Union Bancaire Privee UBP SA Boosts Stock Holdings in Snowflake Inc. $SNOW

Union Bancaire Privee UBP SA increased its stake in Snowflake Inc. (NYSE:SNOW) by 521.5% during the 1st quarter, Holdings Channel reports. The fund owned 224,795 shares of the company’s stock after purchasing an additional 188,628 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Snowflake were worth $33,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC grew its holdings in Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. acquired a new position in Snowflake in the fourth quarter valued at approximately $32,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts remain constructive on Snowflake, with several firms reiterating Buy/Overweight ratings and raising price targets, reinforcing confidence in its growth outlook and AI-related demand.
• Positive Sentiment: Investor interest is rising around Snowflake’s long-term AI opportunity and its scale in cloud data management, with recent coverage citing strong free cash flow and broad enterprise relevance. GitLab vs. Snowflake: Which Technology Stock Is a Better Buy in 2026?
• Positive Sentiment: Snowflake is attracting more attention from traders and retail investors, which can support momentum when combined with strong fundamentals.
• Neutral Sentiment: Recent articles questioning whether SNOW can rebound or reach higher levels are mostly sentiment-driven and do not indicate a new fundamental catalyst.
• Negative Sentiment: Multiple insider sales, including recent transactions by executives, may weigh on sentiment even though the trades were reportedly made under pre-arranged plans for tax withholding purposes.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 437,076 shares of the company’s stock in a transaction 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 represents a 91.99% decrease in their ownership of the stock. The sale 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, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction 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 sale, the director owned 29,396 shares in the company, valued at $4,356,781.16. The trade was a 63.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 1,702,704 shares of company stock valued at $390,771,264. Corporate insiders own 4.80% of the company’s stock.

Snowflake Stock Up 9.4%

SNOW stock opened at $248.29 on Friday. The stock has a market capitalization of $86.06 billion, a PE ratio of -70.54 and a beta of 1.35. The company has a fifty day moving average of $191.99 and a 200-day moving average of $189.19. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. As a group, analysts expect that Snowflake Inc. will post -1.87 EPS for the current year.

Wall Street Analyst Weigh In

SNOW has been the topic of several research reports. Piper Sandler raised their price objective on Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Wedbush raised their target price on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price target on shares of Snowflake in a research report on Thursday, May 28th. Wells Fargo & Company raised their price objective on shares of Snowflake from $210.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Citigroup upped their target price on shares of Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $293.53.

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.