Snowflake Inc. $SNOW Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. decreased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 36.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,860 shares of the company’s stock after selling 22,740 shares during the period. iA Global Asset Management Inc.’s holdings in Snowflake were worth $5,861,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Diligent Investors LLC raised its stake in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares in the last quarter. Wolff Wiese Magana LLC lifted its holdings in Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after buying an additional 50 shares during the last quarter. HHM Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 50 shares in the last quarter. United Asset Strategies Inc. grew its position in shares of Snowflake by 1.4% in the 4th quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock worth $777,000 after acquiring an additional 50 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its holdings 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 during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
• Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
• Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
• Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
• Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
• Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
• Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Snowflake Price Performance

Shares of SNOW opened at $260.73 on Thursday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $198.52 and a 200 day moving average price of $189.68. The company has a market cap of $90.37 billion, a P/E ratio of -74.07 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, research analysts forecast that Snowflake Inc. will post -1.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. HSBC set a $289.00 price target on Snowflake and gave the company a “buy” rating in a research report on Friday, May 29th. TD Cowen reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Snowflake in a report on Wednesday, June 3rd. Raymond James Financial reiterated an “outperform” rating and set a $275.00 target price on shares of Snowflake in a research note on Thursday, May 28th. Scotiabank increased their target price on shares of Snowflake from $285.00 to $320.00 and gave the stock a “sector outperform” rating in a report on Monday, June 8th. Finally, Loop Capital raised their price target on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One 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’s stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $293.53.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $228.45, for a total transaction of $598,767.45. Following the completion of the transaction, the executive vice president directly owned 400,379 shares of the company’s stock, valued at $91,466,582.55. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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. Also, Director Frank Slootman sold 99,900 shares of the company’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $251.73, for a total transaction of $25,147,827.00. Following the completion of the transaction, the director owned 28,535 shares of the company’s stock, valued at approximately $7,183,115.55. This trade represents a 77.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,798,828 shares of company stock worth $415,351,838 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

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.