Vise Technologies Inc. Grows Stock Position in Snowflake Inc. $SNOW

Vise Technologies Inc. boosted its position in Snowflake Inc. (NYSE:SNOW) by 88.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,616 shares of the company’s stock after buying an additional 3,109 shares during the quarter. Vise Technologies Inc.’s holdings in Snowflake were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of SNOW. Daiwa Securities Group Inc. boosted its stake in Snowflake by 0.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 54,110 shares of the company’s stock valued at $11,870,000 after buying an additional 300 shares during the period. Sittner & Nelson LLC boosted its stake in Snowflake by 3.3% during the fourth quarter. Sittner & Nelson LLC now owns 3,170 shares of the company’s stock valued at $695,000 after buying an additional 100 shares during the period. TD Asset Management Inc boosted its stake in Snowflake by 6.1% during the fourth quarter. TD Asset Management Inc now owns 145,863 shares of the company’s stock valued at $31,997,000 after buying an additional 8,330 shares during the period. Sivia Capital Partners LLC boosted its stake in Snowflake by 6.6% during the fourth quarter. Sivia Capital Partners LLC now owns 7,119 shares of the company’s stock valued at $1,562,000 after buying an additional 440 shares during the period. Finally, Marietta Investment Partners LLC boosted its stake in Snowflake by 11.6% during the fourth quarter. Marietta Investment Partners LLC now owns 9,261 shares of the company’s stock valued at $2,031,000 after buying an additional 966 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In related news, Director Mark Garrett sold 100,000 shares of the business’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director owned 8,801 shares in the company, valued at $2,200,250. The trade was a 91.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction dated 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 owned 29,396 shares in the company, valued at approximately $4,356,781.16. This represents a 63.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,586,821 shares of company stock worth $358,786,179. Company insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Benchmark lifted their price objective on Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Oppenheimer lifted their price objective on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Evercore set a $200.00 price objective on Snowflake in a research note on Tuesday, April 14th. Mizuho lifted their price objective on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada lifted their price objective on Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $291.77.

Snowflake Stock Up 0.9%

SNOW opened at $240.29 on Tuesday. The company has a market cap of $83.29 billion, a P/E ratio of -68.26 and a beta of 1.35. The business’s 50-day moving average price is $166.80 and its 200-day moving average price is $190.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. On average, equities analysts expect that Snowflake Inc. will post -1.87 EPS for the current year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark reiterated a Buy rating and $270 price target, calling Snowflake a mission-critical AI control plane and reinforcing the bullish case for the stock. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Positive Sentiment: Multiple articles highlighted Snowflake as one of the AI names that has gained more than 25% over the past month, suggesting sustained investor enthusiasm around AI-driven demand. 3 AI Behemoths in Focus for More Than 25% Returns in the Past Month
• Positive Sentiment: Informatica announced new Snowflake integrations aimed at improving AI trust and governance, which supports Snowflake’s ecosystem and enterprise relevance. Informatica enhances AI trust and governance with new Snowflake integrations
• Positive Sentiment: Several bullish pieces argued Snowflake could be attractive to buy now, reflecting ongoing investor interest in the company’s cloud data platform and AI growth story. Is Snowflake Inc. (SNOW) A Good Stock To Buy Now?
• Neutral Sentiment: CEO Sridhar Ramaswamy’s recent comments on pricing discipline and organizational structure are more about Snowflake’s long-term strategy than an immediate stock catalyst. Have to show value to make money: Snowflake CEO Sridhar Ramaswamys pricing advice for software companies to survive in AI era
• Negative Sentiment: Director Michael L. Speiser sold a large block of shares, which can weigh on sentiment even though the trades were made under a pre-arranged 10b5-1 plan. SEC filing for Michael L. Speiser transaction

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.