M&T Bank Corp Has $3.78 Million Stake in Snowflake Inc. $SNOW

M&T Bank Corp grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 33.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,241 shares of the company’s stock after buying an additional 4,369 shares during the quarter. M&T Bank Corp’s holdings in Snowflake were worth $3,782,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC lifted its position in shares of Snowflake by 2.4% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 12,357 shares of the company’s stock worth $2,711,000 after buying an additional 289 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its holdings in shares of Snowflake by 1,052.2% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 111,990 shares of the company’s stock worth $24,566,000 after purchasing an additional 102,270 shares during the period. Kestra Private Wealth Services LLC raised its holdings in shares of Snowflake by 29.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 9,716 shares of the company’s stock worth $2,131,000 after purchasing an additional 2,225 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Snowflake by 9.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,797,461 shares of the company’s stock worth $394,322,000 after purchasing an additional 159,503 shares during the period. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the period. Institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: o9 integration expands Snowflake’s AI Data Cloud into operational planning and supply-chain workflows — a practical use-case that can drive higher consumption and stickier, enterprise-scale contracts. Snowflake And o9 Partnership Pulls AI Data Cloud Into Operations
• Positive Sentiment: Analyst consensus still implies significant upside (consensus fair value roughly $232.74 vs. current price), suggesting the market may be pricing in a larger margin of safety for buyers. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Neutral Sentiment: Analysts are nudging fair-value estimates down slightly (example: a trim to $232.74), reflecting a recalibration after the Q4 update — a modest reset rather than a wholesale downgrade of the long-term thesis. How The Snowflake (SNOW) Investment Narrative Is Shifting With AI Hopes And Valuation Risks
• Neutral Sentiment: Coverage pieces note SNOW is down ~35% year-to-date amid AI cost/competition worries, but also highlight durable revenue growth, rising large-spend customers and product momentum — a mixed read for investors weighing timing vs. fundamentals. Snowflake Plunges 35% Year to Date: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Sector-level narratives: some outlets argue the AI wave that hurt SaaS valuations could ultimately rescue platform names like Snowflake as adoption of AI workloads grows. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
• Negative Sentiment: Short-term price action is weak: recent session-level drops show the stock trading below several shorter moving averages as investors reprice AI-cost risk versus near-term margin expansion. Snowflake Inc. (SNOW) Stock Drops Despite Market Gains: Important Facts to Note
• Negative Sentiment: Insider selling disclosed: a director executed large sales under a 10b5-1 plan, reducing their stake materially — typically viewed as a negative signal even when prearranged. SEC Form 4: Michael L. Speiser

Insider Activity at Snowflake

In other news, 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 value of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at $41,763,754.40. This represents a 1.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 403 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $141.59, for a total value of $57,060.77. Following the completion of the transaction, the director owned 22,509 shares in the company, valued at $3,187,049.31. This represents a 1.76% decrease in their position. 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. In the last ninety days, insiders sold 435,054 shares of company stock valued at $72,691,801. Corporate insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Mizuho lowered their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. UBS Group lowered their price target on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Sanford C. Bernstein lowered their price target on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Finally, TD Cowen lowered their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Snowflake Stock Performance

SNOW stock opened at $139.45 on Thursday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $48.21 billion, a P/E ratio of -35.30 and a beta of 1.08. The company has a 50-day simple moving average of $157.14 and a 200 day simple moving average of $201.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating 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 the consensus estimate of $1.25 billion. During the same period in the prior year, the company earned $0.30 EPS. Snowflake’s revenue was up 30.1% on a year-over-year basis. Sell-side analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current fiscal 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.