TD Private Client Wealth LLC Purchases 2,911 Shares of Snowflake Inc. $SNOW

TD Private Client Wealth LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 1,532.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,101 shares of the company’s stock after buying an additional 2,911 shares during the period. TD Private Client Wealth LLC’s holdings in Snowflake were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Snowflake by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 27,789,761 shares of the company’s stock valued at $6,218,515,000 after acquiring an additional 595,553 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Snowflake in the second quarter valued at approximately $3,900,134,000. Jennison Associates LLC raised its holdings in shares of Snowflake by 20.5% in the second quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after purchasing an additional 1,363,389 shares during the last quarter. State Street Corp lifted its position in shares of Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after purchasing an additional 94,293 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its holdings in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after purchasing an additional 652,485 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Acquisitions broaden product scope and strengthen AI/telemetry offering — Snowflake’s deals (including Datometry and Observe) expand its data/AI platform, increasing addressable market and cross-sell opportunities that support revenue growth expectations. SNOW Expands Portfolio on Acquisitions
• Positive Sentiment: Telemetry + BI integration seen as strategic — reporting highlights that Snowflake’s acquisition linking telemetry and business intelligence should improve observability and make operational data actionable inside Snowflake, a structural positive for enterprise adoption. Snowflake acquisition connects telemetry and business intelligence
• Neutral Sentiment: Wall Street tone largely constructive — media coverage notes analysts remain optimistic overall, which can support multiple expansion, but updates are mixed across firms. Monitor firm-level rating/target changes for near-term moves. Is Snowflake (SNOW) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: KeyCorp reiterates Overweight and $285 target but models continued losses — the firm projects multi-quarter negative EPS (e.g., Q1/Q2/Q3 FY27 estimates) even as it keeps a bullish target, creating a mix of upside to the stock target and near-term earnings pressure. MarketBeat Snowflake coverage (KeyCorp notes)
• Negative Sentiment: Analyst downgrade pressured the stock recently — reports that an analyst downgrade drove a ~5% intraday drop highlight sensitivity to sell-side revisions; such downgrades can trigger short-term selling even with long-term strategic positives. Snowflake Stock Price Down 5.1% on Analyst Downgrade
• Negative Sentiment: Near-term profitability remains a concern — consensus and some broker models still forecast negative full-year EPS, which can limit valuation multiples if revenue growth slows or margin improvement lags expectations. SNOW Falls More Steeply Than Broader Market

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SNOW. Cantor Fitzgerald lifted their price target on shares of Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $280.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Rosenblatt Securities upped their target price on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 1st. KeyCorp raised their price target on Snowflake from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, Bank of America boosted their price target on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.58.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the transaction, the executive vice president directly owned 512,450 shares of the company’s stock, valued at $127,871,648.50. This represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the sale, the director owned 32,756 shares of the company’s stock, valued at $7,555,171.40. This trade represents a 60.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 418,681 shares of company stock valued at $96,073,145. 6.80% of the stock is owned by company insiders.

Snowflake Price Performance

Shares of NYSE SNOW opened at $208.16 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average price is $234.13 and its two-hundred day moving average price is $228.74. The company has a market cap of $71.23 billion, a PE ratio of -51.53 and a beta of 1.14. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

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.