Snowflake Inc. $SNOW Position Trimmed by SteelPeak Wealth LLC

SteelPeak Wealth LLC lowered its stake in Snowflake Inc. (NYSE:SNOW) by 45.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 4,239 shares of the company’s stock after selling 3,513 shares during the period. SteelPeak Wealth LLC’s holdings in Snowflake were worth $639,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SNOW. Kemnay Advisory Services Inc. acquired a new position in shares of Snowflake in the 4th quarter worth $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake in the fourth quarter worth $29,000. GoalVest Advisory LLC grew its stake in Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. grew 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 in the last quarter. Finally, MV Capital Management Inc. purchased a new position in Snowflake during the fourth quarter valued at approximately $32,000. 65.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. DA Davidson upped their price objective on shares of Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. KeyCorp boosted their price target on shares of Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday. Oppenheimer upped their target price on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Piper Sandler lifted their target price on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.00.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

Snowflake Stock Performance

Shares of NYSE SNOW opened at $268.85 on Friday. The business’s 50-day simple moving average is $227.43 and its 200-day simple moving average is $193.65. 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 52 week low of $118.30 and a 52 week high of $284.99. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.24 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities research analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Snowflake news, Director Michael L. Speiser sold 840 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $257.91, for a total transaction of $216,644.40. Following the completion of the transaction, the director owned 26,876 shares of the company’s stock, valued at $6,931,589.16. The trade was a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $258.56, for a total transaction of $646,400.00. Following the sale, the executive vice president owned 397,879 shares of the company’s stock, valued at $102,875,594.24. This trade represents a 0.62% 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. Insiders sold 1,802,015 shares of company stock valued at $421,739,629 in the last three months. Company insiders own 4.80% of the company’s stock.

About Snowflake

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.