Jupiter Asset Management Ltd. Has $47.76 Million Stock Position in Snowflake Inc. $SNOW

Jupiter Asset Management Ltd. raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 173.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 217,730 shares of the company’s stock after acquiring an additional 138,029 shares during the period. Jupiter Asset Management Ltd.’s holdings in Snowflake were worth $47,761,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SNOW. GoalVest Advisory LLC lifted its holdings in Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares in the last quarter. HHM Wealth Advisors LLC increased its position in Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in shares of Snowflake by 44.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares in the last quarter. Finally, Ameriflex Group Inc. lifted its holdings in shares of Snowflake by 252.2% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $37,000 after buying an additional 116 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Insider Activity

In related news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $141.59, for a total transaction of $57,060.77. Following the completion of the sale, the director directly owned 22,509 shares in the company, valued at $3,187,049.31. This represents a 1.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of the sale, the senior vice president directly owned 273,323 shares in the company, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 484,313 shares of company stock valued at $81,766,598. Corporate insiders own 4.80% of the company’s stock.

Snowflake Trading Up 36.5%

Shares of Snowflake stock opened at $239.22 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a market capitalization of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08. The firm’s 50-day moving average price is $155.03 and its two-hundred day moving average price is $190.49.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. On average, analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNOW shares. Morgan Stanley upped their price target on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore set a $200.00 price objective on shares of Snowflake in a report on Tuesday, April 14th. Mizuho increased their target price on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen raised their target price on shares of Snowflake from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Benchmark lifted their price target on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $283.74.

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.