Western Wealth Management LLC Sells 1,881 Shares of Snowflake Inc. $SNOW

Western Wealth Management LLC lowered its position in Snowflake Inc. (NYSE:SNOW) by 72.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 702 shares of the company’s stock after selling 1,881 shares during the quarter. Western Wealth Management LLC’s holdings in Snowflake were worth $106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake in the fourth quarter worth approximately $29,000. Physician Wealth Advisors Inc. lifted its stake in shares of Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. MV Capital Management Inc. purchased a new position in Snowflake during the 4th quarter valued at $32,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the period. Institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, designed to govern enterprise AI agents, control costs and strengthen security. New integrations with 1Password and Aembit could support additional enterprise AI workloads and platform adoption. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Positive analyst and options sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, with 34 Buy ratings, five Holds and one Sell. Investors have also traded large volumes of long-dated short-put positions, a strategy that can indicate willingness to buy SNOW at lower prices or collect premium income. The consensus price target of $296.68, however, is below the stock’s current trading level. Consensus Recommendation Snowflake Put Options Activity
• Positive Sentiment: AI ecosystem momentum: Snowflake was cited as a strategic collaborator by Zeta Global after the marketing software company raised its 2026 revenue outlook. The association supports Snowflake’s positioning as infrastructure for AI-driven enterprise applications. Zeta Global AI Collaboration
• Neutral Sentiment: Relative investment appeal: An article suggested investors taking profits in sharply higher Nebius Group shares could consider cloud and AI companies including Snowflake. This may increase comparative interest in SNOW but does not represent a direct business catalyst. Nebius and Snowflake Investment Comparison
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves criminal attacks and does not announce a new Snowflake breach, it could revive concerns about customer security, controls and reputational risk. Snowflake Hacker Guilty Plea
• Negative Sentiment: Executive selling: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 2.66%, though the planned nature of the transaction makes it a weaker signal than discretionary selling. Christian Kleinerman Share Sale

Snowflake Trading Up 3.9%

Shares of NYSE SNOW opened at $330.26 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $262.16 and a two-hundred day simple moving average of $201.11. The firm has a market cap of $114.47 billion, a PE ratio of -93.82 and a beta of 1.33. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $331.40.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC increased their target price on Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their target price on shares of Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Scotiabank upped their price target on shares of Snowflake from $285.00 to $320.00 and gave the stock a “sector outperform” rating in a report on Monday, June 8th. Wedbush raised their price target on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Stifel Nicolaus lifted their price objective on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $296.68.

Insiders Place Their Bets

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. This trade represents a 91.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 437,076 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the completion of the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This represents a 91.99% 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. Insiders have sold a total of 2,091,260 shares of company stock worth $508,844,831 in the last three months. Corporate insiders own 4.80% of the company’s stock.

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.