Snowflake Inc. $SNOW Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in Snowflake Inc. (NYSE:SNOW) by 28.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,607 shares of the company’s stock after purchasing an additional 9,684 shares during the period. Pacer Advisors Inc.’s holdings in Snowflake were worth $6,577,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the fourth quarter worth about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. raised its holdings in 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. Emerald Advisers LLC lifted its stake in Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new position in shares of Snowflake during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of several recent research reports. Needham & Company LLC increased their price target on Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Snowflake from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Evercore set a $200.00 target price on Snowflake in a report on Tuesday, April 14th. HSBC set a $289.00 target price on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Finally, Wedbush lifted their price target on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $296.68.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, which is designed to govern enterprise AI agents, manage costs and strengthen security. Expanded integrations with 1Password and Aembit could help Snowflake capture more AI workloads from large businesses. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Broader partner ecosystem: Snowflake and phData expanded their collaboration to help customers migrate analytics, deploy governed AI applications and put intelligent workflows into production. Zeotap and Alteryx also launched applications on the Snowflake Marketplace, supporting platform adoption and recurring consumption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Market and analyst optimism: Snowflake has reached fresh 52-week highs amid stronger confidence in its AI business. BTIG reportedly forecasts substantial appreciation, while heavy selling of long-dated, out-of-the-money put options suggests some investors are willing to make bullish commitments. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming catalysts: Snowflake will present at investor conferences and plans to report fiscal second-quarter 2027 results on September 2. These events could provide updated commentary on AI monetization, customer demand and margins. Snowflake Investor Conferences
• Negative Sentiment: Valuation and selling pressure: Analysts warn that SNOW’s premium valuation leaves limited room for disappointment, while margin pressure and competition remain concerns. Cathie Wood’s investment firm trimmed roughly $5.5 million to $5.7 million of its position, and an executive sold shares under a pre-arranged Rule 10b5-1 plan. Snowflake Premium Valuation
• Negative Sentiment: Security overhang: A Canadian defendant pleaded guilty in connection with attacks involving the theft of data from Snowflake customer environments. While the case concerns criminal activity rather than a newly announced company incident, it may renew investor concerns about data security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks

Insider Transactions at Snowflake

In related news, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the transaction, the director owned 8,801 shares in the company, valued at $2,200,250. The trade was a 91.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 437,076 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at $9,603,951.78. This trade represents a 91.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 2,091,260 shares of company stock valued at $508,844,831. 4.80% of the stock is currently owned by corporate insiders.

Snowflake Trading Up 0.2%

NYSE:SNOW opened at $317.38 on Thursday. The firm has a market cap of $110.00 billion, a PE ratio of -90.17 and a beta of 1.33. The stock has a fifty day moving average price of $259.10 and a 200 day moving average price of $199.45. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $323.10. 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 issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. Sell-side analysts anticipate that Snowflake Inc. will post -1.84 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.