HighTower Advisors LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,763 shares of the company’s stock after purchasing an additional 37,891 shares during the period. HighTower Advisors LLC’s holdings in Snowflake were worth $35,484,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of SNOW. Jennison Associates LLC grew its holdings in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC bought a new position in Snowflake during the third quarter valued at $441,277,000. American Century Companies Inc. grew its holdings in Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after purchasing an additional 1,473,354 shares during the period. Vanguard Group Inc. grew its holdings in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Snowflake by 445.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,490,569 shares of the company’s stock valued at $326,971,000 after purchasing an additional 1,217,350 shares during the period. 65.10% of the stock is owned by institutional investors.
Snowflake Price Performance
Snowflake stock opened at $165.57 on Friday. Snowflake Inc. has a one year low of $118.30 and a one year high of $280.67. The business has a fifty day moving average price of $154.03 and a 200-day moving average price of $193.31. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $57.24 billion, a P/E ratio of -41.92 and a beta of 1.08.
Insider Buying and Selling
In other news, Director Frank Slootman sold 144,650 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at $6,675,170.70. This trade represents a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of the sale, the senior vice president owned 273,323 shares in the company, valued at $41,763,754.40. This trade represents a 1.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 428,963 shares of company stock valued at $71,996,216 over the last three months. Insiders own 6.80% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on SNOW shares. DA Davidson reduced their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Stifel Nicolaus set a $205.00 price objective on Snowflake in a report on Thursday, February 26th. UBS Group reduced their price objective on Snowflake from $235.00 to $210.00 and set a “buy” rating for the company in a report on Tuesday, April 21st. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a report on Wednesday, February 11th. Finally, TD Cowen reduced their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $242.19.
Check Out Our Latest Analysis on SNOW
Key Stories Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Bank of America and Rosenblatt both reiterated bullish views on Snowflake (SNOW), with raised price targets that point to confidence in enterprise demand, AI product traction, and execution ahead of earnings. Article link
- Positive Sentiment: Coverage highlighted Snowflake’s expanding customer base and AI partnerships, suggesting additional upside if the company can keep converting that momentum into revenue growth. Article link
- Positive Sentiment: Investors are focused on the May 27 earnings date as a potential catalyst, with sentiment leaning constructive if Snowflake beats expectations or raises guidance. Article link
- Neutral Sentiment: Pre-earnings previews emphasize key metrics beyond revenue and EPS, indicating that investors will be watching usage trends and other operating indicators closely rather than just headline results. Article link
- Neutral Sentiment: Some commentary says recent weakness may simply reflect normal cooling after a sharp rally, not a major business setback. Article link
- Negative Sentiment: Director Frank Slootman disclosed a sale of 144,650 shares, which can weigh on sentiment even though it was executed under a pre-arranged trading plan. Article link
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.
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