Financiere des Professionnels Fonds d investissement inc. Buys Shares of 13,119 Snowflake Inc. $SNOW

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 13,119 shares of the company’s stock, valued at approximately $1,979,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNOW. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new position in Snowflake in the fourth quarter worth approximately $29,000. GoalVest Advisory LLC increased its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC raised its position in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Down 0.4%

Shares of NYSE SNOW opened at $268.85 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average is $227.43 and its two-hundred day moving average is $193.65. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $284.99. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35.

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. 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 analyst estimates of $1.32 billion. During the same period last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 33.5% on a year-over-year basis. Research analysts predict that Snowflake Inc. will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen reaffirmed a “buy” rating and issued a $300.00 price target on shares of Snowflake in a research note on Wednesday, June 3rd. KeyCorp raised their price objective on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore set a $200.00 price objective on shares of Snowflake in a report on Tuesday, April 14th. Cantor Fitzgerald boosted their price objective on shares of Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Finally, Rosenblatt Securities upped their target price on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $296.00.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at $9,603,951.78. The trade was a 91.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $141.60, for a total transaction of $7,127,860.80. Following the sale, the director owned 28,556 shares in the company, valued at $4,043,529.60. This trade represents a 63.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,802,015 shares of company stock valued at $421,739,629. Corporate insiders own 4.80% of the company’s stock.

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.