Chevy Chase Trust Holdings LLC Has $79.29 Million Stock Position in Snowflake Inc. $SNOW

Chevy Chase Trust Holdings LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 5.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 351,555 shares of the company’s stock after acquiring an additional 16,989 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Snowflake were worth $79,293,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake in the third quarter worth $28,000. SJS Investment Consulting Inc. lifted its position in Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the period. Root Financial Partners LLC acquired a new stake in Snowflake during the third quarter worth $34,000. Finally, First Horizon Corp acquired a new stake in Snowflake during the third quarter worth $35,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SNOW shares. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, January 21st. UBS Group decreased their target price on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Robert W. Baird upped their target price on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. The Goldman Sachs Group dropped their price target on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, Needham & Company LLC cut their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Insider Activity

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the sale, the director directly owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. The trade was a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 713,732 shares of company stock valued at $144,510,676. Company insiders own 6.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Snowflake Stock Up 0.8%

Shares of NYSE SNOW opened at $178.60 on Friday. The stock has a market cap of $61.12 billion, a PE ratio of -45.22 and a beta of 1.16. The business has a fifty day moving average of $189.67 and a two-hundred day moving average of $221.37. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The firm’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Snowflake Company 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.