Clear Harbor Asset Management LLC Makes New $650,000 Investment in Snowflake Inc. $SNOW

Clear Harbor Asset Management LLC bought a new position in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, Holdings Channel.com reports. The firm bought 2,963 shares of the company’s stock, valued at approximately $650,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SNOW. Nomura Asset Management Co. Ltd. raised its stake in shares of Snowflake by 20.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 378,161 shares of the company’s stock worth $82,953,000 after buying an additional 65,043 shares in the last quarter. AXS Investments LLC boosted its stake in shares of Snowflake by 3.9% in the fourth quarter. AXS Investments LLC now owns 5,137 shares of the company’s stock valued at $1,127,000 after buying an additional 193 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Snowflake by 0.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 16,397 shares of the company’s stock valued at $3,597,000 after buying an additional 125 shares in the last quarter. Norges Bank acquired a new position in Snowflake during the fourth quarter worth $974,091,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in Snowflake in the fourth quarter worth $28,661,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled new AI and governance capabilities across Horizon Catalog, CoWork, and CoCo, reinforcing its position as a core enterprise AI platform and improving its long-term growth story.
• Positive Sentiment: Major enterprise adopters and partners, including Thomson Reuters and Sanofi, highlighted real-world use cases for Snowflake-powered AI, which supports demand visibility and validates the platform’s appeal to large customers.
• Positive Sentiment: Snowflake’s ecosystem momentum is building, with partners such as Anthropic, Redpoint, Trust3 AI, and numerous Snowflake Partner of the Year award winners showcasing expanding adoption around the Snowflake AI Data Cloud.
• Positive Sentiment: Recent analyst and media coverage has been constructive, with commentary suggesting Snowflake’s earnings beat and reaccelerating growth could support further upside after the post-earnings surge.
• Neutral Sentiment: Snowflake also drew attention for insider sales by directors, which may temper enthusiasm a bit, though the transactions were disclosed and one was tied to a pre-arranged trading plan.
• Neutral Sentiment: Some articles noted that after the recent run-up, valuation may be demanding and future gains could depend on continued execution rather than multiple expansion alone.

Snowflake Stock Performance

Shares of SNOW opened at $261.29 on Wednesday. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The stock has a market cap of $90.33 billion, a P/E ratio of -74.23 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $158.80 and a two-hundred day moving average of $190.47.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.24 EPS. The company’s revenue was up 33.5% on a year-over-year basis. As a group, research analysts predict that Snowflake Inc. will post -2.15 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. The trade was a 91.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, May 1st. The shares were sold at an average price of $141.59, for a total value of $57,060.77. Following the completion of the sale, the director directly owned 22,509 shares of the company’s stock, valued at approximately $3,187,049.31. This represents a 1.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,416,489 shares of company stock worth $310,023,119 in the last ninety days. 4.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of recent analyst reports. HSBC set a $289.00 target price on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. BTIG Research increased their price target on shares of Snowflake from $235.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein boosted their price objective on shares of Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a report on Thursday, May 28th. Finally, Benchmark upped their target price on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $284.38.

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.