FNY Investment Advisers LLC Buys New Position in Snowflake Inc. $SNOW

FNY Investment Advisers LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,500 shares of the company’s stock, valued at approximately $1,399,000.

Several other large investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new position in Snowflake during the 4th quarter valued at $974,091,000. Jennison Associates LLC lifted 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 worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Jericho Capital Asset Management L.P. purchased a new stake in shares of Snowflake in the 4th quarter worth about $345,619,000. Vanguard Group Inc. boosted its stake in shares of Snowflake by 5.1% during the 4th 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Snowflake by 445.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,490,569 shares of the company’s stock valued at $326,971,000 after purchasing an additional 1,217,350 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $297.00, for a total value of $2,970,000.00. Following the transaction, the executive vice president directly owned 365,379 shares of the company’s stock, valued at approximately $108,517,563. This trade represents a 2.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 840 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $257.91, for a total value of $216,644.40. Following the transaction, the director owned 26,876 shares in the company, valued at $6,931,589.16. This trade represents a 3.03% decrease in their ownership of the stock. 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. Insiders sold a total of 2,091,260 shares of company stock valued at $508,844,831 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Snowflake Price Performance

Shares of SNOW opened at $318.02 on Friday. The firm has a fifty day simple moving average of $260.67 and a two-hundred day simple moving average of $200.20. The firm has a market cap of $110.23 billion, a PE ratio of -90.35 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $323.10.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.24 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, equities analysts anticipate that Snowflake Inc. will post -1.84 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNOW shares. Loop Capital boosted their price target on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on shares of Snowflake from $284.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. Stifel Nicolaus lifted their price objective on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Monness Crespi & Hardt upped their target price on Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Finally, BTIG Research increased their target price on Snowflake from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $296.68.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI platform expansion: Snowflake introduced Cortex AI Gateway, which helps enterprises govern AI agents, control costs and strengthen security. The product could increase Snowflake’s role in managing production-grade enterprise AI workloads. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Growing ecosystem: Snowflake expanded its collaboration with phData to help customers deploy governed AI applications and modernize analytics. Zeotap also launched a composable customer-data-platform application on the Snowflake Marketplace, supporting broader platform adoption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Constructive Wall Street view: BTIG issued a bullish outlook, while Snowflake’s average analyst rating remains “Moderate Buy.” Heavy activity in long-dated put options also indicates that some investors are willing to make bullish commitments at lower prices. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming updates: Snowflake will participate in investor conferences and is scheduled to report fiscal second-quarter 2027 results on September 2. Investors will look for evidence that AI demand is translating into consumption growth and improved profitability. Snowflake Investor Conferences
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves compromised customer credentials and a lack of multifactor authentication rather than a newly announced breach, it could renew concerns about platform security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks
• Negative Sentiment: Insider selling and valuation: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale is relatively small compared with his remaining stake, but repeated insider sales may concern investors after SNOW’s sharp rally and premium valuation. Christian Kleinerman Sells Snowflake Shares

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.