Pallas Capital Advisors LLC Sells 5,640 Shares of Snowflake Inc. $SNOW

Pallas Capital Advisors LLC cut its position in shares of Snowflake Inc. (NYSE:SNOW) by 23.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,804 shares of the company’s stock after selling 5,640 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Snowflake were worth $4,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNOW. State of New Jersey Common Pension Fund D grew its stake in shares of Snowflake by 4.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 111,339 shares of the company’s stock worth $25,113,000 after acquiring an additional 4,291 shares in the last quarter. Pursue Wealth Partners LLC acquired a new position in Snowflake during the third quarter worth $404,000. PNC Financial Services Group Inc. boosted its holdings in Snowflake by 12.9% during the third quarter. PNC Financial Services Group Inc. now owns 24,045 shares of the company’s stock worth $5,423,000 after purchasing an additional 2,742 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in Snowflake in the third quarter valued at $25,380,000. Finally, GenTrust LLC acquired a new stake in Snowflake in the 3rd quarter valued at $261,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Performance

SNOW opened at $182.37 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The business has a 50 day moving average of $208.60 and a 200-day moving average of $225.20. The stock has a market cap of $62.41 billion, a price-to-earnings ratio of -45.14 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.20 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI tie-up and new AI tools — market reacted strongly to the expanded OpenAI relationship and product announcements that position Snowflake as a platform for enterprise AI agents. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Deal frames enterprise AI agent opportunity — coverage explains how the OpenAI tie-up could accelerate adoption of AI agents on Snowflake’s data cloud. Snowflake OpenAI Deal Puts Enterprise AI Agents At Center Stage
• Positive Sentiment: Analysts reaffirm bullish view on Snowflake’s AI strategy — analyst commentary supports the market’s positive reaction and may sustain increased investor interest. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: New commercial partnership with U.S. Figure Skating — expands Snowflake’s vertical use cases (athlete performance, fan engagement) and showcases go-to-market momentum. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Notable buy by CNBC’s Amy Raskin — publicized insider/portfolio manager buying can be read as a vote of confidence. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Neutral Sentiment: Street rating remains constructive but measured — analysts give an average “Moderate Buy” rating, indicating continued conviction but not unanimous enthusiasm. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Johnson Fistel launches securities probe — law firm soliciting shareholders about potential claims could increase legal overhang and investor uncertainty. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz begins investor investigation — a second law firm action raises the risk of litigation costs and management distraction. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent share pullback noted by market commentary — short-term volatility and a recent decline vs. the market are reminders of execution and sentiment risks. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

Insider Activity at Snowflake

In related news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the transaction, the director directly owned 50,329 shares in the company, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 613,681 shares of company stock valued at $130,573,518 over the last three months. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SNOW shares. Mizuho increased their price objective on shares of Snowflake from $260.00 to $285.00 and gave the stock an “outperform” rating in a research note on Monday, November 17th. Stifel Nicolaus upped their target price on Snowflake from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Bank of America increased their price target on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, November 17th. KeyCorp boosted their price target on Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Finally, Wells Fargo & Company increased their price objective on Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $274.68.

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.