Keybank National Association OH Decreases Stock Position in Snowflake Inc. $SNOW

Keybank National Association OH lessened its stake in shares of Snowflake Inc. (NYSE:SNOW) by 41.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,331 shares of the company’s stock after selling 18,935 shares during the period. Keybank National Association OH’s holdings in Snowflake were worth $5,776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNOW. Total Clarity Wealth Management Inc. boosted its stake in shares of Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares during the period. Diligent Investors LLC boosted its stake in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares during the period. Coastline Trust Co boosted its stake in shares of Snowflake by 1.0% during the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after purchasing an additional 42 shares during the period. CX Institutional boosted its stake in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares during the period. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Major AI/product update — Snowflake rolled GPT‑5.5 into its Cortex AI stack and is positioning Cortex Intelligence and Cortex Code as enterprise-grade data+AI workflow tools; that strengthens Snowflake’s differentiation in the high‑value AI market and could boost usage and monetization over time. Snowflake (SNOW) Valuation Check As GPT 5.5 Integration Puts Its AI Platform In The Spotlight
• Positive Sentiment: Product initiative — Snowflake launched Project SnowWork (linked to its GPT integration milestone), signaling new workflow/product moves that can expand enterprise adoption and lock in customers. This is strategically bullish for long‑term revenue growth. Snowflake launches Project SnowWork alongside GPT-5.5 Pro milestone
• Positive Sentiment: Bullish analyst/blog interest — a bullish Substack thesis resurfaced, reminding investors of Snowflake’s platform leadership and long‑run TAM in data+AI; such narratives can attract longer‑horizon buyers. Is Snowflake Inc. (SNOW) A Good Stock To Buy Now?
• Neutral Sentiment: Ecosystem signals — JuliaHub’s new Agentic AI product and Series B included participation from former Snowflake CEO Bob Muglia; this highlights ecosystem innovation adjacent to Snowflake but is not a direct company catalyst. JuliaHub raises $65M Series B and launches Dyad 3.0
• Neutral Sentiment: Partner/ customer momentum — GrowthArc earned a Cortex Code preferred partner badge and Vanta cites Snowflake as a customer; both validate ecosystem adoption but are incremental near‑term positives. GrowthArc Earns Snowflake Cortex Code Preferred Partner Badge
• Negative Sentiment: Immediate market reaction — coverage noted a session decline in SNOW (shares traded down), reflecting profit‑taking after recent rallies and showing short-term weakness despite AI headlines. Snowflake Inc. (SNOW) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Technical/volume pressure — SNOW is trading below its 50‑day and 200‑day averages and volume is above average, indicating distribution and near‑term resistance to further upside until buyers reappear at current levels. (Background market/price data)

Snowflake Trading Down 3.4%

Shares of NYSE SNOW opened at $136.35 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $47.14 billion, a P/E ratio of -34.52 and a beta of 1.23. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The business has a fifty day moving average price of $158.11 and a 200 day moving average price of $203.04.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS. Equities research analysts expect that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Insider Activity

In related news, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were 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 $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. Insiders sold a total of 394,313 shares of company stock worth $67,477,780 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on SNOW shares. Mizuho dropped their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. Monness Crespi & Hardt boosted their price objective on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Guggenheim restated a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a report on Wednesday, February 11th. Finally, Piper Sandler dropped their price objective on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

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.