Snowflake Inc. $SNOW Shares Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 27.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 19,504 shares of the company’s stock after purchasing an additional 4,144 shares during the period. Wesbanco Bank Inc.’s holdings in Snowflake were worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake during the fourth quarter worth $28,000. Greenline Wealth Management LLC acquired a new position in shares of Snowflake in the 4th quarter valued at about $29,000. GoalVest Advisory LLC grew its position in shares of Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new stake in Snowflake during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 1,860 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $232.25, for a total value of $431,985.00. Following the completion of the sale, the chief accounting officer owned 41,283 shares of the company’s stock, valued at $9,587,976.75. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Jonathan Mead Beaulier sold 9,367 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $231.98, for a total transaction of $2,172,956.66. Following the transaction, the executive directly owned 234,791 shares in the company, valued at approximately $54,466,816.18. The trade was a 3.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,702,704 shares of company stock valued at $390,771,264. 4.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SNOW shares. Morgan Stanley raised their target price on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. TD Cowen reiterated a “buy” rating and set a $300.00 price target on shares of Snowflake in a research report on Wednesday, June 3rd. Mizuho raised their price target on Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Wedbush boosted their price objective on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Royal Bank Of Canada upped their price objective on Snowflake from $220.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $293.53.

Key Headlines Impacting Snowflake

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.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $248.29 on Friday. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The company has a market cap of $86.06 billion, a PE ratio of -70.54 and a beta of 1.35. The stock has a 50 day simple moving average of $191.99 and a 200-day simple moving average of $189.19. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18.

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

Snowflake 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.