TD Asset Management Inc Has $32 Million Holdings in Snowflake Inc. $SNOW

TD Asset Management Inc raised its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 6.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 145,863 shares of the company’s stock after buying an additional 8,330 shares during the quarter. TD Asset Management Inc’s holdings in Snowflake were worth $31,997,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. GoalVest Advisory LLC lifted its holdings in shares of Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the last quarter. HHM Wealth Advisors LLC lifted its holdings in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in shares of Snowflake by 252.2% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $37,000 after buying an additional 116 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in shares of Snowflake during the third quarter worth approximately $39,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Truist raised its price target on Snowflake to $300 and kept a buy rating, signaling continued analyst confidence in upside for SNOW.
• Positive Sentiment: Jefferies said Snowflake’s AI monetization opportunity is gaining traction and reiterated its buy rating with a $300 target.
• Positive Sentiment: Snowflake’s Summit 26 introduced new AI product upgrades and partnerships, reinforcing the company’s growth narrative in enterprise AI.
• Neutral Sentiment: Coverage comparing Snowflake with peers like MongoDB adds visibility, but it is more relevant to long-term positioning than near-term earnings impact.
• Negative Sentiment: Analysts and market commentary continue to flag margin pressure, competition, and a premium valuation as risks that could limit further upside.
• Negative Sentiment: Recent insider selling by Frank Slootman and Christian Kleinerman may create some overhang on sentiment despite being part of pre-planned trading activity.

Insider Buying and Selling

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the sale, the director directly owned 8,801 shares in the company, valued at $2,200,250. This represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on 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 sale, the director owned 22,509 shares in the company, valued at $3,187,049.31. This trade represents a 1.76% 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. Over the last ninety days, insiders have sold 1,538,672 shares of company stock valued at $346,816,863. 4.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SNOW shares. Rosenblatt Securities upped their price target on Snowflake from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. TD Cowen restated a “buy” rating and issued a $300.00 target price on shares of Snowflake in a research note on Wednesday. Loop Capital upped their target price on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Oppenheimer upped their target price on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $290.87.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $238.12 on Friday. The business has a fifty day simple moving average of $165.25 and a 200 day simple moving average of $190.55. The company has a current ratio of 1.05, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $82.32 billion, a price-to-earnings ratio of -67.65 and a beta of 1.35. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99.

Snowflake (NYSE:SNOW) last announced 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 return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business posted $0.24 earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. Sell-side analysts expect that Snowflake Inc. will post -1.87 EPS for the current year.

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.