SP Asset Management LLC Cuts Position in Snowflake Inc. $SNOW

SP Asset Management LLC decreased its holdings in Snowflake Inc. (NYSE:SNOW) by 15.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,009 shares of the company’s stock after selling 2,700 shares during the quarter. SP Asset Management LLC’s holdings in Snowflake were worth $3,385,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC boosted its stake in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. grew its position in Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Hilltop National Bank acquired a new position in Snowflake in the second quarter valued at $53,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Snowflake in the second quarter valued at about $224,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNOW shares. Bank of America boosted their price target on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Canaccord Genuity Group boosted their target price on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 4th. BTIG Research reaffirmed a “buy” rating and set a $312.00 price target on shares of Snowflake in a report on Thursday, December 4th. Wedbush reiterated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Finally, DA Davidson restated a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $275.58.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Major commercial partnership: Snowflake signed a $200M multi‑year deal to integrate OpenAI models into its platform — a potential accelerator for consumption revenue if customers run models on Snowflake compute. Snowflake partners with OpenAI in $200 million AI deal
• Positive Sentiment: Product launches aimed at commercializing AI: Snowflake announced Cortex Code (AI coding agent), Semantic View Autopilot (GA) and Snowflake Postgres enhancements to make enterprise data AI‑ready — these can increase stickiness and consumption. Snowflake Unveils Cortex Code Semantic View Autopilot GA Snowflake Postgres announcement
• Positive Sentiment: Analyst support: Multiple firms reiterated buy ratings and favorable views (DA Davidson, Bank of America), highlighting upside vs. current valuation and belief in reacceleration from AI-driven consumption. DA Davidson reiterates Buy Bank of America reiterates Buy
• Neutral Sentiment: Upcoming earnings and investor events: Snowflake will report fiscal Q4 on Feb. 25 and present at a Morgan Stanley conference on March 3 — these are likely catalysts for guidance/visibility. Q4 results announcement Investor conference presentation
• Neutral Sentiment: Partnership ecosystem and go‑to‑market moves: New partner designations and regional hires (e.g., Avaap Premier Partner, EMEA lead) support execution but are not immediate revenue drivers. Avaap Premier Partner EMEA lead hire
• Negative Sentiment: Insider/executive change: A Snowflake director resigned following completion of the Observe acquisition — governance changes can raise short‑term uncertainty. Director resigns after Observe acquisition
• Negative Sentiment: Market skepticism / muted reaction: Despite headlines, the market response was subdued — investors want clear evidence the OpenAI tie‑up drives durable, margin‑accretive consumption rather than higher costs. MarketBeat analysis of muted stock reaction

Snowflake Stock Performance

Shares of SNOW opened at $191.09 on Tuesday. The company has a market capitalization of $65.39 billion, a price-to-earnings ratio of -47.30 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company’s 50 day simple moving average is $222.31 and its 200 day simple moving average is $227.98.

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

Insiders Place Their Bets

In related news, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president directly owned 471,351 shares in the company, valued at $103,650,084.90. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 603,681 shares of company stock valued at $133,274,845. 6.80% of the stock is currently owned by corporate insiders.

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.