Blue Trust Inc. Grows Position in Snowflake Inc. $SNOW

Blue Trust Inc. grew its stake in Snowflake Inc. (NYSE:SNOW) by 54.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,015 shares of the company’s stock after acquiring an additional 2,486 shares during the quarter. Blue Trust Inc.’s holdings in Snowflake were worth $1,058,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Assetmark Inc. lifted its stake in shares of Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC grew its position 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. William Blair Investment Management LLC acquired a new position in Snowflake in the third quarter valued at $116,882,000. Swedbank AB increased its stake in Snowflake by 6.0% in the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after purchasing an additional 75,419 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in Snowflake by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after buying an additional 10,972 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 9.4%

SNOW stock opened at $248.29 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a 50 day simple moving average of $191.99 and a 200-day simple moving average of $189.19. The company has a market capitalization of $86.06 billion, a P/E ratio of -70.54 and a beta of 1.35. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 33.5% on a year-over-year basis. On average, equities research analysts predict that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SNOW shares. BTIG Research raised their price target on Snowflake from $280.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Bank of America raised their target price on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Loop Capital boosted their target price on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. DA Davidson increased their price target on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Barclays lifted their price target on shares of Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.53.

Insiders Place Their Bets

In related news, CRO Jonathan Mead Beaulier sold 9,367 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $231.98, for a total value of $2,172,956.66. Following the completion of the sale, the executive directly owned 234,791 shares of the company’s stock, valued at $54,466,816.18. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total value of $930,240.00. Following the completion of the sale, the senior vice president directly owned 258,689 shares of the company’s stock, valued at approximately $62,085,360. This represents a 1.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 1,702,704 shares of company stock worth $390,771,264. Company insiders own 4.80% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts remain constructive on Snowflake, with several firms reiterating Buy/Overweight ratings and raising price targets, reinforcing confidence in its growth outlook and AI-related demand.
• Positive Sentiment: Investor interest is rising around Snowflake’s long-term AI opportunity and its scale in cloud data management, with recent coverage citing strong free cash flow and broad enterprise relevance. GitLab vs. Snowflake: Which Technology Stock Is a Better Buy in 2026?
• Positive Sentiment: Snowflake is attracting more attention from traders and retail investors, which can support momentum when combined with strong fundamentals.
• Neutral Sentiment: Recent articles questioning whether SNOW can rebound or reach higher levels are mostly sentiment-driven and do not indicate a new fundamental catalyst.
• Negative Sentiment: Multiple insider sales, including recent transactions by executives, may weigh on sentiment even though the trades were reportedly made under pre-arranged plans for tax withholding purposes.

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.