iA Global Asset Management Inc. Has $13.51 Million Stake in Snowflake Inc. $SNOW

iA Global Asset Management Inc. increased its position in Snowflake Inc. (NYSE:SNOW) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,600 shares of the company’s stock after purchasing an additional 5,730 shares during the period. iA Global Asset Management Inc.’s holdings in Snowflake were worth $13,513,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SNOW. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Snowflake during the 3rd quarter valued at $25,000. GoalVest Advisory LLC boosted its stake in shares of Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% during 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 during the period. HHM Wealth Advisors LLC boosted its stake in shares of Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Snowflake during the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SNOW. Piper Sandler decreased their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Monness Crespi & Hardt lifted their target price on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Truist Financial set a $125.00 target price on shares of Snowflake in a research note on Wednesday, April 15th. Citigroup decreased their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Finally, TD Cowen decreased their target price on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

Insider Activity

In related news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director owned 30,236 shares in the company, valued at $5,297,044.84. This trade represents a 62.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. This trade represents a 66.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 384,313 shares of company stock worth $64,308,373. Insiders own 6.80% of the company’s stock.

Snowflake Stock Up 4.5%

Snowflake stock opened at $157.57 on Friday. The company has a market capitalization of $54.47 billion, a P/E ratio of -39.89 and a beta of 1.08. The firm’s fifty day simple moving average is $155.02 and its 200-day simple moving average is $196.74. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS. Sell-side analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

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.