3,159 Shares in Snowflake Inc. $SNOW Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,159 shares of the company’s stock, valued at approximately $713,000.

A number of other hedge funds have also recently bought and sold shares of SNOW. Glenmede Investment Management LP bought a new stake in shares of Snowflake in the third quarter valued at about $232,000. Pathstone Holdings LLC increased its stake in Snowflake by 3.0% during the third quarter. Pathstone Holdings LLC now owns 57,873 shares of the company’s stock valued at $13,053,000 after acquiring an additional 1,668 shares during the period. Avalon Global Asset Management LLC raised its holdings in Snowflake by 12.7% in the 3rd quarter. Avalon Global Asset Management LLC now owns 142,200 shares of the company’s stock valued at $32,073,000 after acquiring an additional 16,000 shares in the last quarter. Vise Technologies Inc. raised its holdings in Snowflake by 22.9% in the 3rd quarter. Vise Technologies Inc. now owns 3,507 shares of the company’s stock valued at $791,000 after acquiring an additional 653 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Snowflake by 3.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,070 shares of the company’s stock worth $467,000 after acquiring an additional 69 shares during the period. 65.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SNOW. Morgan Stanley lowered their price objective on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Wedbush reaffirmed an “outperform” rating and issued a $270.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Needham & Company LLC lowered their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, KeyCorp dropped their price objective on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 550 shares of Snowflake stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $100,342.00. Following the completion of the transaction, the executive vice president directly owned 501,835 shares of the company’s stock, valued at $91,554,777.40. This trade represents a 0.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $70,601.57. Following the completion of the transaction, the director owned 23,315 shares in the company, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 713,732 shares of company stock worth $144,510,676 in the last quarter. 6.80% of the stock is owned by corporate insiders.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $178.60 on Friday. The business’s fifty day moving average price is $189.67 and its two-hundred day moving average price is $221.18. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of -45.22 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the company posted $0.30 earnings per share. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal 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.