CIBC Private Wealth Group LLC Purchases 95,877 Shares of Snowflake Inc. $SNOW

CIBC Private Wealth Group LLC lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 27.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 447,457 shares of the company’s stock after purchasing an additional 95,877 shares during the period. CIBC Private Wealth Group LLC owned 0.13% of Snowflake worth $100,924,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Total Clarity Wealth Management Inc. boosted its stake in Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after purchasing an additional 40 shares during the period. Diligent Investors LLC grew its holdings in Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the last quarter. Coastline Trust Co increased its position in Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares during the period. CX Institutional increased its position in Snowflake by 13.2% in the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after buying an additional 49 shares during the period. Finally, 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 during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 550 shares of Snowflake stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $100,342.00. Following the completion of the transaction, the executive vice president directly owned 501,835 shares of the company’s stock, valued at $91,554,777.40. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $70,601.57. Following the completion of the transaction, the director owned 23,315 shares in the company, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 703,029 shares of company stock valued at $142,236,823. 6.80% of the stock is owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4/product beat and revenue momentum: Snowflake reported product revenue growth that beat expectations (roughly 30% YoY reported in recent coverage), supporting the company’s cloud/AI adoption story. InsiderMonkey: Revenue Beats
• Positive Sentiment: Bank of America reiterates conviction: After an investor meeting with CFO Brian Robins, BofA kept a Buy rating and $275 price target, reinforcing bullish analyst backing for Snowflake’s long‑term growth potential. ProactiveInvestors: BofA Reiterates Buy
• Positive Sentiment: AI narrative and new features broaden addressable market: Coverage highlights Snowflake’s Q4 strength, rapid customer adds, and >430 new AI features plus partnerships (Anthropic, Google Cloud, OpenAI), which could extend revenue upside if adoption continues. Yahoo Finance: AI-Powered Q4
• Neutral Sentiment: Macquarie remains cautious: One report pairs the revenue beat with Macquarie maintaining a Neutral stance, underscoring that some brokers still see valuation/near‑term execution risks. InsiderMonkey: Macquarie Neutral
• Neutral Sentiment: New leadership progress but challenges persist: Analysis of Snowflake’s first full year under CEO Sridhar Ramaswamy notes progress on product and positioning, but flags competitive and valuation headwinds that keep the story mixed. 247WallSt: Leadership Review
• Negative Sentiment: Options/market positioning shows skepticism: A pieces suggests traders are using bear call spreads to express limited upside expectations, implying short‑term sentiment may cap gains. Yahoo Finance: Options Strategy
• Negative Sentiment: Wave of class‑action notices and litigation risk: Multiple law firms (Pomerantz, Rosen, Bronstein Gewirtz & Grossman, Schall, Bernstein Liebhard, Faruqi & Faruqi, Robbins Geller, DJS, Gross) have issued filings or investor alerts alleging securities claims tied to prior disclosures—this surge in litigation notices increases legal overhang and could pressure investor sentiment or lead to costs. GlobeNewswire: Pomerantz Alert BusinessWire: Robbins Geller Notice

Snowflake Stock Up 0.3%

Shares of SNOW stock opened at $174.87 on Wednesday. The stock has a market cap of $59.84 billion, a P/E ratio of -44.27 and a beta of 1.17. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The stock has a fifty day moving average price of $187.47 and a 200 day moving average price of $220.60. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue was up 30.1% on a year-over-year basis. Analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BTIG Research reduced their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Barclays dropped their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. UBS Group reduced their price target on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $275.00 price target on shares of Snowflake in a research 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Company 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.