Snowflake Inc. $SNOW is Gotham Asset Management LLC’s 7th Largest Position

Gotham Asset Management LLC raised its stake in Snowflake Inc. (NYSE:SNOW) by 3.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 990,125 shares of the company’s stock after buying an additional 33,586 shares during the period. Snowflake makes up about 0.8% of Gotham Asset Management LLC’s investment portfolio, making the stock its 7th biggest position. Gotham Asset Management LLC’s holdings in Snowflake were worth $217,194,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. bought a new position in Snowflake in the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the 4th quarter worth $29,000. GoalVest Advisory LLC boosted its position in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. grew its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. Finally, HHM Wealth Advisors LLC raised its holdings in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $148.21, for a total value of $7,460,594.98. Following the transaction, the director directly owned 29,396 shares of the company’s stock, valued at $4,356,781.16. This trade represents a 63.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the transaction, the director owned 8,801 shares in the company, valued at approximately $2,200,250. The trade was a 91.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,493,618 shares of company stock valued at $343,531,621. Corporate insiders own 4.80% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced that Unlimitail chose its platform to power a privacy-preserving retail media data hub across Europe and Latin America, expanding Snowflake’s footprint in retail media and highlighting demand for its data clean room and AI data cloud products. BusinessWire article
• Positive Sentiment: Analysts at Jefferies said Snowflake still looks well-positioned despite rising competition from Databricks, arguing that both firms can benefit from continued enterprise spending on data and AI infrastructure. Proactive Investors article
• Positive Sentiment: Another analyst note said Snowflake remains attractive because of its strong cash flow and relatively lower valuation versus its growth profile, supporting the stock’s investment case. Benzinga article
• Neutral Sentiment: Snowflake also said EDO is expanding its use of Snowflake Cortex AI to power ChatEDO, a sign that customers continue to build AI products on the platform. Yahoo Finance article
• Negative Sentiment: Snowflake insiders, including director Frank Slootman, SVP Vivek Raghunathan, and EVP Christian Kleinerman, sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on equity awards. While routine, insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Investor focus also remains on intensifying competition from Databricks, which may pressure Snowflake’s growth narrative even as analysts say both companies can coexist. Proactive Investors article

Snowflake Trading Down 1.7%

Shares of Snowflake stock opened at $234.24 on Thursday. The firm has a 50-day simple moving average of $178.86 and a two-hundred day simple moving average of $189.60. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The company has a market cap of $81.19 billion, a P/E ratio of -66.55 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly 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. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. As a group, equities analysts predict that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SNOW. Morgan Stanley raised their target price on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. HSBC set a $289.00 target price on Snowflake and gave the stock a “buy” rating in a research note on Friday, May 29th. Barclays raised their price target on Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. TD Cowen reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Snowflake in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald boosted their target price on shares of Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $291.77.

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.