Westerkirk Capital Inc. Has $285,000 Position in Snowflake Inc. $SNOW

Westerkirk Capital Inc. cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 76.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,299 shares of the company’s stock after selling 4,316 shares during the quarter. Westerkirk Capital Inc.’s holdings in Snowflake were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SNOW. Brighton Jones LLC increased its holdings in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC grew its holdings in Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Snowflake in the 2nd quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Snowflake by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

Shares of SNOW stock opened at $239.29 on Wednesday. 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 twelve month low of $118.30 and a twelve month high of $284.99. The company has a market cap of $82.94 billion, a P/E ratio of -67.98 and a beta of 1.35. The business has a fifty day simple moving average of $168.53 and a 200 day simple moving average of $189.91.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $0.24 EPS. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, sell-side analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on SNOW shares. Scotiabank upped their price objective on Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a report on Monday. Barclays upped their price objective on Snowflake from $272.00 to $285.00 and gave the company an “equal weight” rating in a report on Thursday, June 4th. Weiss Ratings raised Snowflake from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. TD Cowen reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Snowflake in a report on Wednesday, June 3rd. Finally, Canaccord Genuity Group upped their price objective on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $291.77.

Insiders Place Their Bets

In related news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the sale, the director directly owned 8,801 shares in the company, valued at $2,200,250. This represents a 91.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 162,924 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $263.70, for a total value of $42,963,058.80. Following the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $10,032,730.20. This represents a 81.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,586,821 shares of company stock valued at $358,786,179 in the last quarter. Corporate insiders own 4.80% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America reiterated a Buy rating and lifted its price target to $300, saying Snowflake’s AI pitch looks increasingly compelling after investor day. Snowflake stock gets a bold AI call from Wall Street
• Positive Sentiment: Truist raised its price target to $300 from $275, signaling continued confidence in Snowflake’s growth outlook. Truist Raises Snowflake Inc. (SNOW) Price Target to $300 from $275
• Positive Sentiment: Barclays increased its price target to $285 from $272, reflecting a more constructive view even while keeping an Equal Weight rating. Barclays Lifts PT on Snowflake (SNOW) – Here’s Why
• Positive Sentiment: Benchmark reiterated a Buy rating and said Snowflake is becoming a “mission-critical AI control plane,” reinforcing the idea that AI demand could drive the next leg of growth. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Positive Sentiment: Snowflake also unveiled new AI and governance tools, including CoCo AI assistant and Horizon catalog updates, which support its push deeper into enterprise AI and security workflows. Snowflake debuts CoCo AI assistant for Slack Excel VS Code
• Neutral Sentiment: Snowflake’s director Michael L. Speiser disclosed stock sales under a pre-arranged 10b5-1 plan, which is worth noting but does not necessarily signal a change in fundamentals. Snowflake insider sale filing

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.