Foundations Investment Advisors LLC Takes $474,000 Position in Snowflake Inc. $SNOW

Foundations Investment Advisors LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,161 shares of the company’s stock, valued at approximately $474,000.

Several other institutional investors also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. increased its stake in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC boosted its position in shares of Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its holdings in Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after purchasing an additional 49 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after purchasing an additional 50 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $141.59, for a total value of $57,060.77. Following the transaction, the director owned 22,509 shares in the company, valued at approximately $3,187,049.31. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 5,000 shares of Snowflake stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the completion of the sale, the executive vice president owned 528,494 shares of the company’s stock, valued at $125,131,524.38. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,416,489 shares of company stock worth $310,023,119. 4.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SNOW has been the topic of several recent analyst reports. The Goldman Sachs Group increased their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. KeyCorp set a $295.00 price target on Snowflake in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Wedbush increased their target price on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald raised their price objective on Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $284.38.

Key Headlines Impacting Snowflake

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 Price Performance

NYSE:SNOW opened at $261.29 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $284.99. The firm has a market cap of $90.33 billion, a P/E ratio of -74.23 and a beta of 1.35. The business’s 50-day moving average price is $158.80 and its 200 day moving average price is $190.47.

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

About Snowflake

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.