Teresa Briggs Sells 344 Shares of Snowflake (NYSE:SNOW) Stock

Snowflake Inc. (NYSE:SNOW) Director Teresa Briggs sold 344 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $254.64, for a total value of $87,596.16. Following the completion of the sale, the director directly owned 5,403 shares of the company’s stock, valued at approximately $1,375,819.92. This represents a 5.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Teresa Briggs also recently made the following trade(s):

• On Monday, July 6th, Teresa Briggs sold 343 shares of Snowflake stock. The shares were sold at an average price of $255.11, for a total transaction of $87,502.73.

Snowflake Stock Up 0.2%

SNOW stock opened at $262.62 on Wednesday. The firm has a 50 day moving average of $207.53 and a 200 day moving average of $190.90. The stock has a market capitalization of $91.02 billion, a PE ratio of -74.61 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 Inc. has a 52 week low of $118.30 and a 52 week high of $284.99.

Snowflake (NYSE:SNOW) last issued 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. The business 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 50.50%. Snowflake’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. Sell-side analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on SNOW shares. Wells Fargo & Company boosted their price target on Snowflake from $210.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. BTIG Research upped their target price on Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Citizens Jmp reissued a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a research report on Tuesday, May 19th. Monness Crespi & Hardt lifted their price objective on shares of Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts and market commentary say Snowflake’s AI Data Cloud is gaining traction, with accelerating adoption, new AI products, customer wins, and partnerships supporting the company’s goal of about 30% revenue growth. Snowflake’s AI Data Cloud Gains Traction: More Upside Ahead?
• Positive Sentiment: Snowflake is also benefiting from continued investor attention around its AI positioning and “trending stock” status, which can help keep momentum strong if the company continues to show execution. Snowflake Inc. (SNOW) Is a Trending Stock: Facts to Know Before Betting on It
• Positive Sentiment: Another upbeat note highlights Snowflake’s expanding role in enterprise AI readiness, with enterprises increasingly using its platform for secure data access, collaboration, and AI-enabled operations. Snowflake Expands Role in Enterprise AI Readiness
• Positive Sentiment: Recent commentary says Snowflake’s backlog and broader data-opportunity narrative are starting to show results, reinforcing the long-term growth case for investors. Snowflake’s $80 Billion Data Bet Is Starting to Show Results

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Eclectic Associates Inc. ADV acquired a new stake in shares of Snowflake during the 2nd quarter worth approximately $203,000. Fermata Advisors LLC acquired a new position in shares of Snowflake in the 2nd quarter valued at $217,000. Dynamic Advisor Solutions LLC lifted its stake in shares of Snowflake by 4.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 2,026 shares of the company’s stock valued at $516,000 after purchasing an additional 82 shares during the period. GAMMA Investing LLC boosted its holdings in Snowflake by 17.8% during the second quarter. GAMMA Investing LLC now owns 1,816 shares of the company’s stock worth $462,000 after buying an additional 274 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in Snowflake by 4.7% during the second quarter. Moody National Bank Trust Division now owns 2,886 shares of the company’s stock worth $734,000 after buying an additional 130 shares in the last quarter. 65.10% of the stock is currently 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.