WINTON GROUP Ltd Cuts Stake in Snowflake Inc. $SNOW

WINTON GROUP Ltd lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 41.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,381 shares of the company’s stock after selling 7,396 shares during the period. WINTON GROUP Ltd’s holdings in Snowflake were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Total Clarity Wealth Management Inc. grew its stake in Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares in the last quarter. Coastline Trust Co lifted its stake in Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after purchasing an additional 42 shares in the last quarter. Wedbush Securities Inc. lifted its stake in Snowflake by 1.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after purchasing an additional 48 shares in the last quarter. CX Institutional boosted its holdings in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after purchasing an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. boosted its holdings in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after purchasing an additional 49 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $11,132,752.08. Following the sale, the director owned 31,916 shares in the company, valued at approximately $7,058,542.56. This represents a 61.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the completion of the sale, the executive vice president owned 471,351 shares of the company’s stock, valued at approximately $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 711,140 shares of company stock worth $144,037,791 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Monness Crespi & Hardt lifted their target price on Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Argus upgraded Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a report on Thursday, January 8th. KeyCorp reduced their price objective on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, TD Cowen decreased their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Stock Down 4.2%

Shares of NYSE:SNOW opened at $175.24 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a 50-day moving average price of $192.07 and a 200 day moving average price of $221.90. The company has a market cap of $59.97 billion, a price-to-earnings ratio of -44.36 and a beta of 1.16.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s new global AI report (with Omdia) finds positive ROI from enterprise AI projects and net job creation, positioning SNOW as a vendor benefiting from rising AI spend and longer-term enterprise demand. Read More.
• Positive Sentiment: Healthcare research (with Hakkoda/IBM) shows 85% of healthcare leaders view interoperability as essential to scale AI — a direct market for Snowflake’s data-cloud and Cortex capabilities. This supports revenue growth potential in a large vertical. Read More.
• Positive Sentiment: Multiple bullish analyst/features argue SNOW is a buy on strong Q4 results, accelerating AI product adoption (Cortex, Snowflake Intelligence), raised product revenue and margin traction — these narratives support upside if growth execution continues. Read More.
• Neutral Sentiment: Industry surveys and coverage show a nuanced AI jobs picture — many orgs report workforce gains alongside automation, which supports demand but tempers headline risk around job-loss fears. Read More.
• Neutral Sentiment: Macro/peer commentary highlights a 19% pullback over the past three months from margin pressure and competition; that frames SNOW as higher-upside but higher-volatility. Investors should watch margins and bookings trends. Read More.
• Negative Sentiment: Several law firms have filed or are soliciting plaintiffs for securities class actions covering the June 27, 2023–Feb 28, 2024 period. Litigation increases uncertainty, potential legal costs, and near-term headline risk. Read More.
• Negative Sentiment: Director Michael Speiser sold ~50k shares (~$175 average) in early March, materially reducing his stake — notable insider selling can weigh on sentiment even if for personal reasons. Read More.

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.