WD Rutherford LLC lifted its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 21.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,610 shares of the company’s stock after acquiring an additional 3,330 shares during the period. Snowflake accounts for about 1.7% of WD Rutherford LLC’s investment portfolio, making the stock its 26th largest position. WD Rutherford LLC’s holdings in Snowflake were worth $4,082,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in SNOW. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake in the 3rd quarter valued at approximately $25,000. GoalVest Advisory LLC raised its stake in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Snowflake in the 3rd quarter valued at approximately $34,000. 65.10% of the stock is owned by institutional investors.
Snowflake News Summary
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
Snowflake Stock Performance
Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.Snowflake’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. Sell-side analysts forecast that Snowflake Inc. will post -2.16 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on SNOW. UBS Group cut their price objective on Snowflake from $235.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company dropped their price target on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Mizuho dropped their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Barclays dropped their price target on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Finally, Evercore set a $200.00 price target on Snowflake in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $242.19.
Read Our Latest Report on SNOW
Insider Buying and Selling at Snowflake
In related news, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at $41,763,754.40. The trade was a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 11,299 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total value of $1,980,149.75. Following the completion of the sale, the director directly owned 38,046 shares in the company, valued at approximately $6,667,561.50. This represents a 22.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 384,313 shares of company stock valued at $64,308,373 in the last quarter. 6.80% of the stock is currently owned by corporate insiders.
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.
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