Cane Capital Partners LLC Sells 15,666 Shares of Snowflake Inc. $SNOW

Cane Capital Partners LLC cut its holdings in Snowflake Inc. (NYSE:SNOW) by 71.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,243 shares of the company’s stock after selling 15,666 shares during the quarter. Cane Capital Partners LLC’s holdings in Snowflake were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SNOW. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC raised its position in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in Snowflake during the 4th quarter worth $32,000. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Up 2.4%

Shares of Snowflake stock opened at $260.73 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The business has a fifty day simple moving average of $198.52 and a 200 day simple moving average of $189.68. The stock has a market cap of $90.37 billion, a PE ratio of -74.07 and a beta of 1.35.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Research analysts predict that Snowflake Inc. will post -1.87 EPS for the current year.

Insider Buying and Selling

In other news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total value of $930,240.00. Following the completion of the sale, the senior vice president directly owned 258,689 shares of the company’s stock, valued at $62,085,360. This represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Emily Ho sold 1,860 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $232.25, for a total transaction of $431,985.00. Following the completion of the sale, the chief accounting officer owned 41,283 shares in the company, valued at $9,587,976.75. This represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,798,828 shares of company stock worth $415,351,838 over the last quarter. Insiders own 4.80% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
• Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
• Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
• Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
• Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
• Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
• Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Morgan Stanley boosted their price objective on Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Finally, Benchmark upped their target price on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $293.53.

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.