Snowflake Inc. $SNOW Position Lessened by SP Asset Management LLC

SP Asset Management LLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 15.2% in the third quarter, HoldingsChannel reports. The firm owned 15,009 shares of the company’s stock after selling 2,700 shares during the period. SP Asset Management LLC’s holdings in Snowflake were worth $3,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of SNOW. Trust Co. of Toledo NA OH acquired a new position in shares of Snowflake during the second quarter valued at approximately $25,000. Avion Wealth lifted its holdings in shares of Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after purchasing an additional 49 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake in the 3rd quarter worth about $28,000. Finally, Rossby Financial LCC raised its holdings in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

SNOW opened at $191.09 on Tuesday. The company has a fifty day moving average price of $222.31 and a two-hundred day moving average price of $227.98. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $65.39 billion, a PE ratio of -47.30 and a beta of 1.14. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $89,127.48. Following the completion of the sale, the director owned 24,121 shares of the company’s stock, valued at approximately $5,334,600.36. This trade represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 603,681 shares of company stock valued at $133,274,845 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SNOW has been the subject of several recent research reports. Evercore ISI increased their price objective on Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Canaccord Genuity Group boosted their price objective on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Snowflake in a research report on Friday, November 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.58.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Major commercial partnership: Snowflake signed a $200M multi‑year deal to integrate OpenAI models into its platform — a potential accelerator for consumption revenue if customers run models on Snowflake compute. Snowflake partners with OpenAI in $200 million AI deal
• Positive Sentiment: Product launches aimed at commercializing AI: Snowflake announced Cortex Code (AI coding agent), Semantic View Autopilot (GA) and Snowflake Postgres enhancements to make enterprise data AI‑ready — these can increase stickiness and consumption. Snowflake Unveils Cortex Code Semantic View Autopilot GA Snowflake Postgres announcement
• Positive Sentiment: Analyst support: Multiple firms reiterated buy ratings and favorable views (DA Davidson, Bank of America), highlighting upside vs. current valuation and belief in reacceleration from AI-driven consumption. DA Davidson reiterates Buy Bank of America reiterates Buy
• Neutral Sentiment: Upcoming earnings and investor events: Snowflake will report fiscal Q4 on Feb. 25 and present at a Morgan Stanley conference on March 3 — these are likely catalysts for guidance/visibility. Q4 results announcement Investor conference presentation
• Neutral Sentiment: Partnership ecosystem and go‑to‑market moves: New partner designations and regional hires (e.g., Avaap Premier Partner, EMEA lead) support execution but are not immediate revenue drivers. Avaap Premier Partner EMEA lead hire
• Negative Sentiment: Insider/executive change: A Snowflake director resigned following completion of the Observe acquisition — governance changes can raise short‑term uncertainty. Director resigns after Observe acquisition
• Negative Sentiment: Market skepticism / muted reaction: Despite headlines, the market response was subdued — investors want clear evidence the OpenAI tie‑up drives durable, margin‑accretive consumption rather than higher costs. MarketBeat analysis of muted stock reaction

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.