USS Investment Management Ltd Purchases 3,169 Shares of Snowflake Inc. $SNOW

USS Investment Management Ltd lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,876 shares of the company’s stock after purchasing an additional 3,169 shares during the period. USS Investment Management Ltd’s holdings in Snowflake were worth $8,725,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake in the fourth quarter worth $29,000. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the period. Physician Wealth Advisors Inc. boosted its holdings in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. Finally, MV Capital Management Inc. bought a new stake in Snowflake in the fourth quarter valued at $32,000. 65.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on SNOW shares. The Goldman Sachs Group upped their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Sanford C. Bernstein boosted their price target on shares of Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. Cantor Fitzgerald increased their price target on shares of Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Loop Capital raised their price objective on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley lifted their price objective on Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $293.53.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
• Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
• Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
• Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
• Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
• Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
• Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Insider Activity

In other news, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the transaction, the director owned 38,046 shares of the company’s stock, valued at $9,603,951.78. The trade was a 91.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the transaction, the director owned 8,801 shares in the company, valued at approximately $2,200,250. This represents a 91.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,798,828 shares of company stock worth $415,351,838 over the last three months. 4.80% of the stock is currently owned by corporate insiders.

Snowflake Trading Up 2.4%

NYSE:SNOW opened at $260.73 on Thursday. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50-day simple moving average is $198.52 and its 200 day simple moving average is $189.68. The firm has a market capitalization of $90.37 billion, a P/E ratio of -74.07 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business’s revenue was up 33.5% compared to the same quarter last year. As a group, analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

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.