Garde Capital Inc. Increases Stake in Snowflake Inc. $SNOW

Garde Capital Inc. increased its holdings in Snowflake Inc. (NYSE:SNOW) by 249.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,431 shares of the company’s stock after purchasing an additional 8,875 shares during the period. Garde Capital Inc.’s holdings in Snowflake were worth $2,727,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SNOW. Brighton Jones LLC boosted its stake in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake in the 2nd quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company boosted its position in Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Headlines 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 Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were 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 directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. This trade represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was 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 directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 484,313 shares of company stock worth $81,766,598. 4.80% of the stock is owned by corporate insiders.

Snowflake Trading Up 36.5%

NYSE:SNOW opened at $239.22 on Friday. The company has a 50-day moving average price of $155.03 and a 200-day moving average price of $190.49. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67. 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 stock has a market cap of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.24 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities analysts predict that Snowflake Inc. will post -2.16 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SNOW shares. Morgan Stanley increased their price target on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday. Benchmark increased their price target on shares of Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday. Piper Sandler set a $300.00 price target on shares of Snowflake in a research report on Thursday. Stifel Nicolaus increased their price target on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Citizens Jmp reissued a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $283.74.

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.