Westpac Banking Corp Buys 5,085 Shares of Snowflake Inc. $SNOW

Westpac Banking Corp increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 41.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,475 shares of the company’s stock after buying an additional 5,085 shares during the quarter. Westpac Banking Corp’s holdings in Snowflake were worth $3,941,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth $25,000. Tripletail Wealth Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth approximately $28,000. Rossby Financial LCC increased its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 127 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after purchasing an additional 121 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company beat revenue expectations and reported accelerating AI adoption; management flagged AI as a growth driver and forecasts fiscal‑2027 product revenue above Wall Street estimates, supporting forward revenue visibility. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: Quarterly revenue grew ~30% year‑over‑year and remaining performance obligations (RPO) rose materially, signaling contracted demand and multi‑period visibility tied to AI projects — a metric investors have been watching for sustainable AI monetization. Snowflake Revenue Rises As AI Adoption Accelerates
• Positive Sentiment: Some headline metrics beat consensus (revenue slightly above estimates; Zacks notes key metrics versus estimates), which supports the bullish narrative that Snowflake’s platform is benefiting from enterprise AI spend. Snowflake (SNOW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Neutral Sentiment: Company released the earnings call transcript and slide deck for deeper detail — useful for verifying non‑GAAP vs GAAP differences and management commentary on AI monetization and RPO. Snowflake Inc. (SNOW) Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts and forecasters revised expectations into the print; some price‑target updates and research notes preceded earnings, so watch post‑report analyst reactions for further directional guidance. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4 Earnings
• Negative Sentiment: GAAP EPS missed badly (wide loss per share) despite revenue beats — the large GAAP loss and deterioration in operating result/diluted EPS were cited in market coverage and prompted some intraday selling pressure. Snowflake Inc. (SNOW) stock falls on Q4 2026 Earnings
• Negative Sentiment: Multiple law firms have filed/investigated securities class actions tied to prior disclosures and performance, adding legal overhang and potential future costs or distraction for management. SNOW DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline
• Negative Sentiment: Insider selling and recent analyst downgrades were noted in the market, which can pressure sentiment even as top‑line growth remains healthy. Snowflake’s stock dips as the software company gives a mixed outlook

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Bank of America raised their price target on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Morgan Stanley set a $270.00 price objective on shares of Snowflake in a research note on Thursday, February 19th. Citigroup lowered their price target on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, Macquarie Infrastructure boosted their price objective on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $260.16.

Snowflake Stock Up 5.4%

Shares of NYSE:SNOW opened at $169.74 on Thursday. The firm has a market cap of $58.09 billion, a P/E ratio of -42.02 and a beta of 1.14. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The business has a fifty day simple moving average of $201.01 and a 200 day simple moving average of $223.09. 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 (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. The firm’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Activity

In other news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $8,316,844.36. Following the completion of the transaction, the director directly owned 31,076 shares of the company’s stock, valued at approximately $5,134,376.72. This trade represents a 61.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the sale, the director owned 50,329 shares in the company, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is owned by corporate insiders.

Snowflake 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.