Whittier Trust Co. Acquires 8,759 Shares of Snowflake Inc. $SNOW

Whittier Trust Co. increased its holdings in Snowflake Inc. (NYSE:SNOW) by 15.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,871 shares of the company’s stock after acquiring an additional 8,759 shares during the quarter. Whittier Trust Co.’s holdings in Snowflake were worth $9,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Kemnay Advisory Services Inc. purchased a new position in Snowflake during the 4th quarter valued at $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake during the 4th quarter valued at about $29,000. GoalVest Advisory LLC boosted its stake in shares of Snowflake by 221.4% during the 4th 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. increased its position in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. Finally, MV Capital Management Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at about $32,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 1.8%

NYSE SNOW traded up $4.70 on Tuesday, hitting $266.79. 1,301,039 shares of the stock were exchanged, compared to its average volume of 7,415,969. 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 52-week low of $118.30 and a 52-week high of $284.99. The firm has a market capitalization of $92.47 billion, a P/E ratio of -75.54 and a beta of 1.35. The stock has a fifty day moving average price of $205.08 and a two-hundred day moving average price of $190.58.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion for 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 business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. Research analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Mizuho increased their price target on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. TD Cowen reiterated a “buy” rating and set a $300.00 target price on shares of Snowflake in a report on Wednesday, June 3rd. Cantor Fitzgerald increased their target price on Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Loop Capital lifted their price target on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.53.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Negative Sentiment: Multiple insiders sold shares, including Director Teresa Briggs selling 343 shares at about $255.11 and EVP Christian Kleinerman selling 2,500 shares for about $646,400. While the trades were made under pre-arranged 10b5-1 plans, insider selling can still pressure sentiment. Article Title
• Neutral Sentiment: Interactive Data, LLC said it is putting select identity data on the Snowflake Marketplace, with Cortex AI enabling natural-language analytics. This supports Snowflake’s AI/data-platform narrative and could help long-term adoption, but the immediate financial impact is not yet clear. Article Title
• Neutral Sentiment: A separate article highlighted Snowflake as one of BlackRock’s important AI holdings and pointed to the company’s expansion into Chile, reinforcing the growth story but not adding a near-term catalyst by itself. Article Title
• Neutral Sentiment: Recent earnings and analyst commentary remain supportive: Snowflake beat expectations last quarter, and several firms have raised price targets, with a consensus “Moderate Buy” view. That backdrop helps explain why the shares have stayed strong despite the insider sales. Article Title

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $141.60, for a total value of $7,127,860.80. Following the completion of the transaction, the director owned 28,556 shares in the company, valued at approximately $4,043,529.60. This represents a 63.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction dated 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 transaction, the director owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This represents a 91.99% decrease in their position. 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 ninety days, insiders sold 1,751,274 shares of company stock valued at $408,653,013. 4.80% of the stock is owned by company insiders.

Snowflake 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.