Hsbc Holdings PLC Sells 19,150 Shares of Snowflake Inc. $SNOW

Hsbc Holdings PLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,923 shares of the company’s stock after selling 19,150 shares during the period. Hsbc Holdings PLC’s holdings in Snowflake were worth $43,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake in the fourth quarter valued at $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the fourth quarter valued at $29,000. GoalVest Advisory LLC lifted its position in Snowflake by 221.4% during the fourth 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 position in Snowflake by 56.0% during the fourth 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. Finally, MV Capital Management Inc. purchased a new position in shares of Snowflake in the 4th quarter worth $32,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Truist reiterated a Buy rating and raised its price target on Snowflake to $300 from $275, citing constructive customer feedback after Snowflake Summit 2026. This is a notable signal that analysts still see room for upside. Truist Remains Bullish on Snowflake Inc. (SNOW)
• Positive Sentiment: Snowflake’s fifth annual Modern Marketing Data Stack report spotlighted a broad partner ecosystem, with multiple companies named “Leader” or “One to Watch.” That reinforces Snowflake’s role as a key platform for governed data activation and AI-driven marketing. Snowplow Recognized as Leader in Snowflake’s Modern Marketing Data Stack Report for Third Consecutive Year
• Positive Sentiment: Snowflake expanded its partnership with Marketplacer to bring AI automation and marketplace intelligence to enterprise commerce, adding another sign of growing demand for Snowflake’s AI and data-cloud capabilities. Snowflake (SNOW) Expands Marketplacer Tie Up As AI Partner Recognition Grows
• Neutral Sentiment: Several partners, including RudderStack, Hightouch, Sigma, Amperity, Iterable, Acxiom, Tealium, Adstra, Verato, Ketch, Denodo, Piano, and others, announced Snowflake recognition at Cannes Lions. These headlines are mostly ecosystem/branding updates and may not have a direct near-term earnings impact. Hightouch Recognized as a Leader in Snowflake’s Modern Marketing Data Stack Report for Activation and Delivery
• Negative Sentiment: Director Frank Slootman sold 200,000 shares of Snowflake stock in a pre-arranged transaction worth about $44.9 million. Although the sale was under a 10b5-1 plan, insider selling can still weigh on sentiment. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $44,854,000.00 in Stock

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. The Goldman Sachs Group increased their price target on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Sanford C. Bernstein lifted their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. Oppenheimer boosted their price objective on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Cantor Fitzgerald raised their price objective on Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned 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.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $293.53.

Snowflake Trading Up 1.7%

Shares of SNOW opened at $230.53 on Wednesday. The company’s fifty day simple moving average is $186.25 and its 200-day simple moving average is $188.85. The company has a market cap of $79.90 billion, a P/E ratio of -65.49 and a beta of 1.35. 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 Inc. has a twelve month low of $118.30 and a twelve month high of $284.99.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 EPS. As a group, analysts expect that Snowflake Inc. will post -1.87 EPS for the current year.

Insider Buying and Selling

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 2,986 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total value of $716,640.00. Following the transaction, the executive vice president owned 405,652 shares of the company’s stock, valued at $97,356,480. This trade represents a 0.73% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,688,856 shares of company stock worth $387,567,555 over the last three months. 4.80% of the stock is currently owned by company insiders.

Snowflake 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.