Pallas Capital Advisors LLC Sells 5,640 Shares of Snowflake Inc. $SNOW

Pallas Capital Advisors LLC cut its holdings in Snowflake Inc. (NYSE:SNOW) by 23.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 18,804 shares of the company’s stock after selling 5,640 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Snowflake were worth $4,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SNOW. Norges Bank bought a new position in shares of Snowflake during the second quarter worth approximately $944,895,000. Winslow Capital Management LLC acquired a new stake in Snowflake during the second quarter worth approximately $725,667,000. Jennison Associates LLC grew its position in Snowflake by 20.5% during the second quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock worth $1,790,309,000 after buying an additional 1,363,389 shares in the last quarter. Sei Investments Co. increased its stake in Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock worth $356,543,000 after acquiring an additional 1,165,515 shares during the period. Finally, Artisan Partners Limited Partnership raised its holdings in Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the sale, the director owned 50,329 shares in the company, valued at $11,164,482.07. The trade was a 79.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $11,610,459.70. Following the completion of the transaction, the director owned 32,756 shares of the company’s stock, valued at $7,555,171.40. This represents a 60.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 613,681 shares of company stock valued at $130,573,518 over the last quarter. 6.80% of the stock is currently owned by insiders.

Snowflake Trading Up 5.5%

SNOW opened at $182.37 on Monday. The company has a market cap of $62.41 billion, a P/E ratio of -45.14 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $208.60 and its 200-day moving average is $225.20. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67.

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

Wall Street Analysts Forecast Growth

SNOW has been the topic of several analyst reports. JMP Securities increased their target price on Snowflake from $283.00 to $325.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 28th. Wells Fargo & Company upped their price objective on shares of Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. BTIG Research reissued a “buy” rating and issued a $312.00 target price on shares of Snowflake in a report on Thursday, December 4th. KeyCorp boosted their target price on shares of Snowflake from $275.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $300.00 price target on shares of Snowflake in a report on Friday, January 30th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $274.68.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI tie-up and new AI tools — market reacted strongly to the expanded OpenAI relationship and product announcements that position Snowflake as a platform for enterprise AI agents. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Deal frames enterprise AI agent opportunity — coverage explains how the OpenAI tie-up could accelerate adoption of AI agents on Snowflake’s data cloud. Snowflake OpenAI Deal Puts Enterprise AI Agents At Center Stage
• Positive Sentiment: Analysts reaffirm bullish view on Snowflake’s AI strategy — analyst commentary supports the market’s positive reaction and may sustain increased investor interest. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: New commercial partnership with U.S. Figure Skating — expands Snowflake’s vertical use cases (athlete performance, fan engagement) and showcases go-to-market momentum. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Notable buy by CNBC’s Amy Raskin — publicized insider/portfolio manager buying can be read as a vote of confidence. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Neutral Sentiment: Street rating remains constructive but measured — analysts give an average “Moderate Buy” rating, indicating continued conviction but not unanimous enthusiasm. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Johnson Fistel launches securities probe — law firm soliciting shareholders about potential claims could increase legal overhang and investor uncertainty. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz begins investor investigation — a second law firm action raises the risk of litigation costs and management distraction. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent share pullback noted by market commentary — short-term volatility and a recent decline vs. the market are reminders of execution and sentiment risks. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

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.