Heritage Wealth Management Inc. CA Purchases New Stake in Snowflake Inc. $SNOW

Heritage Wealth Management Inc. CA acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,812 shares of the company’s stock, valued at approximately $5,369,000. Snowflake comprises 1.9% of Heritage Wealth Management Inc. CA’s investment portfolio, making the stock its 12th biggest position.

Other large investors have also recently added to or reduced their stakes in the company. Silicon Valley Capital Partners increased its stake in Snowflake by 15.2% during the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after purchasing an additional 8,208 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Snowflake in the 2nd quarter worth about $1,399,000. Janney Montgomery Scott LLC lifted its position in shares of Snowflake by 105.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after buying an additional 47,601 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Snowflake by 395.3% in the 1st quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock worth $17,371,000 after buying an additional 98,172 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in shares of Snowflake by 7.1% in the 1st quarter. Swiss National Bank now owns 944,600 shares of the company’s stock valued at $142,465,000 after buying an additional 62,600 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the completion of the transaction, the executive vice president directly owned 313,738 shares of the company’s stock, valued at $107,163,488.66. The trade was a 4.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of the business’s stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the transaction, the director directly owned 19,024 shares of the company’s stock, valued at $6,019,764.32. The trade was a 94.04% 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. Insiders sold a total of 1,246,429 shares of company stock worth $408,832,628 over the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $450.00 price objective (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Snowflake in a research note on Tuesday, September 8th. Benchmark raised their target price on shares of Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, August 25th. Bank of America raised their target price on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Rosenblatt Securities lifted their target price on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Thirty-six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands Snowflake’s distribution. Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure (OCI). Oracle customers will be able to purchase Snowflake using Oracle Universal Credits, with unified procurement and billing. The arrangement could reduce adoption friction, improve access to enterprise customers, and support consumption growth. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the core bullish argument. Analysts and market commentary point to rising customer adoption, Snowflake’s AI capabilities, and an upbeat fiscal 2027 outlook. Two recent earnings reports reportedly raised full-year product-revenue guidance, while some investors believe management’s outlook may prove conservative. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion adds a longer-term growth opportunity. Snowflake announced a projected $300 million investment in Saudi Arabia operations, potentially strengthening its presence with government and enterprise customers in the region. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst price targets imply additional upside, and options commentary highlights bull call spreads as a lower-risk way to gain exposure. However, these are market opinions rather than new company fundamentals. Snowflake: This Growing AI Stock Is Ripe For Bullish Exposure
• Negative Sentiment: Valuation is a significant risk. After a substantial multiyear rally, Snowflake’s share price appears to discount considerable future sales and AI growth. That raises the bar for upcoming results and leaves the stock vulnerable to profit-taking if growth or guidance disappoints. Snowflake Stock Could Be Trading at a Premium

Snowflake Stock Performance

SNOW stock opened at $339.44 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $119.75 billion, a price-to-earnings ratio of -106.74 and a beta of 1.35. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The stock’s fifty day moving average is $332.08 and its two-hundred day moving average is $238.78.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company’s quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, research analysts predict that Snowflake Inc. will post -1.42 EPS for the current year.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.