Cullen Frost Bankers Inc. Boosts Stake in Snowflake Inc. $SNOW

Cullen Frost Bankers Inc. raised its stake in Snowflake Inc. (NYSE:SNOW) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,704 shares of the company’s stock after buying an additional 5,252 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Snowflake were worth $14,413,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC purchased a new stake in Snowflake during the 3rd quarter worth approximately $25,000. GoalVest Advisory LLC boosted its position in Snowflake by 221.4% in 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. grew its stake in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC increased its position in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after acquiring an additional 50 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of Snowflake during the third quarter worth $34,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares in the company, valued at $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company’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 $8,818,714.22. Following the completion of the transaction, the director owned 30,236 shares in the company, valued at approximately $5,297,044.84. This trade represents a 62.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 428,963 shares of company stock worth $71,996,216. Corporate insiders own 6.80% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and kept a Buy rating, citing steady enterprise demand and early traction in AI-driven workflow tools ahead of earnings. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed an Outperform rating and set a $325 price target, highlighting optimism around Snowflake’s long-term growth and AI platform momentum.
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data ecosystems, which could support Snowflake’s AI and enterprise adoption story. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Investors are focused on Snowflake’s May 27 earnings report, which could be a major catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst roundups and comparison pieces continue to spotlight Snowflake as a leading AI software name, but they do not add a clear immediate catalyst on their own.
• Negative Sentiment: SNOW has also been hit by profit-taking and pre-earnings caution, with traders reducing exposure before the quarterly report. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: A market-wide rally also made Snowflake’s pullback more noticeable, suggesting the stock may be underperforming relative to broader tech sentiment on the day. Snowflake Inc. (SNOW) Stock Sinks As Market Gains: What You Should Know

Analyst Ratings Changes

Several brokerages have recently issued reports on SNOW. Citizens Jmp reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Snowflake in a research note on Tuesday. Mizuho reduced their target price on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. BTIG Research decreased their price target on shares of Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. JPMorgan Chase & Co. lowered their price target on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, TD Cowen dropped their price objective on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $242.19.

Snowflake Stock Down 1.6%

Shares of NYSE:SNOW opened at $166.81 on Thursday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market cap of $57.67 billion, a P/E ratio of -42.23 and a beta of 1.08. The firm has a fifty day moving average price of $154.22 and a 200 day moving average price of $194.08.

Snowflake (NYSE:SNOW) last announced 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 return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the business posted $0.30 EPS. The company’s revenue was up 30.1% on a year-over-year basis. Sell-side analysts predict that Snowflake Inc. will post -2.16 EPS for the current year.

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.