Spear Advisors LLC Takes $2.38 Million Position in Snowflake Inc. $SNOW

Spear Advisors LLC purchased a new position in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,858 shares of the company’s stock, valued at approximately $2,382,000. Snowflake makes up 1.7% of Spear Advisors LLC’s investment portfolio, making the stock its 19th largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of SNOW. Brighton Jones LLC raised its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after buying an additional 29,320 shares during the period. Intech Investment Management LLC increased its holdings in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its holdings in Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Flow Traders U.S. LLC purchased a new position in Snowflake during the 2nd quarter worth $221,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and improved execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, signaling confidence that Snowflake’s AI platform growth can continue to accelerate. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake was included in bullish coverage around its upcoming earnings date, with investors focused on May 27 as a potential catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Neutral Sentiment: Snowflake also got favorable attention from a collaboration announcement with AVEVA aimed at accelerating industrial AI and unifying IT/OT data ecosystems, which supports its longer-term platform narrative. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Analysts and media noted Snowflake’s strong recent momentum, but some of the day’s move looked like a normal cooling-off period after a sharp rally rather than a company-specific setback. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a sale of 144,650 shares, a large transaction that may raise some investor concerns even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC reduced their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Citizens Jmp restated a “market outperform” rating and set a $325.00 price objective on shares of Snowflake in a report on Tuesday. Royal Bank Of Canada set a $245.00 target price on Snowflake in a research report on Wednesday, February 11th. Finally, DA Davidson dropped their target price on Snowflake from $300.00 to $250.00 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 assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

Insider Activity at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This represents a 0.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 428,963 shares of company stock worth $71,996,216 in the last quarter. 6.80% of the stock is owned by insiders.

Snowflake Stock Down 1.6%

Snowflake stock opened at $166.81 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $57.67 billion, a price-to-earnings ratio of -42.23 and a beta of 1.08. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The business has a fifty day moving average price of $154.22 and a 200-day moving average price of $194.08.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Equities research analysts forecast that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

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.