Envestnet Asset Management Inc. Boosts Stake in Snowflake Inc. $SNOW

Envestnet Asset Management Inc. grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 67.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 571,221 shares of the company’s stock after acquiring an additional 229,896 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Snowflake were worth $128,839,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coastline Trust Co grew its stake in Snowflake by 1.0% during the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares during the period. Wedbush Securities Inc. increased its holdings in Snowflake by 1.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock valued at $832,000 after purchasing an additional 48 shares in the last quarter. Avion Wealth raised its position in Snowflake by 76.6% in the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after purchasing an additional 49 shares during the period. CX Institutional lifted its stake in shares of Snowflake by 13.2% during the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 7.5%

NYSE:SNOW opened at $168.50 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $57.66 billion, a price-to-earnings ratio of -41.71 and a beta of 1.14. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The stock has a 50-day simple moving average of $215.58 and a 200 day simple moving average of $226.41.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.Snowflake’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 EPS. Sell-side analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Unusually large options activity: traders purchased ~63,935 call options (about 25% above normal), signaling speculative bullish bets that likely amplified buying pressure.
• Positive Sentiment: Big AI partnership with OpenAI — Snowflake and OpenAI announced a $200M collaboration to deepen AI capabilities on Snowflake’s platform, a strategic catalyst for revenue and product differentiation in the AI data market. Snowflake and OpenAI Unveil $200M AI Partnership
• Positive Sentiment: Recent quarterly beat supports growth story — Snowflake beat Q3 revenue and EPS estimates (revenue $1.21B, up ~28.7% year/year; EPS beat), reinforcing the company’s AI-driven revenue narrative and likely propping investor confidence.
• Neutral Sentiment: Company commentary on AI agents — Snowflake argued that current AI coding agents are solving the wrong problem, a strategic viewpoint that highlights product positioning but is more thought‑leadership than a near‑term financial catalyst. Snowflake thinks AI coding agents are solving the wrong problem
• Neutral Sentiment: Market narrative: some coverage points to SNOW being down earlier this year despite AI tailwinds — useful context for investors weighing valuation and momentum, but not an immediate company-specific driver. Here’s 1 AI Stock Down About 25% Already in 2026. Is It a Buy?
• Negative Sentiment: Zacks downgraded SNOW to a “strong sell,” which can pressure sentiment and attract short-term selling from model-driven funds. Zacks.com
• Negative Sentiment: Two law firms (Pomerantz and Johnson Fistel) have launched investigations into Snowflake on behalf of investors, creating legal overhang and potential litigation risk that can weigh on the stock. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel…
• Negative Sentiment: Insider sale: an EVP sold roughly $1.97M of stock, which can be interpreted negatively by some investors even if the sale is routine. Snowflake (NYSE:SNOW) EVP Sells $1,970,900.00 in Stock

Insider Transactions at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 613,681 shares of company stock valued at $130,573,518. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the topic of several analyst reports. Argus upgraded Snowflake from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Thursday, January 8th. UBS Group restated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. JMP Securities boosted their price objective on shares of Snowflake from $283.00 to $325.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 28th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $237.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Finally, BTIG Research restated a “buy” rating and set a $312.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $275.58.

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.