Whittier Trust Co. of Nevada Inc. Buys 23,599 Shares of Snowflake Inc. $SNOW

Whittier Trust Co. of Nevada Inc. lifted its stake in Snowflake Inc. (NYSE:SNOW) by 4,529.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,120 shares of the company’s stock after acquiring an additional 23,599 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Snowflake were worth $5,657,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Grey Fox Wealth Advisors LLC bought a new position in Snowflake during the third quarter worth about $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake during the third quarter worth about $28,000. SJS Investment Consulting Inc. lifted its stake in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Finally, HHM Wealth Advisors LLC lifted its stake in Snowflake by 50.0% during the fourth 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. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE SNOW opened at $143.96 on Friday. The firm has a market cap of $49.77 billion, a price-to-earnings ratio of -36.45 and a beta of 1.23. The company has a 50 day moving average of $164.10 and a 200-day moving average of $208.91. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SNOW. Sanford C. Bernstein cut their price target on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. TD Cowen cut their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Morgan Stanley cut their price target on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Finally, Piper Sandler cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.86.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s push into observability (Observe) is being framed as a strategic extension of its AI/data platform that could deepen customer spend and product stickiness — a growth argument investors like. Can SNOW’s Expansion Into Observability Strengthen the Growth Thesis?
• Positive Sentiment: Risk-on market flows and sector momentum helped lift Snowflake alongside other software names, providing near-term upward pressure on the stock. Autodesk, BILL, and Snowflake Shares Are Soaring, What You Need To Know
• Neutral Sentiment: Media/analyst pieces (Zacks) show heightened retail interest and debate over buy/hold timing — increased attention can raise volume but is not a clear directional catalyst by itself. Is Trending Stock Snowflake Inc. (SNOW) a Buy Now?
• Negative Sentiment: Multiple law firms have announced a securities class action and investor notices covering purchases from June 27, 2023 to Feb 28, 2024, with an April 27, 2026 lead-plaintiff deadline — increased litigation risk can pressure the stock via potential damages, management distraction, and legal costs. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: KeyBanc trimmed its price target (to $200) and flagged competitive pressure from emerging AI-native rivals — an analyst downgrade or target cut can cap upside and increase volatility. KeyBanc Trims Snowflake’s Target to $200 as AI-Native Rivals Circle
• Negative Sentiment: Short-interest/short-slate commentary comparing Snowflake to peers (Autodesk) has surfaced, reminding investors that bearish/short narratives could amplify downside on weak news. Autodesk vs Snowflake: Which Is the Better Short Candidate Right Now?

Insider Activity at Snowflake

In other news, CAO Emily Ho sold 2,141 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 594,313 shares of company stock valued at $108,831,780. Insiders own 6.80% 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.