CTC Alternative Strategies Ltd. Acquires Shares of 4,900 Snowflake Inc. $SNOW

CTC Alternative Strategies Ltd. bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,900 shares of the company’s stock, valued at approximately $739,000. Snowflake makes up about 1.7% of CTC Alternative Strategies Ltd.’s portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter valued at approximately $29,000. Physician Wealth Advisors Inc. grew its stake in Snowflake by 56.0% during the 4th 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. MV Capital Management Inc. purchased a new stake in Snowflake during the 4th quarter worth approximately $32,000. Finally, HHM Wealth Advisors LLC increased its holdings in Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, June 5th. The shares were sold at an average price of $245.21, for a total value of $12,343,380.98. Following the completion of the transaction, the director owned 27,716 shares of the company’s stock, valued at $6,796,240.36. The trade was a 64.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction on Friday, May 29th. The stock was sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This represents a 91.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,051,274 shares of company stock worth $496,879,031 over the last ninety days. 4.80% of the stock is owned by insiders.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI adoption is supporting Snowflake’s outlook. A report highlighted AI traction as a factor behind the company’s guidance boost, reinforcing the view that demand for Snowflake’s data and AI platform remains strong. Snowflake recently exceeded quarterly earnings and revenue expectations, with revenue increasing 33.5% year over year. AI Traction Fuels Snowflake’s Guidance Boost
• Positive Sentiment: New enterprise AI partnerships add validation. Cursor named Snowflake one of six Benchmark Partners, alongside AWS, NVIDIA, Databricks, BCG and McKinsey, to help enterprises scale AI software development. The partnership could expand Snowflake’s visibility and potential usage among corporate AI customers. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Some analysts remain highly bullish. Wells Fargo reportedly established an exceptionally high price target, reflecting increased confidence in Snowflake’s AI opportunity and the possibility of further growth. Wells Fargo Sees a Massive Number in Snowflake’s Future
• Neutral Sentiment: Insider selling was conducted under a preset plan. Co-founder Benoit Dageville sold or gifted 66,600 shares but reportedly retained a stake worth approximately $1.27 billion, limiting the transaction’s signal about his long-term confidence. Snowflake Co-Founder Share Transaction
• Negative Sentiment: Valuation is tempering enthusiasm. Commentators argue that Snowflake has “won” the AI debate, but its elevated valuation leaves limited room for execution mistakes. Another analysis suggested the recent rally could be running out of steam, helping explain the stock’s pullback despite favorable AI news. Snowflake Won the AI Argument, the Valuation Still Worries Me Why Snowflake Stock’s Rally May Be Running Out

Snowflake Trading Down 1.4%

NYSE:SNOW opened at $294.05 on Friday. The company has a market cap of $101.92 billion, a PE ratio of -83.54 and a beta of 1.35. The business’s 50 day moving average is $250.72 and its two-hundred day moving average is $197.36. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $304.17.

Snowflake (NYSE:SNOW) last issued 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. On average, analysts predict that Snowflake Inc. will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SNOW. Barclays increased their target price on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Bank of America lifted their price target on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. HSBC set a $289.00 price target on shares of Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Mizuho increased their price objective on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $296.27.

Snowflake Company 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.