Newbridge Financial Services Group Inc. Increases Stock Holdings in Snowflake Inc. $SNOW

Newbridge Financial Services Group Inc. raised its stake in Snowflake Inc. (NYSE:SNOW) by 26.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,022 shares of the company’s stock after acquiring an additional 6,522 shares during the period. Snowflake makes up 1.1% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 25th largest position. Newbridge Financial Services Group Inc.’s holdings in Snowflake were worth $6,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in SNOW. Winslow Capital Management LLC purchased a new position in Snowflake in the second quarter valued at approximately $725,667,000. Coatue Management LLC purchased a new position in Snowflake in the third quarter valued at approximately $441,277,000. American Century Companies Inc. increased its stake in Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after purchasing an additional 1,473,354 shares during the last quarter. Sei Investments Co. increased its stake in Snowflake by 272.4% in the second quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after purchasing an additional 1,165,515 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after purchasing an additional 1,083,222 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and $190 price target, highlighting Snowflake’s unified AI Data Cloud and positioning the company as a key AI infrastructure play. Benchmark Initiation
• Positive Sentiment: Snowflake and industry partners (including Sundial) announced support for the Open Semantic Interchange to improve Data+AI interoperability, reinforcing enterprise traction and ecosystem momentum. Sundial Partnership
• Positive Sentiment: CEO Sridhar Ramaswamy discussed Project SnowWork and Snowflake’s roadmap for outcome-driven AI agents in enterprise workflows — messaging that supports long‑term revenue expansion tied to AI workloads. CEO Interview
• Neutral Sentiment: Coverage pieces from Zacks and Yahoo are debating valuation and near-term buy/sell/hold considerations as investors reassess Snowflake after recent share weakness; these stories can amplify trading but aren’t new fundamentals. Zacks Coverage
• Negative Sentiment: Director Michael L. Speiser sold 50,338 shares (and a separate smaller block) under a pre‑arranged Rule 10b5‑1 plan, a large disposition that can rattle sentiment despite being plan-driven. SEC filing: Insider Sale SEC Filing
• Negative Sentiment: Multiple securities class-action lawsuits and several law firms are soliciting lead plaintiffs, alleging inadequate disclosures about product efficiency and consumption impacts — this litigation wave raises legal risk and potential headline volatility. Representative filings/alerts: GlobeNewswire Lawsuit Alert and Schall Law Notice

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the transaction, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 in the last three months. Insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $149.15 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market cap of $51.56 billion, a PE ratio of -37.76 and a beta of 1.23. The company’s 50 day simple moving average is $172.51 and its 200-day simple moving average is $214.14. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on SNOW. Mizuho dropped their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research report on Monday, February 23rd. Raymond James Financial restated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Piper Sandler lowered their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Needham & Company LLC lowered their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.62.

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.