TIAA Trust National Association Has $32.48 Million Stock Position in Snowflake Inc. $SNOW

TIAA Trust National Association reduced its position in Snowflake Inc. (NYSE:SNOW) by 6.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,080 shares of the company’s stock after selling 9,645 shares during the period. TIAA Trust National Association’s holdings in Snowflake were worth $32,483,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SNOW. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake 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 purchasing an additional 51 shares during the last quarter. HHM Wealth Advisors LLC lifted its stake in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Snowflake by 252.2% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at about $39,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This trade represents a 91.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $148.21, for a total transaction of $7,460,594.98. Following the transaction, the director directly owned 29,396 shares in the company, valued at $4,356,781.16. This represents a 63.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,586,821 shares of company stock valued at $358,786,179. 4.80% of the stock is currently owned by company insiders.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and lifted its price target to $300, saying Snowflake’s AI pitch looks increasingly compelling after investor day. Snowflake stock gets a bold AI call from Wall Street
• Positive Sentiment: Truist raised its price target to $300 from $275, signaling continued confidence in Snowflake’s growth outlook. Truist Raises Snowflake Inc. (SNOW) Price Target to $300 from $275
• Positive Sentiment: Barclays increased its price target to $285 from $272, reflecting a more constructive view even while keeping an Equal Weight rating. Barclays Lifts PT on Snowflake (SNOW) – Here’s Why
• Positive Sentiment: Benchmark reiterated a Buy rating and said Snowflake is becoming a “mission-critical AI control plane,” reinforcing the idea that AI demand could drive the next leg of growth. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Positive Sentiment: Snowflake also unveiled new AI and governance tools, including CoCo AI assistant and Horizon catalog updates, which support its push deeper into enterprise AI and security workflows. Snowflake debuts CoCo AI assistant for Slack Excel VS Code
• Neutral Sentiment: Snowflake’s director Michael L. Speiser disclosed stock sales under a pre-arranged 10b5-1 plan, which is worth noting but does not necessarily signal a change in fundamentals. Snowflake insider sale filing

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a research note on Monday. Evercore set a $200.00 target price on shares of Snowflake in a research note on Tuesday, April 14th. Royal Bank Of Canada raised their target price on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. KeyCorp set a $295.00 target price on shares of Snowflake in a research note on Thursday, May 28th. Finally, Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $291.77.

Snowflake Stock Down 0.5%

Snowflake stock opened at $239.29 on Wednesday. The stock has a market cap of $82.94 billion, a P/E ratio of -67.98 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The company’s 50-day moving average price is $168.53 and its two-hundred day moving average price is $189.91.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. 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 firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, analysts expect that Snowflake Inc. will post -1.87 EPS for the current 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.