Rathbones Group PLC Has $1.60 Million Holdings in Snowflake Inc. $SNOW

Rathbones Group PLC increased its stake in Snowflake Inc. (NYSE:SNOW) by 112.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,289 shares of the company’s stock after purchasing an additional 3,860 shares during the quarter. Rathbones Group PLC’s holdings in Snowflake were worth $1,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. boosted its stake in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares during the period. Diligent Investors LLC boosted its stake in Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares during the period. Hazlett Burt & Watson Inc. boosted its stake in Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares during the period. Wolff Wiese Magana LLC boosted its stake in Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after purchasing an additional 50 shares during the period. Finally, HHM Wealth Advisors LLC boosted its stake in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 144,650 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50. Following the transaction, the director directly owned 38,046 shares of the company’s stock, valued at $6,675,170.70. This represents a 79.18% decrease in their position. The transaction was disclosed in a legal 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, CAO Emily Ho sold 2,141 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the transaction, the chief accounting officer directly owned 44,553 shares in the company, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 428,963 shares of company stock worth $71,996,216 in the last three months. Insiders own 6.80% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and better execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 target, reflecting confidence that Snowflake’s AI platform growth can keep accelerating. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake is gaining investor attention ahead of its next earnings report, with traders looking for a catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Positive Sentiment: Recent coverage says Snowflake is expanding its AI ecosystem through partnerships and product integrations, which could support longer-term enterprise adoption and revenue growth. Snowflake Expands AI Ecosystem As Partnerships Deepen Everyday Enterprise Workflows
• Neutral Sentiment: Analysts and media have highlighted Snowflake’s strong customer growth and AI partnerships, but also pointed to heavier competition from Alphabet and Amazon. Snowflake Rides on Growing Customer Base: More Upside Ahead?
• Neutral Sentiment: Some commentary suggests the stock’s recent weakness was more of a pause after a strong run than a sign of a new company-specific problem. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a large share sale, which can weigh on sentiment even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Analysts Set New Price Targets

A number of brokerages recently weighed in on SNOW. Citizens Jmp reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Snowflake in a research note on Tuesday. Piper Sandler reduced their price objective 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. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Royal Bank Of Canada set a $245.00 price objective on shares of Snowflake in a research note on Wednesday, February 11th. Finally, DA Davidson reduced their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Snowflake Trading Up 3.9%

Snowflake stock opened at $171.98 on Friday. The firm has a 50-day moving average of $153.88 and a 200-day moving average of $193.16. Snowflake Inc. has a one year low of $118.30 and a one year high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $59.45 billion, a price-to-earnings ratio of -43.54 and a beta of 1.08.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the prior year, the business posted $0.30 EPS. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, equities analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

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.