Snowflake Inc. $SNOW Shares Acquired by Swedbank AB

Swedbank AB lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 24.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,649,771 shares of the company’s stock after purchasing an additional 319,356 shares during the period. Swedbank AB’s holdings in Snowflake were worth $248,818,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the fourth quarter valued at $28,000. Greenline Wealth Management LLC acquired a new position in shares of Snowflake during the 4th quarter worth about $29,000. GoalVest Advisory LLC boosted its position in shares of Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in shares of Snowflake in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SNOW shares. Weiss Ratings cut Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Rosenblatt Securities increased their price target on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Morgan Stanley raised their price objective on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Piper Sandler boosted their price objective on shares of Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Finally, KeyCorp set a $295.00 target price on shares of Snowflake in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $293.53.

Snowflake Stock Performance

Shares of SNOW traded up $7.50 during mid-day trading on Tuesday, reaching $269.59. 1,840,995 shares of the company’s stock were exchanged, compared to its average volume of 7,418,848. The business’s fifty day simple moving average is $205.08 and its 200-day simple moving average is $190.58. The stock has a market capitalization of $93.44 billion, a PE ratio of -76.54 and a beta of 1.35. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $284.99. 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 released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, equities research analysts expect that Snowflake Inc. will post -1.87 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Negative Sentiment: Multiple insiders sold shares, including Director Teresa Briggs selling 343 shares at about $255.11 and EVP Christian Kleinerman selling 2,500 shares for about $646,400. While the trades were made under pre-arranged 10b5-1 plans, insider selling can still pressure sentiment. Article Title
• Neutral Sentiment: Interactive Data, LLC said it is putting select identity data on the Snowflake Marketplace, with Cortex AI enabling natural-language analytics. This supports Snowflake’s AI/data-platform narrative and could help long-term adoption, but the immediate financial impact is not yet clear. Article Title
• Neutral Sentiment: A separate article highlighted Snowflake as one of BlackRock’s important AI holdings and pointed to the company’s expansion into Chile, reinforcing the growth story but not adding a near-term catalyst by itself. Article Title
• Neutral Sentiment: Recent earnings and analyst commentary remain supportive: Snowflake beat expectations last quarter, and several firms have raised price targets, with a consensus “Moderate Buy” view. That backdrop helps explain why the shares have stayed strong despite the insider sales. Article Title

Insiders Place Their Bets

In related news, CRO Jonathan Mead Beaulier sold 9,367 shares of the firm’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $231.98, for a total transaction of $2,172,956.66. Following the transaction, the executive owned 234,791 shares of the company’s stock, valued at $54,466,816.18. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Frank Slootman sold 99,900 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $251.73, for a total value of $25,147,827.00. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at $7,183,115.55. This trade represents a 77.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,751,274 shares of company stock valued at $408,653,013. 4.80% of the stock is owned by insiders.

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.