Rathbones Group PLC Buys 18,643 Shares of Snowflake Inc. $SNOW

Rathbones Group PLC increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 255.8% during the first quarter, Holdings Channel reports. The institutional investor owned 25,932 shares of the company’s stock after purchasing an additional 18,643 shares during the quarter. Rathbones Group PLC’s holdings in Snowflake were worth $3,911,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SNOW. Assetmark Inc. boosted its stake in Snowflake by 99.1% during the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after buying an additional 98,870 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. Swedbank AB raised its stake in shares of Snowflake by 6.0% in the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after buying an additional 75,419 shares in the last quarter. Cache Advisors LLC raised its stake in shares of Snowflake by 175.0% in the 4th quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock valued at $2,442,000 after buying an additional 7,084 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Snowflake by 8.2% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after acquiring an additional 10,972 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

NYSE SNOW opened at $317.55 on Wednesday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $321.31. The company has a 50 day moving average of $256.24 and a 200-day moving average of $198.68. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market cap of $110.06 billion, a price-to-earnings ratio of -90.21 and a beta of 1.33.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, equities analysts forecast that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Mizuho lifted their target price on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Evercore set a $200.00 price target on shares of Snowflake in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Snowflake from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Bank of America lifted their price objective on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Barclays upped their price objective on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a research note on Thursday, June 4th. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $296.68.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $245.21, for a total value of $12,343,380.98. Following the transaction, the director owned 27,716 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the 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 owned 8,801 shares in the company, valued at $2,200,250. The trade was a 91.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 2,081,260 shares of company stock worth $505,874,831. 4.80% of the stock is currently owned by insiders.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI-driven rally and analyst support: Snowflake shares benefited from a broader risk-on move in AI and cloud stocks, alongside growing optimism about the company’s AI business. BTIG raised its price target from $325 to $340 and maintained a “Buy” rating, implying additional upside from recent levels. AI cloud stocks rise Analyst forecasts
• Positive Sentiment: Expanded marketplace ecosystem: Alteryx launched Alteryx One on the Snowflake Marketplace, offering governed, in-place analytics for business teams. The integration may support Snowflake’s data-cloud adoption and strengthen its position in enterprise AI and analytics. Alteryx One launches on Snowflake Marketplace
• Neutral Sentiment: Upcoming earnings event: Snowflake said it will report fiscal second-quarter 2027 financial results on September 2, giving investors a near-term catalyst to assess consumption growth, margins and AI monetization. Snowflake earnings announcement
• Negative Sentiment: Insider and institutional selling: Cathie Wood’s funds sold approximately $5.5 million to $5.7 million of Snowflake shares after the stock’s recent surge. Separately, EVP Christian Kleinerman sold 29,986 shares worth nearly $9 million under a pre-arranged Rule 10b5-1 plan. While the sales do not necessarily signal deteriorating fundamentals, they could weigh on sentiment and highlight profit-taking at elevated prices. Cathie Wood Snowflake sale Snowflake executive stock sale filing
• Negative Sentiment: Valuation concerns: Commentary remains bullish on Snowflake’s customer growth and AI push but warns that its premium valuation, margin pressure and intensifying competition leave limited room for execution disappointments. Snowflake premium valuation analysis

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.