Whittier Trust Co. of Nevada Inc. Increases Position in Snowflake Inc. $SNOW

Whittier Trust Co. of Nevada Inc. lifted its position in Snowflake Inc. (NYSE:SNOW) by 14.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,513 shares of the company’s stock after acquiring an additional 3,393 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Snowflake were worth $4,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNOW. Whittier Trust Co. grew its stake in Snowflake by 15.1% during the 1st quarter. Whittier Trust Co. now owns 66,871 shares of the company’s stock valued at $9,989,000 after purchasing an additional 8,759 shares during the last quarter. Marietta Investment Partners LLC boosted its position in Snowflake by 67.8% in the first quarter. Marietta Investment Partners LLC now owns 15,539 shares of the company’s stock valued at $2,344,000 after buying an additional 6,278 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in Snowflake in the first quarter valued at approximately $261,000. Argus Investors Counsel Inc. purchased a new position in Snowflake during the 1st quarter worth approximately $997,000. Finally, Raleigh Capital Management Inc. raised its position in Snowflake by 47.0% during the 1st quarter. Raleigh Capital Management Inc. now owns 3,568 shares of the company’s stock worth $538,000 after buying an additional 1,140 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SNOW. KeyCorp set a $295.00 price objective on shares of Snowflake in a report on Thursday, May 28th. Royal Bank Of Canada boosted their target price on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Weiss Ratings lowered Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Finally, UBS Group reissued a “buy” rating on shares of Snowflake in a report on Monday, June 22nd. One equities research 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $293.53.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $258.56, for a total transaction of $646,400.00. Following the completion of the sale, the executive vice president directly owned 397,879 shares in the company, valued at approximately $102,875,594.24. The trade was a 0.62% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Mead Beaulier sold 9,367 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $231.98, for a total value of $2,172,956.66. Following the completion of the transaction, the executive directly owned 234,791 shares of the company’s stock, valued at approximately $54,466,816.18. This represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 1,751,274 shares of company stock valued at $408,653,013. Insiders own 4.80% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Negative Sentiment: Multiple insiders sold shares, including Director Teresa Briggs selling 343 shares at about $255.11 and EVP Christian Kleinerman selling 2,500 shares for about $646,400. While the trades were made under pre-arranged 10b5-1 plans, insider selling can still pressure sentiment. Article Title
• Neutral Sentiment: Interactive Data, LLC said it is putting select identity data on the Snowflake Marketplace, with Cortex AI enabling natural-language analytics. This supports Snowflake’s AI/data-platform narrative and could help long-term adoption, but the immediate financial impact is not yet clear. Article Title
• Neutral Sentiment: A separate article highlighted Snowflake as one of BlackRock’s important AI holdings and pointed to the company’s expansion into Chile, reinforcing the growth story but not adding a near-term catalyst by itself. Article Title
• Neutral Sentiment: Recent earnings and analyst commentary remain supportive: Snowflake beat expectations last quarter, and several firms have raised price targets, with a consensus “Moderate Buy” view. That backdrop helps explain why the shares have stayed strong despite the insider sales. Article Title

Snowflake Price Performance

Shares of NYSE SNOW traded up $4.70 during trading on Tuesday, hitting $266.79. The company had a trading volume of 1,301,039 shares, compared to its average volume of 7,415,969. The firm has a market capitalization of $92.47 billion, a price-to-earnings ratio of -75.54 and a beta of 1.35. The stock has a fifty day simple moving average of $205.08 and a two-hundred day simple moving average of $190.58. 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 fifty-two week low of $118.30 and a fifty-two week high of $284.99.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.24 EPS. Snowflake’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, research analysts expect that Snowflake Inc. will post -1.87 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.