Snowflake Inc. $SNOW Shares Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 147.4% during the third quarter, HoldingsChannel.com reports. The fund owned 11,092 shares of the company’s stock after acquiring an additional 6,609 shares during the period. NewEdge Wealth LLC’s holdings in Snowflake were worth $2,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. CenterBook Partners LP boosted its position in Snowflake by 1,149.4% during the 3rd quarter. CenterBook Partners LP now owns 110,837 shares of the company’s stock valued at $24,999,000 after purchasing an additional 101,966 shares during the period. MJP Associates Inc. ADV acquired a new stake in Snowflake in the third quarter worth $375,000. Wealthcare Advisory Partners LLC lifted its stake in Snowflake by 26.8% in the third quarter. Wealthcare Advisory Partners LLC now owns 15,670 shares of the company’s stock valued at $3,534,000 after buying an additional 3,309 shares during the last quarter. Rothschild Investment LLC boosted its holdings in shares of Snowflake by 64.0% during the third quarter. Rothschild Investment LLC now owns 7,216 shares of the company’s stock valued at $1,628,000 after acquiring an additional 2,816 shares during the period. Finally, M&G PLC grew its position in shares of Snowflake by 704.0% during the third quarter. M&G PLC now owns 60,910 shares of the company’s stock worth $13,766,000 after acquiring an additional 53,334 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 713,681 shares of company stock worth $148,264,518 over the last quarter. 6.80% of the stock is currently owned by insiders.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI monetization and partnerships: reports say Snowflake has hit an early ~$100M AI run rate and its AI product stack (Cortex, Document AI) plus large partnerships are driving enterprise adoption and new revenue streams. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst/preview optimism and consumption trends: Oppenheimer and other previews expect a “solid” Q4 as consumption trends run above plan; Wells Fargo survey coverage also highlights upticks in consumption that could support near‑term demand. Snowflake Seen Delivering ‘Solid’ Q4
• Positive Sentiment: Partner and product integrations strengthen go‑to‑market: elevated partner tiers and product integrations (KPI Partners, Liquibase support) help enterprise adoption and channel reach. KPI Partners Elevates Partnership Tier
• Neutral Sentiment: Mixed analyst signals: some firms (Citigroup) warn downside and have trimmed expectations even as others (many buy ratings remain) keep constructive views — this creates conflicted near‑term guidance for traders. Citigroup Has Lowered Expectations for Snowflake
• Negative Sentiment: Insider selling: Director Frank Slootman sold 100,000 shares (~$17.7M at the sale price) in a disclosed trade, and recent repeated insider sales can spook investors and reduce perceived insider conviction. Frank Slootman Insider Sale Filing
• Negative Sentiment: Shareholder investigations and legal overhang: law firms (Pomerantz, Johnson Fistel) announced probes into investor losses, raising litigation risk and adding regulatory uncertainty that can pressure the stock. Pomerantz Investigation Notice
• Negative Sentiment: Analyst downgrades / price‑target cuts: several shops have trimmed targets (Mizuho, Goldman among others) or issued cautious notes, which reduces near‑term upside expectations and can amplify selling. Mizuho Lowers Snowflake Price Target

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Zacks Research downgraded shares of Snowflake from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company raised their price target on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research report on Friday, January 30th. Bank of America increased their price objective on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Citizens Jmp lifted their target price on Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $269.84.

Snowflake Stock Performance

NYSE:SNOW opened at $172.49 on Friday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. 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 has a 50-day moving average of $204.30 and a 200-day moving average of $223.81. The firm has a market cap of $59.03 billion, a price-to-earnings ratio of -42.70 and a beta of 1.14.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.31 by $0.04. The business 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 quarterly revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. Analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal 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.