Syntax Research Inc. Purchases 2,976 Shares of Snowflake Inc. $SNOW

Posted by Brian Himes on Jul 2nd, 2026

Syntax Research Inc. raised its position in Snowflake Inc. (NYSE:SNOW – Free Report) by 31.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,539 shares of the company’s stock after buying an additional 2,976 shares during the period. Syntax Research Inc.’s holdings in Snowflake were worth $1,891,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC boosted its holdings in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 51 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in Snowflake during the 4th quarter worth approximately $32,000. 65.10% of the stock is owned by institutional investors.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Snowflake Price Performance

Snowflake stock opened at $260.73 on Thursday. The business’s 50-day simple moving average is $198.52 and its 200 day simple moving average is $189.68. The stock has a market cap of $90.37 billion, a price-to-earnings ratio of -74.07 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the business posted $0.24 EPS. 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 -1.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Citigroup boosted their price objective on Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft increased their target price on Snowflake from $230.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Bank of America raised their target price on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.53.

Check Out Our Latest Stock Analysis on Snowflake

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $228.45, for a total value of $598,767.45. Following the transaction, the executive vice president directly owned 400,379 shares in the company, valued at $91,466,582.55. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Frank Slootman sold 99,900 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $251.73, for a total transaction of $25,147,827.00. Following the completion of the transaction, the director directly owned 28,535 shares in the company, valued at approximately $7,183,115.55. The trade was a 77.78% 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 1,798,828 shares of company stock worth $415,351,838 over the last 90 days. Insiders own 4.80% of the company’s stock.

Snowflake Company 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.