Snowflake Inc. $SNOW Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 65,704 shares of the company’s stock after acquiring an additional 5,252 shares during the period. Cullen Frost Bankers Inc.’s holdings in Snowflake were worth $14,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC purchased a new position in Snowflake in the 3rd quarter valued at about $441,277,000. American Century Companies Inc. boosted its position in Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Snowflake by 445.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,490,569 shares of the company’s stock valued at $326,971,000 after acquiring an additional 1,217,350 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the transaction, the executive vice president directly owned 510,477 shares of the company’s stock, valued at $84,233,809.77. The trade was a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the sale, the director owned 30,236 shares in the company, valued at $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 428,963 shares of company stock valued at $71,996,216. Company insiders own 6.80% of the company’s stock.

Snowflake Trading Down 1.6%

NYSE:SNOW opened at $166.81 on Thursday. The firm has a market capitalization of $57.67 billion, a P/E ratio of -42.23 and a beta of 1.08. The business has a 50 day simple moving average of $154.22 and a 200 day simple moving average of $194.08. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67.

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

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a research note on Wednesday, February 11th. Barclays cut their target price 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. Mizuho decreased their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Piper Sandler dropped their price target on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Snowflake in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and kept a Buy rating, citing steady enterprise demand and early traction in AI-driven workflow tools ahead of earnings. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed an Outperform rating and set a $325 price target, highlighting optimism around Snowflake’s long-term growth and AI platform momentum.
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data ecosystems, which could support Snowflake’s AI and enterprise adoption story. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Investors are focused on Snowflake’s May 27 earnings report, which could be a major catalyst if results or guidance surprise to the upside.
• Neutral Sentiment: Analyst roundups and comparison pieces continue to spotlight Snowflake as a leading AI software name, but they do not add a clear immediate catalyst on their own.
• Negative Sentiment: SNOW has also been hit by profit-taking and pre-earnings caution, with traders reducing exposure before the quarterly report. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: A market-wide rally also made Snowflake’s pullback more noticeable, suggesting the stock may be underperforming relative to broader tech sentiment on the day. Snowflake Inc. (SNOW) Stock Sinks As Market Gains: What You Should Know

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.