Vestcor Inc Has $5.93 Million Stock Holdings in Snowflake Inc. $SNOW

Vestcor Inc boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 61.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,297 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Vestcor Inc’s holdings in Snowflake were worth $5,931,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SNOW. Norges Bank bought a new stake in shares of Snowflake in the 2nd quarter valued at approximately $944,895,000. Winslow Capital Management LLC bought a new position in shares of Snowflake during the 2nd quarter worth approximately $725,667,000. American Century Companies Inc. boosted its stake in Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares in the last quarter. Sei Investments Co. boosted its stake in Snowflake by 272.4% in the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after buying an additional 1,165,515 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNOW. Macquarie Infrastructure increased their price objective on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research note on Monday, November 24th. The Goldman Sachs Group lowered their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley dropped their target price on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Wells Fargo & Company cut their price target on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Snowflake Stock Up 1.2%

Shares of NYSE SNOW opened at $182.63 on Tuesday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm’s 50-day moving average is $193.01 and its 200-day moving average is $222.05. 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 firm has a market capitalization of $62.50 billion, a PE ratio of -46.23 and a beta of 1.17.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Buying and Selling

In other news, 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 owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 711,140 shares of company stock worth $144,037,791. Company insiders own 6.80% of the company’s stock.

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.