iA Global Asset Management Inc. Buys 5,730 Shares of Snowflake Inc. $SNOW

iA Global Asset Management Inc. increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 61,600 shares of the company’s stock after acquiring an additional 5,730 shares during the period. iA Global Asset Management Inc.’s holdings in Snowflake were worth $13,513,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of Snowflake in the second quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after acquiring an additional 1,521 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SNOW shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 target price on shares of Snowflake in a research note on Monday, February 23rd. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. UBS Group dropped their price target on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, DA Davidson dropped their price target on shares of Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Snowflake Stock Up 4.5%

Snowflake stock opened at $157.57 on Friday. The stock has a market capitalization of $54.47 billion, a PE ratio of -39.89 and a beta of 1.08. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $155.02 and a 200-day moving average of $196.74.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. On average, equities research analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

Insider Buying and Selling at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the transaction, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. This represents a 66.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 384,313 shares of company stock worth $64,308,373. Company insiders own 6.80% of the company’s stock.

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.