On average, analysts anticipate that Snowflake Inc. will post -1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Jennison Associates LLC grew its position in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Nuveen LLC increased its stake in shares of Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares during the period. Geode Capital Management LLC increased its stake in shares of Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after buying an additional 249,668 shares during the period. Finally, Norges Bank bought a new position in shares of Snowflake during the fourth quarter worth about $974,091,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Market commentary continues to highlight Snowflake’s AI momentum, with a Forbes piece arguing that “agentic AI” is helping rewrite the playbook for Snowflake and peers, which can reinforce bullish trading in the name. Article Title
• Positive Sentiment: Snowflake is expanding its footprint in Bellevue’s Spring District, a sign of continued operational investment and growth expectations. Article Title
• Positive Sentiment: Analyst and media coverage remains constructive overall, with multiple notes suggesting Snowflake’s AI/data platform narrative is still drawing buyers after a strong rebound in the share price. Article Title
• Neutral Sentiment: OneTrust was recognized as a Leader in Snowflake’s Modern Marketing Data Stack report, which supports Snowflake’s partner ecosystem and platform relevance, but is not a direct financial update. Article Title
• Negative Sentiment: EVP Christian Kleinerman sold 2,621 shares, extending a recent pattern of insider selling. The sale was pre-planned and tied to tax withholding, but insider transactions can still pressure sentiment. Article Title

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citizens Jmp restated a “market outperform” rating and issued a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. Benchmark increased their price target on Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Sanford C. Bernstein increased their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, May 28th. Piper Sandler raised their price objective on Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $293.53.

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.