CenterBook Partners LP Acquires 101,966 Shares of Snowflake Inc. $SNOW

CenterBook Partners LP boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 1,149.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,837 shares of the company’s stock after acquiring an additional 101,966 shares during the quarter. Snowflake accounts for about 1.2% of CenterBook Partners LP’s portfolio, making the stock its 12th largest position. CenterBook Partners LP’s holdings in Snowflake were worth $24,999,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SNOW. Vanguard Group Inc. increased its holdings in Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the period. Jennison Associates LLC increased its stake in shares of 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 buying an additional 1,083,222 shares during the period. State Street Corp raised its position in shares of Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after acquiring an additional 94,293 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after acquiring an additional 652,485 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Snowflake by 3.1% in the second quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock worth $986,057,000 after acquiring an additional 133,059 shares during the period. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SNOW shares. Needham & Company LLC restated a “buy” rating and set a $280.00 price target on shares of Snowflake in a report on Thursday, December 4th. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. DA Davidson restated a “buy” rating and issued a $300.00 target price on shares of Snowflake in a research note on Friday, January 30th. Citizens Jmp boosted their price target on shares of Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Finally, Evercore upped their target price on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $274.00.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total value of $239,731.36. Following the transaction, the chief accounting officer owned 43,809 shares in the company, valued at approximately $9,797,006.67. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction on 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 transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 613,681 shares of company stock worth $130,573,518 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Down 2.8%

SNOW stock opened at $177.21 on Wednesday. The stock’s fifty day simple moving average is $206.83 and its two-hundred day simple moving average is $224.71. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The stock has a market cap of $60.64 billion, a P/E ratio of -43.86 and a beta of 1.14.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake rolled out a new coding agent that the company’s head of product says is “in a category of its own,” reinforcing Snowflake’s AI/software differentiation and potential to capture developer workflows on its platform. Snowflake coding agent article
• Positive Sentiment: Analysis pieces highlighting Snowflake and Salesforce as beneficiaries of the AI software “shake‑up” support the view that Snowflake can monetize AI use cases and maintain structural growth even amid competition. Forbes AI software shake-up
• Neutral Sentiment: Sector commentary comparing AI hardware leaders (e.g., Nvidia) to software/infra plays may divert some attention and capital, but it’s not directly negative for Snowflake’s product roadmap. AI sector comparison
• Neutral Sentiment: Valuation debate continues: coverage notes Snowflake trades at a premium P/S multiple given AI-driven growth expectations, leaving the stock sensitive to execution and guidance. Zacks valuation piece
• Negative Sentiment: Competitive pressure: Google announced a BigQuery global queries feature that overlaps with Snowflake’s cross-region/query capabilities, prompting investor concern about platform-level competition and potential pricing/feature pressure. Google BigQuery feature
• Negative Sentiment: Analyst price target cuts: Goldman Sachs trimmed its target (but kept a Buy) and Mizuho lowered its target from $285 to $220 — both moves reduce near-term upside expectations and likely pressured sentiment. Goldman Sachs PT cut Mizuho PT cut
• Negative Sentiment: Investor litigation alert: Pomerantz announced an investigation into Snowflake investor claims — a legal overhang that can increase volatility and weigh on sentiment until resolved. Pomerantz investor alert
• Negative Sentiment: Market reaction: reports note SNOW shares slid in recent sessions amid the items above, reflecting investor concern over competition, guidance sensitivity and valuation. Zacks market wrap

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.