Concord Investment Counsel Inc. Purchases Shares of 12,702 Snowflake Inc. $SNOW

Posted by Brenda Bartman on May 29th, 2026

Concord Investment Counsel Inc. purchased a new stake in Snowflake Inc. (NYSE:SNOW – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,702 shares of the company’s stock, valued at approximately $2,786,000. Snowflake makes up approximately 0.9% of Concord Investment Counsel Inc.’s portfolio, making the stock its 26th largest holding.

A number of other institutional investors have also recently bought and sold shares of SNOW. Jennison Associates LLC lifted its stake in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. Coatue Management LLC bought a new position in Snowflake in the third quarter valued at approximately $441,277,000. American Century Companies Inc. lifted its stake in Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Snowflake by 445.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,490,569 shares of the company’s stock worth $326,971,000 after purchasing an additional 1,217,350 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $239.22 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average price is $155.03 and its two-hundred day moving average price is $190.49. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The firm has a market capitalization of $82.70 billion, a P/E ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping 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 49.29%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, research analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Insider Activity

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the sale, the director directly owned 22,509 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 484,313 shares of company stock valued at $81,766,598. 4.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SNOW. JPMorgan Chase & Co. boosted their price objective on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday. Citizens Jmp reissued a “market outperform” rating and issued a $325.00 price objective on shares of Snowflake in a research report on Tuesday, May 19th. Evercore set a $200.00 price objective on shares of Snowflake in a research report on Tuesday, April 14th. Oppenheimer boosted their price objective on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wells Fargo & Company boosted their price objective on shares of Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.74.

Read Our Latest Report on Snowflake

Snowflake Profile

(Free Report)

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.