Virtu Financial LLC Invests $1.71 Million in Snowflake Inc. $SNOW

Virtu Financial LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,778 shares of the company’s stock, valued at approximately $1,706,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Total Clarity Wealth Management Inc. increased its position in Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares in the last quarter. Diligent Investors LLC lifted its position in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after buying an additional 50 shares in the last quarter. HHM Wealth Advisors LLC grew its stake in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the period. Finally, United Asset Strategies Inc. grew its stake in Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock worth $777,000 after buying an additional 50 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures invested in Jedify, and AcuityMD launched its Encounters Data Mart on Snowflake Marketplace, both of which underscore Snowflake’s expanding role in AI-driven and industry-specific data workflows. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with Jefferies saying Snowflake and Databricks can both benefit from rising enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Coverage highlighting Snowflake as a strong generative AI/software name and noting institutional interest has added support to the stock’s momentum. Article Title
• Neutral Sentiment: Several executives sold shares under pre-arranged 10b5-1 plans, but the filings say the transactions were tied to tax withholding from equity vesting rather than a shift in outlook. Article Title
• Negative Sentiment: Investors are also weighing Snowflake’s valuation and intensifying competition from Databricks, which could temper enthusiasm if growth execution slips. Article Title

Snowflake Stock Up 0.1%

Shares of Snowflake stock opened at $232.49 on Friday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $284.99. The company has a market capitalization of $80.58 billion, a PE ratio of -66.05 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50-day moving average of $182.18 and a 200-day moving average of $189.77.

Snowflake (NYSE:SNOW) last released its quarterly 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 analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. As a group, equities analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on SNOW. KeyCorp set a $295.00 target price on shares of Snowflake in a research note on Thursday, May 28th. The Goldman Sachs Group upped their price target on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Scotiabank increased their price target on Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a report on Monday, June 8th. Mizuho increased their price target on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Sanford C. Bernstein raised their price objective on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $293.53.

Insider Activity at Snowflake

In other Snowflake news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 8,801 shares in the company, valued at $2,200,250. This represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total value of $930,240.00. Following the transaction, the senior vice president owned 258,689 shares in the company, valued at $62,085,360. This trade represents a 1.48% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,493,618 shares of company stock worth $343,531,621 over the last ninety days. Company insiders own 4.80% of the company’s stock.

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.