William Blair Investment Management LLC Purchases 828,789 Shares of Snowflake Inc. $SNOW

William Blair Investment Management LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 159.9% during the fourth quarter, HoldingsChannel reports. The fund owned 1,346,998 shares of the company’s stock after acquiring an additional 828,789 shares during the quarter. Snowflake accounts for approximately 0.8% of William Blair Investment Management LLC’s investment portfolio, making the stock its 17th largest holding. William Blair Investment Management LLC’s holdings in Snowflake were worth $295,477,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares during the last quarter. Jennison Associates LLC increased its position in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. American Century Companies Inc. increased its position in Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after acquiring an additional 1,473,354 shares during the last quarter. Northern Trust Corp increased its position in Snowflake by 2.7% during the third quarter. Northern Trust Corp now owns 2,089,150 shares of the company’s stock valued at $471,208,000 after acquiring an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC purchased a new stake in shares of Snowflake during the third quarter valued at $441,277,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, Director Frank Slootman sold 144,650 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the sale, the director directly owned 38,046 shares of the company’s stock, valued at $6,675,170.70. This represents a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was 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 directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 428,963 shares of company stock valued at $71,996,216 over the last quarter. 6.80% of the stock is owned by company insiders.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and better execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 target, reflecting confidence that Snowflake’s AI platform growth can keep accelerating. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake is gaining investor attention ahead of its next earnings report, with traders looking for a catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Positive Sentiment: Recent coverage says Snowflake is expanding its AI ecosystem through partnerships and product integrations, which could support longer-term enterprise adoption and revenue growth. Snowflake Expands AI Ecosystem As Partnerships Deepen Everyday Enterprise Workflows
• Neutral Sentiment: Analysts and media have highlighted Snowflake’s strong customer growth and AI partnerships, but also pointed to heavier competition from Alphabet and Amazon. Snowflake Rides on Growing Customer Base: More Upside Ahead?
• Neutral Sentiment: Some commentary suggests the stock’s recent weakness was more of a pause after a strong run than a sign of a new company-specific problem. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a large share sale, which can weigh on sentiment even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SNOW shares. Sanford C. Bernstein lowered their target price 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. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Scotiabank lowered their target price on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research note on Thursday, February 26th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $275.00 target price on shares of Snowflake in a research note on Thursday. One equities 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 one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $242.19.

Snowflake Stock Up 3.9%

Shares of SNOW opened at $171.98 on Friday. The firm has a market capitalization of $59.45 billion, a P/E ratio of -43.54 and a beta of 1.08. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a fifty day moving average price of $153.88 and a 200-day moving average price of $193.16.

Snowflake (NYSE:SNOW) last released 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. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. Equities research analysts expect that Snowflake Inc. will post -2.16 earnings per share 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.