TD Waterhouse Canada Inc. Sells 9,285 Shares of Snowflake Inc. $SNOW

TD Waterhouse Canada Inc. lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 31.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,812 shares of the company’s stock after selling 9,285 shares during the period. TD Waterhouse Canada Inc.’s holdings in Snowflake were worth $4,570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC increased its stake in Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 73 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Snowflake by 5.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $734,000 after acquiring an additional 173 shares during the last quarter. Finally, Truist Financial Corp grew its holdings in shares of Snowflake by 8.8% in the second quarter. Truist Financial Corp now owns 54,137 shares of the company’s stock valued at $12,114,000 after purchasing an additional 4,375 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long‑term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI‑driven energy operations, reinforcing go‑to‑market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer‑term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total value of $89,127.48. Following the completion of the sale, the director directly owned 24,121 shares in the company, valued at approximately $5,334,600.36. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the transaction, the executive vice president directly owned 471,351 shares in the company, valued at $103,650,084.90. The trade was a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 613,681 shares of company stock worth $136,052,145 over the last quarter. Insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on SNOW shares. Morgan Stanley reiterated an “overweight” rating and set a $299.00 price objective on shares of Snowflake in a research report on Tuesday. BTIG Research reiterated a “buy” rating and issued a $312.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Bank of America raised their price objective on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, JMP Securities boosted their target price on Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $275.58.

Snowflake Stock Performance

Shares of Snowflake stock opened at $192.66 on Friday. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a market capitalization of $65.93 billion, a PE ratio of -47.69 and a beta of 1.14. The stock’s fifty day moving average is $223.34 and its two-hundred day moving average is $227.90. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 earnings per share. As a group, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

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.