Josh Arnold Investment Consultant LLC Acquires Shares of 85,000 Snowflake Inc. $SNOW

Josh Arnold Investment Consultant LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 85,000 shares of the company’s stock, valued at approximately $18,646,000. Snowflake accounts for about 10.2% of Josh Arnold Investment Consultant LLC’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Total Clarity Wealth Management Inc. raised its holdings in Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC boosted its stake in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares during the period. Wolff Wiese Magana LLC boosted its stake in Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after buying an additional 50 shares during the period. HHM Wealth Advisors LLC increased its position in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. Finally, United Asset Strategies Inc. increased its position in Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake continues to win new business, including Unlimitail selecting its platform for a privacy-preserving retail media data hub across Europe and Latin America, which reinforces demand for Snowflake’s data cloud and clean room products. Article Title
• Positive Sentiment: Analysts remain constructive, with several firms lifting price targets and Jefferies saying Snowflake still has room to grow despite tougher competition from Databricks, helped by enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Snowflake’s venture arm invested in Jedify, adding to the company’s AI-focused narrative and signaling continued interest in emerging data and agentic application tools. Article Title
• Neutral Sentiment: A comparison piece versus Alphabet highlighted Snowflake’s strong AI adoption and customer growth, but also noted that Google Cloud and Alphabet’s earnings momentum may make GOOGL the stronger relative pick. Article Title
• Neutral Sentiment: Several Snowflake executives, including EVP Christian Kleinerman and former CEO Frank Slootman, sold shares under pre-arranged 10b5-1 plans tied to tax withholding from equity vesting, which is not unusual but can still temper sentiment. Article Title
• Negative Sentiment: Coverage around intensifying competition from Databricks may weigh on Snowflake’s stock as investors focus on growth-rate comparisons and long-term share gains in the AI data platform market. Article Title

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the transaction, the director owned 38,046 shares in the company, valued at approximately $9,603,951.78. This trade represents a 91.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.00, for a total value of $2,720,000.00. Following the completion of the sale, the executive vice president owned 418,494 shares of the company’s stock, valued at $113,830,368. The trade was a 2.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,493,618 shares of company stock worth $343,531,621 over the last quarter. 4.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SNOW. HSBC set a $289.00 target price on shares of Snowflake and gave the stock a “buy” rating in a report on Friday, May 29th. Cantor Fitzgerald upped their price target on shares of Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Piper Sandler raised their price objective on shares of Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Sanford C. Bernstein boosted their target price on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $291.77.

Snowflake Trading Down 0.9%

SNOW stock opened at $232.49 on Friday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The firm’s 50-day moving average is $180.53 and its 200 day moving average is $189.47. The company has a market capitalization of $80.58 billion, a PE ratio of -66.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, research analysts anticipate that Snowflake Inc. will post -1.87 EPS for the current year.

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.