Wealth High Governance Asset Management Ltda. Acquires Shares of 11,988 Snowflake Inc. $SNOW

Wealth High Governance Asset Management Ltda. purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,988 shares of the company’s stock, valued at approximately $1,808,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNOW. Assetmark Inc. raised its stake in Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after acquiring an additional 98,870 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Swedbank AB grew its stake in shares of Snowflake by 6.0% in the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after purchasing an additional 75,419 shares during the last quarter. Cache Advisors LLC increased its holdings in shares of Snowflake by 175.0% in the fourth quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock valued at $2,442,000 after purchasing an additional 7,084 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Snowflake by 8.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock valued at $31,639,000 after purchasing an additional 10,972 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of several recent research reports. Loop Capital increased their price target on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Wedbush boosted their price objective on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Scotiabank boosted their price objective on shares of Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a research note on Monday, June 8th. Evercore set a $200.00 price objective on shares of Snowflake in a research report on Tuesday, April 14th. Finally, Needham & Company LLC raised their target price on shares of Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $296.27.

Insiders Place Their Bets

In other Snowflake news, Director Teresa Briggs sold 343 shares of the business’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $255.11, for a total transaction of $87,502.73. Following the sale, the director directly owned 5,060 shares in the company, valued at approximately $1,290,856.60. The trade was a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 10,315 shares of the business’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $275.10, for a total transaction of $2,837,656.50. Following the completion of the sale, the director owned 28,535 shares in the company, valued at $7,849,978.50. This represents a 26.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 2,051,274 shares of company stock worth $496,879,031 in the last ninety days. 4.80% of the stock is owned by insiders.

Snowflake Stock Up 0.3%

SNOW opened at $294.05 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day simple moving average of $250.72 and a 200-day simple moving average of $197.20. The stock has a market capitalization of $101.92 billion, a P/E ratio of -83.54 and a beta of 1.35. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $304.17.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI adoption is supporting Snowflake’s outlook. A report highlighted AI traction as a factor behind the company’s guidance boost, reinforcing the view that demand for Snowflake’s data and AI platform remains strong. Snowflake recently exceeded quarterly earnings and revenue expectations, with revenue increasing 33.5% year over year. AI Traction Fuels Snowflake’s Guidance Boost
• Positive Sentiment: New enterprise AI partnerships add validation. Cursor named Snowflake one of six Benchmark Partners, alongside AWS, NVIDIA, Databricks, BCG and McKinsey, to help enterprises scale AI software development. The partnership could expand Snowflake’s visibility and potential usage among corporate AI customers. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Some analysts remain highly bullish. Wells Fargo reportedly established an exceptionally high price target, reflecting increased confidence in Snowflake’s AI opportunity and the possibility of further growth. Wells Fargo Sees a Massive Number in Snowflake’s Future
• Neutral Sentiment: Insider selling was conducted under a preset plan. Co-founder Benoit Dageville sold or gifted 66,600 shares but reportedly retained a stake worth approximately $1.27 billion, limiting the transaction’s signal about his long-term confidence. Snowflake Co-Founder Share Transaction
• Negative Sentiment: Valuation is tempering enthusiasm. Commentators argue that Snowflake has “won” the AI debate, but its elevated valuation leaves limited room for execution mistakes. Another analysis suggested the recent rally could be running out of steam, helping explain the stock’s pullback despite favorable AI news. Snowflake Won the AI Argument, the Valuation Still Worries Me Why Snowflake Stock’s Rally May Be Running Out

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.