Newbridge Financial Services Group Inc. Purchases 4,359 Shares of Snowflake Inc. $SNOW

Newbridge Financial Services Group Inc. lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 21.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,500 shares of the company’s stock after buying an additional 4,359 shares during the period. Snowflake comprises about 0.8% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 29th largest holding. Newbridge Financial Services Group Inc.’s holdings in Snowflake were worth $5,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SNOW. Brighton Jones LLC lifted its stake in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC boosted its position in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Snowflake in the second quarter valued at approximately $639,000. Finally, Montag A & Associates Inc. raised its holdings in shares of Snowflake by 234.5% in the second quarter. Montag A & Associates Inc. now owns 291 shares of the company’s stock valued at $65,000 after purchasing an additional 204 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 2,042 shares of Snowflake stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total transaction of $372,542.48. Following the completion of the transaction, the director owned 47,558 shares in the company, valued at approximately $8,676,481.52. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $70,601.57. Following the transaction, the director directly owned 23,315 shares in the company, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 713,732 shares of company stock worth $144,510,676. Insiders own 6.80% of the company’s stock.

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

NYSE SNOW opened at $178.60 on Friday. The firm has a market capitalization of $61.12 billion, a P/E ratio of -45.22 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm’s fifty day moving average price is $189.67 and its two-hundred day moving average price is $221.18. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SNOW shares. JPMorgan Chase & Co. reduced their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Canaccord Genuity Group cut their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC reduced their price objective on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Sanford C. Bernstein decreased their price objective on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Finally, Truist Financial lowered their target price on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

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.