Wealthfront Advisers LLC Boosts Position in Snowflake Inc. $SNOW

Wealthfront Advisers LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 68.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 20,970 shares of the company’s stock after purchasing an additional 8,503 shares during the period. Wealthfront Advisers LLC’s holdings in Snowflake were worth $4,730,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SNOW. Brighton Jones LLC lifted its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC raised 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 worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Snowflake by 29.7% in 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 in the last quarter. Johnson Investment Counsel Inc. acquired a new stake in Snowflake during the 2nd quarter valued at $262,000. Finally, Concurrent Investment Advisors LLC grew its holdings in Snowflake by 64.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,901 shares of the company’s stock valued at $873,000 after buying an additional 1,525 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI partnership and new AI tools announced — bolsters Snowflake’s positioning as an AI platform and drove an earlier intraday rally as investors priced in greater enterprise AI monetization potential. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Report that Snowflake expanded its AI stack via a roughly $200M OpenAI partnership underlines committed capex and strategic alignment with a top AI provider — a material catalyst for long‑term revenue mix shifting to AI services. Snowflake Expands AI Stack With $200M OpenAI Partnership
• Positive Sentiment: Analysts reaffirm bullish views on Snowflake’s AI strategy, supporting upside expectations for multi-year growth and validating management’s AI roadmap. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: Major ecosystem integrations announced — Experian integration and a RESAAS connector expand addressable market and make Snowflake more central to customers’ data stacks (more consumption opportunities). Experian Announces Integration with Snowflake’s AI Data Cloud RESAAS Announces Snowflake Integration for Enterprise Real Estate Data
• Positive Sentiment: New collaboration with U.S. Figure Skating highlights vertical adoption examples for performance analytics and fan engagement — incremental commercial proof point for Snowflake’s AI/analytics pitch. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Neutral Sentiment: Media discussion that heavy short interest in software stocks could spark short‑squeeze rallies — a possible near‑term technical upside but not a fundamental earnings driver. Software Stocks Look Primed for a Short Squeeze
• Neutral Sentiment: General roundup pieces trying to explain intraday moves and volatility in SNOW provide context but add little new fundamental information. What’s Going On With Snowflake Stock Today?
• Negative Sentiment: Pomerantz LLP investor investigation announced — potential legal overhang that can pressure the stock while the probe unfolds and could increase perceived risk. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent price pullbacks and a Zacks note highlighting a larger-than-market decline can reinforce short‑term negative momentum and investor caution. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SNOW shares. Morgan Stanley restated an “overweight” rating and issued a $299.00 price objective on shares of Snowflake in a research report on Tuesday, January 27th. Mizuho upped their target price on shares of Snowflake from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Citigroup cut their price objective on shares of Snowflake from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Barclays reissued an “equal weight” rating and set a $250.00 price objective (down previously from $290.00) on shares of Snowflake in a research note on Monday, January 12th. Finally, BTIG Research restated a “buy” rating and set a $312.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.68.

Insider Activity

In related news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 613,681 shares of company stock worth $130,573,518. Insiders own 6.80% of the company’s stock.

Snowflake Trading Down 3.4%

Shares of SNOW opened at $172.67 on Friday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The firm has a market capitalization of $59.09 billion, a P/E ratio of -42.74 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $209.54 and its 200 day simple moving average is $225.37.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 earnings per share. On average, equities research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

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.