Snowflake Inc. $SNOW Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 39.2% in the 4th quarter, Holdings Channel reports. The fund owned 363,999 shares of the company’s stock after buying an additional 102,534 shares during the period. Rockefeller Capital Management L.P.’s holdings in Snowflake were worth $79,847,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new stake in Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake in the 4th quarter worth about $29,000. GoalVest Advisory LLC grew its position in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Up 0.1%

Shares of NYSE:SNOW opened at $232.49 on Friday. The company has a 50 day moving average of $182.18 and a 200-day moving average of $189.77. The firm has a market cap of $80.58 billion, a P/E ratio of -66.05 and a beta of 1.35. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm posted $0.24 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. As a group, analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures invested in Jedify, and AcuityMD launched its Encounters Data Mart on Snowflake Marketplace, both of which underscore Snowflake’s expanding role in AI-driven and industry-specific data workflows. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with Jefferies saying Snowflake and Databricks can both benefit from rising enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Coverage highlighting Snowflake as a strong generative AI/software name and noting institutional interest has added support to the stock’s momentum. Article Title
• Neutral Sentiment: Several executives sold shares under pre-arranged 10b5-1 plans, but the filings say the transactions were tied to tax withholding from equity vesting rather than a shift in outlook. Article Title
• Negative Sentiment: Investors are also weighing Snowflake’s valuation and intensifying competition from Databricks, which could temper enthusiasm if growth execution slips. Article Title

Insider Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total value of $930,240.00. Following the sale, the senior vice president owned 258,689 shares of the company’s stock, valued at approximately $62,085,360. The trade was a 1.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $245.21, for a total value of $98,819.63. Following the completion of the sale, the director directly owned 22,106 shares in the company, valued at $5,420,612.26. This represents a 1.79% 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 a total of 1,493,618 shares of company stock valued at $343,531,621 over the last three months. 4.80% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Morgan Stanley lifted their price target on Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Piper Sandler increased their price objective on Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Stifel Nicolaus raised their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Truist Financial lifted their target price on Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Finally, HSBC set a $289.00 price target on Snowflake and gave the stock a “buy” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.53.

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.