Chesapeake Capital Corp IL Acquires Shares of 3,159 Snowflake Inc. $SNOW

Chesapeake Capital Corp IL acquired a new position in Snowflake Inc. (NYSE:SNOW) during the third quarter, HoldingsChannel reports. The fund acquired 3,159 shares of the company’s stock, valued at approximately $713,000.

Several other large investors also recently made changes to their positions in SNOW. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake during the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. increased its position in Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Snowflake in the third quarter worth about $34,000. Finally, First Horizon Corp bought a new position in shares of Snowflake in the third quarter worth about $35,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $178.60 on Friday. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The stock has a market cap of $61.12 billion, a PE ratio of -45.22 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The firm’s 50 day moving average price is $189.67 and its two-hundred day moving average price is $221.18.

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

Analyst Ratings Changes

Several analysts have recently commented on SNOW shares. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Oppenheimer restated a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. Mizuho reduced their price objective on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Rosenblatt Securities reiterated a “buy” rating and issued a $275.00 price objective on shares of Snowflake in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada set a $245.00 target price on Snowflake in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average 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: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $221.16, for a total value of $11,132,752.08. Following the completion of the sale, the director owned 31,916 shares in the company, valued at approximately $7,058,542.56. This represents a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the transaction, the director directly owned 50,329 shares in the company, valued at $10,406,527.33. The trade was a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 713,732 shares of company stock valued at $144,510,676 over the last 90 days. Company insiders own 6.80% of the company’s stock.

Snowflake 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.