Whittier Trust Co. Buys 57,779 Shares of Snowflake Inc. $SNOW

Whittier Trust Co. increased its holdings in Snowflake Inc. (NYSE:SNOW) by 17,351.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,112 shares of the company’s stock after acquiring an additional 57,779 shares during the period. Whittier Trust Co.’s holdings in Snowflake were worth $13,629,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Private Trust Co. NA grew its holdings in Snowflake by 124.1% during the fourth quarter. Private Trust Co. NA now owns 540 shares of the company’s stock valued at $118,000 after purchasing an additional 299 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Snowflake by 35.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 108,067 shares of the company’s stock worth $23,706,000 after buying an additional 28,090 shares in the last quarter. Parcion Private Wealth LLC raised its position in shares of Snowflake by 12.1% in the fourth quarter. Parcion Private Wealth LLC now owns 3,288 shares of the company’s stock worth $721,000 after buying an additional 354 shares in the last quarter. CWM LLC raised its position in shares of Snowflake by 1.9% in the fourth quarter. CWM LLC now owns 249,886 shares of the company’s stock worth $54,815,000 after buying an additional 4,623 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Snowflake by 513.5% in the fourth quarter. KBC Group NV now owns 395,031 shares of the company’s stock worth $86,653,000 after buying an additional 330,639 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Morgan Stanley lowered their price target on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Sanford C. Bernstein cut their target price on Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research note on Thursday, February 26th. Mizuho cut their target price on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. Citigroup cut their price objective on Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $242.86.

Snowflake Price Performance

Shares of NYSE SNOW opened at $143.71 on Friday. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67. The firm has a market cap of $49.68 billion, a P/E ratio of -36.38 and a beta of 1.23. The company has a 50 day moving average of $164.59 and a 200 day moving average of $209.48. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion into observability could deepen Snowflake’s AI and data platform reach, improving stickiness and opening new enterprise workloads that can drive long‑term revenue growth. Can SNOW’s Expansion Into Observability Strengthen the Growth Thesis?
• Positive Sentiment: Third‑party healthcare AI apps launching natively on Snowflake Marketplace illustrate a shift toward Snowflake as an execution layer for regulated, high‑value vertical workloads — a potential new revenue vector and marketplace monetization opportunity. Is Snowflake Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Positive Sentiment: Short‑term market momentum lifted shares amid a broader “risk‑on” session tied to geopolitical developments, showing how macro moves can temporarily boost SNOW despite company‑specific headlines. Autodesk, BILL, and Snowflake Shares Are Soaring, What You Need To Know
• Neutral Sentiment: KeyBanc trimmed its price target to $200 from $235 but left an Overweight rating — a reminder that while analysts remain constructive, competition from AI‑native rivals is prompting more cautious modeling. KeyBanc Trims Snowflake’s Target to $200 as AI-Native Rivals Circle
• Negative Sentiment: Numerous law firms have announced a securities class‑action and are soliciting lead‑plaintiff candidates for the period June 27, 2023–Feb 28, 2024, with an April 27 deadline — this creates legal, financial and execution risks that can weigh on sentiment and valuation until resolved. SNOW DEADLINE: ROSEN, LEADING TRIAL ATTORNEYS
• Negative Sentiment: Coverage noting Snowflake as a potential short candidate and commentary about a “performance gap” amplify bearish narratives that could pressure sentiment if execution or growth disappoints. Autodesk vs Snowflake: Which Is the Better Short Candidate Right Now?

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21. Following the completion of the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at $90,699,314.94. The trade was a 0.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frank Slootman sold 11,299 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the sale, the director directly owned 38,046 shares of the company’s stock, valued at approximately $6,667,561.50. The trade was a 22.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 in the last 90 days. Insiders own 6.80% of the company’s stock.

Snowflake 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.