Wakefield Asset Management LLLP Purchases New Holdings in Snowflake Inc. $SNOW

Wakefield Asset Management LLLP purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,752 shares of the company’s stock, valued at approximately $823,000.

Other institutional investors have also made changes to their positions in the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of Snowflake in the third quarter valued at approximately $25,000. GoalVest Advisory LLC boosted its stake in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. HHM Wealth Advisors LLC boosted its stake in shares of Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the period. Finally, Root Financial Partners LLC bought a new stake in shares of Snowflake in the third quarter valued at approximately $34,000. 65.10% of the stock is currently owned by institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.59, for a total value of $57,060.77. Following the sale, the director owned 22,509 shares in the company, valued at $3,187,049.31. This trade represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 11,299 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the sale, the director owned 38,046 shares in the company, valued at $6,667,561.50. This represents a 22.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 384,313 shares of company stock valued at $64,308,373. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $157.57 on Friday. 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 capitalization of $54.47 billion, a price-to-earnings ratio of -39.89 and a beta of 1.08. The firm’s 50 day simple moving average is $155.02 and its 200 day simple moving average is $196.74. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business posted $0.30 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, research analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SNOW shares. Wells Fargo & Company cut their price target on Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. Sanford C. Bernstein reduced their price target on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. UBS Group reduced their price target on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, Needham & Company LLC reduced their price target 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 investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

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.