Northwestern Mutual Wealth Management Co. Acquires 7,928 Shares of Snowflake Inc. $SNOW

Northwestern Mutual Wealth Management Co. lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 14.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,753 shares of the company’s stock after purchasing an additional 7,928 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Snowflake were worth $13,985,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. 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 acquired a new stake in shares of Snowflake during the third quarter worth $441,277,000. American Century Companies Inc. boosted its stake in Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after purchasing an additional 1,473,354 shares during the period. Vanguard Group Inc. boosted its stake in Snowflake by 5.1% in the 4th 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 during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Snowflake by 445.6% during the 4th 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. 65.10% of the stock is owned by institutional investors.

Snowflake Price Performance

Shares of SNOW opened at $281.14 on Tuesday. The company has a market cap of $97.19 billion, a price-to-earnings ratio of -79.87 and a beta of 1.35. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $284.99. The company’s fifty day simple moving average is $158.80 and its 200 day simple moving average is $190.47. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, research analysts forecast that Snowflake Inc. will post -2.2 earnings per share for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s latest quarter was described as its best in years, with accelerating growth and improved profitability signaling that the business is re-accelerating after concerns about slowing demand. Snowflake’s Best Quarter In Years: One Product Made It Happen
• Positive Sentiment: Analysts and media commentary highlighted Snowflake’s position in AI, with Jim Cramer saying the company understands the transition to AI and expects the post-earnings rally to continue. Jim Cramer Notes “Snowflake Understands the Transition to AI” Jim Cramer Expects Snowflake’s Post-Quarter Rally to “Roll On”
• Positive Sentiment: Snowflake announced new ecosystem activity, including Redpoint’s Identity Studio on the Snowflake Marketplace and Trust3 AI’s integration to govern MCP-based data access, reinforcing Snowflake’s role in enterprise AI infrastructure. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
• Positive Sentiment: Investor sentiment toward software stocks improved broadly as AI fears faded, which is helping lift Snowflake alongside peers. 5 Software Stocks That Could Keep Soaring as AI Disruption Fears Fade
• Neutral Sentiment: Snowflake also drew attention after reports of a large AWS infrastructure agreement and acquisition activity tied to AI governance, which may strengthen its long-term moat but is still being evaluated by investors. Snowflake signs $6bn infrastructure agreement with AWS Snowflake Buys Natoma To Govern The Agents Acting On Its Data
• Negative Sentiment: Some coverage cautioned that after the sharp rally, upside may be more limited from here, and a stock sale by former CEO Frank Slootman could be viewed as a mild overhang. Should You Buy Snowflake Stock After Its Recent Surge? The Answer Might Surprise You. Frank Slootman Sells 400,000 Shares of Snowflake (NYSE:SNOW) Stock

Insider Activity

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $141.59, for a total value of $57,060.77. Following the sale, the director owned 22,509 shares in the company, valued at $3,187,049.31. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the sale, the director directly owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. The trade was a 91.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,416,489 shares of company stock valued at $310,023,119. Company insiders own 4.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on SNOW shares. Barclays boosted their price target on Snowflake from $192.00 to $272.00 and gave the company an “equal weight” rating in a report on Thursday. UBS Group lifted their target price on Snowflake from $210.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday. Scotiabank restated an “outperform” rating on shares of Snowflake in a research note on Thursday. Royal Bank Of Canada raised their price target on shares of Snowflake from $220.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wedbush lifted their price objective on shares of Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $284.38.

About Snowflake

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.