EverSource Wealth Advisors LLC Boosts Stock Position in Snowflake Inc. $SNOW

EverSource Wealth Advisors LLC boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,264 shares of the company’s stock after acquiring an additional 3,042 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Snowflake were worth $3,129,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SNOW. GoalVest Advisory LLC boosted its holdings in 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 acquiring an additional 93 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in 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 acquiring an additional 51 shares during the period. HHM Wealth Advisors LLC lifted its holdings in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth $34,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Snowflake by 44.1% in the 3rd 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 period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SNOW. Morgan Stanley lowered their target price on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Scotiabank lowered their target price on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group lowered their target price on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Evercore set a $200.00 target price on Snowflake in a report on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Trading Up 3.9%

SNOW opened at $171.98 on Friday. The firm has a market cap of $59.45 billion, a price-to-earnings ratio of -43.54 and a beta of 1.08. 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 12 month low of $118.30 and a 12 month high of $280.67. The stock has a fifty day moving average price of $153.88 and a 200-day moving average price of $193.16.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares of the company’s stock, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 144,650 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $6,675,170.70. The trade was a 79.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 428,963 shares of company stock valued at $71,996,216. 6.80% of the stock is currently owned by insiders.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and better execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 target, reflecting confidence that Snowflake’s AI platform growth can keep accelerating. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake is gaining investor attention ahead of its next earnings report, with traders looking for a catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Positive Sentiment: Recent coverage says Snowflake is expanding its AI ecosystem through partnerships and product integrations, which could support longer-term enterprise adoption and revenue growth. Snowflake Expands AI Ecosystem As Partnerships Deepen Everyday Enterprise Workflows
• Neutral Sentiment: Analysts and media have highlighted Snowflake’s strong customer growth and AI partnerships, but also pointed to heavier competition from Alphabet and Amazon. Snowflake Rides on Growing Customer Base: More Upside Ahead?
• Neutral Sentiment: Some commentary suggests the stock’s recent weakness was more of a pause after a strong run than a sign of a new company-specific problem. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a large share sale, which can weigh on sentiment even though it was made under a pre-arranged trading plan. SEC Form 4 filing

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.