Westpac Banking Corp Has $3.30 Million Stock Holdings in Snowflake Inc. $SNOW

Westpac Banking Corp decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,050 shares of the company’s stock after selling 2,425 shares during the period. Westpac Banking Corp’s holdings in Snowflake were worth $3,301,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SNOW. Norges Bank acquired a new position in Snowflake during the fourth quarter worth $974,091,000. Jennison Associates LLC raised its holdings in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC acquired a new position in Snowflake during the third quarter worth $441,277,000. American Century Companies Inc. raised its holdings in Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the completion of the sale, the executive vice president owned 528,494 shares in the company, valued at approximately $125,131,524.38. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 the firm’s stock in a transaction dated 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 sale, the director owned 38,046 shares of the company’s stock, valued at $9,603,951.78. This trade 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. Over the last three months, insiders have sold 1,416,489 shares of company stock worth $310,023,119. 4.80% of the stock is currently owned by corporate insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake unveiled a broad set of new AI, governance, and interoperability features at Snowflake Summit 26, highlighting continued product momentum and deeper enterprise adoption. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise Snowflake Pioneers New Open Framework for Interoperable Enterprise Data and AI
• Positive Sentiment: Snowflake and Anthropic said their partnership is gaining momentum as enterprises adopt Claude within Snowflake Cortex AI, supporting the company’s AI monetization story. Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
• Positive Sentiment: Major enterprises including Thomson Reuters and Sanofi announced deeper use of Snowflake for governed, production-ready AI, underscoring real customer demand. Thomson Reuters Powers Trusted Enterprise AI at Scale on Snowflake Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
• Positive Sentiment: Multiple ecosystem partners launched or expanded products on Snowflake Marketplace, suggesting a growing platform effect around Snowflake’s data cloud. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
• Neutral Sentiment: Snowflake received a series of partner-of-the-year awards across services and product categories at Summit 26, which is supportive but mostly reinforces existing ecosystem strength rather than changing fundamentals immediately. NIQ Named 2026 Retail & Consumer Goods Snowflake Product Partner of the Year dbt Labs Named Snowflake Data Integration Product Partner of the Year
• Negative Sentiment: Recent insider sales by directors Frank Slootman and Mark Garrett could be seen as a modest headwind, even though the trades were disclosed and may have been pre-planned. Snowflake (NYSE:SNOW) Director Frank Slootman Sells 437,076 Shares of Stock Snowflake (NYSE:SNOW) Director Mark Garrett Sells 100,000 Shares of Stock

Snowflake Stock Performance

Shares of SNOW stock opened at $261.29 on Wednesday. Snowflake Inc. has a one year low of $118.30 and a one year high of $284.99. The firm has a 50-day moving average of $158.80 and a 200-day moving average of $190.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.30. The company has a market cap of $90.33 billion, a P/E ratio of -74.23 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 33.5% compared to the same quarter last year. Equities research analysts forecast that Snowflake Inc. will post -2.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SNOW. Benchmark upped their price objective on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Rosenblatt Securities increased their target price on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada increased their target price on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Truist Financial reiterated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Snowflake in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $284.38.

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.