Principal Financial Group Inc. Increases Stake in Snowflake Inc. $SNOW

Principal Financial Group Inc. lifted its position in Snowflake Inc. (NYSE:SNOW) by 81.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 14,802 shares of the company’s stock after buying an additional 6,650 shares during the period. Principal Financial Group Inc.’s holdings in Snowflake were worth $2,232,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SNOW. HHM Wealth Advisors LLC increased its position in Snowflake by 50.0% during 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 during the period. United Asset Strategies Inc. boosted its stake in shares of Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in Snowflake by 4.7% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,312 shares of the company’s stock valued at $288,000 after buying an additional 59 shares during the period. Finally, Great Valley Advisor Group Inc. raised its stake in Snowflake by 4.4% in the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock worth $316,000 after buying an additional 60 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

NYSE SNOW opened at $298.05 on Friday. The firm’s fifty day simple moving average is $248.27 and its two-hundred day simple moving average is $196.68. 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 Inc. has a 12-month low of $118.30 and a 12-month high of $298.23. The firm has a market capitalization of $103.31 billion, a P/E ratio of -84.67 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Analysts forecast that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wells Fargo raised its valuation outlook substantially. The firm reportedly sees an $500 price target, implying significant additional upside, and argues that concerns about AI disrupting software have been overdone. The bullish call is helping reinforce the market’s renewed optimism toward Snowflake’s growth prospects. Wells Fargo sees a massive number in Snowflake’s future
• Positive Sentiment: Snowflake joined Cursor’s Benchmark Partners program alongside AWS, Databricks, McKinsey, BCG and NVIDIA. The partnership is intended to help enterprises deploy and scale AI-powered software development, potentially increasing Snowflake’s visibility and usage in enterprise AI workloads. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Snowflake launched an AI-agent governance layer designed to monitor agent activity, improve security and control costs. The product addresses key barriers to enterprise AI adoption and supports the company’s broader push into governance, security and data management. Snowflake launches AI agent governance layer
• Positive Sentiment: Analysts highlighted Snowflake’s deepening enterprise AI push and approximately 30% product-revenue growth guidance as potential catalysts for further gains. The stock’s recent advance and new high suggest investors are rewarding evidence that AI may expand, rather than undermine, demand for Snowflake’s platform. Snowflake’s Enterprise AI Push Deepens
• Neutral Sentiment: NTT DATA and Snowflake cautioned that identity controls alone will not secure enterprise AI agents. The discussion underscores the need for broader governance and monitoring tools—an opportunity for Snowflake, although it also highlights the complexity and execution challenges of the emerging market. NTT DATA AIVista and Snowflake
• Negative Sentiment: Insider selling remains a counterpoint. Directors Benoit Dageville and Frank Slootman sold sizeable blocks of SNOW shares, including approximately $18.4 million and $2.8 million transactions. The sales were disclosed as planned transactions, but they may raise valuation and insider-confidence concerns after the stock’s sharp recovery. Snowflake Director Benoit Dageville Sells Stock

Insider Buying and Selling

In related news, Director Frank Slootman sold 437,076 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the transaction, the director directly owned 38,046 shares of the company’s stock, valued at $9,603,951.78. This represents a 91.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $245.21, for a total value of $12,343,380.98. Following the completion of the sale, the director owned 27,716 shares of the company’s stock, valued at approximately $6,796,240.36. This trade represents a 64.49% 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. Insiders have sold a total of 2,051,274 shares of company stock worth $496,879,031 in the last ninety days. 4.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of analyst reports. Bank of America upped their target price on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Wedbush boosted their price target on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. KeyCorp raised their price objective on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Snowflake in a research note on Wednesday. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $296.27.

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.