Citizens Financial Group Inc. RI Sells 26,352 Shares of Snowflake Inc. $SNOW

Citizens Financial Group Inc. RI reduced its position in Snowflake Inc. (NYSE:SNOW) by 27.9% during the fourth quarter, HoldingsChannel reports. The firm owned 67,971 shares of the company’s stock after selling 26,352 shares during the period. Citizens Financial Group Inc. RI’s holdings in Snowflake were worth $14,910,000 at the end of the most recent quarter.

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

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Major AI/product update — Snowflake rolled GPT‑5.5 into its Cortex AI stack and is positioning Cortex Intelligence and Cortex Code as enterprise-grade data+AI workflow tools; that strengthens Snowflake’s differentiation in the high‑value AI market and could boost usage and monetization over time. Snowflake (SNOW) Valuation Check As GPT 5.5 Integration Puts Its AI Platform In The Spotlight
• Positive Sentiment: Product initiative — Snowflake launched Project SnowWork (linked to its GPT integration milestone), signaling new workflow/product moves that can expand enterprise adoption and lock in customers. This is strategically bullish for long‑term revenue growth. Snowflake launches Project SnowWork alongside GPT-5.5 Pro milestone
• Positive Sentiment: Bullish analyst/blog interest — a bullish Substack thesis resurfaced, reminding investors of Snowflake’s platform leadership and long‑run TAM in data+AI; such narratives can attract longer‑horizon buyers. Is Snowflake Inc. (SNOW) A Good Stock To Buy Now?
• Neutral Sentiment: Ecosystem signals — JuliaHub’s new Agentic AI product and Series B included participation from former Snowflake CEO Bob Muglia; this highlights ecosystem innovation adjacent to Snowflake but is not a direct company catalyst. JuliaHub raises $65M Series B and launches Dyad 3.0
• Neutral Sentiment: Partner/ customer momentum — GrowthArc earned a Cortex Code preferred partner badge and Vanta cites Snowflake as a customer; both validate ecosystem adoption but are incremental near‑term positives. GrowthArc Earns Snowflake Cortex Code Preferred Partner Badge
• Negative Sentiment: Immediate market reaction — coverage noted a session decline in SNOW (shares traded down), reflecting profit‑taking after recent rallies and showing short-term weakness despite AI headlines. Snowflake Inc. (SNOW) Stock Dips While Market Gains: Key Facts
• Negative Sentiment: Technical/volume pressure — SNOW is trading below its 50‑day and 200‑day averages and volume is above average, indicating distribution and near‑term resistance to further upside until buyers reappear at current levels. (Background market/price data)

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. The Goldman Sachs Group dropped their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Sanford C. Bernstein dropped their target price on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a research report on Thursday, February 26th. KeyCorp dropped their target price on shares of Snowflake from $235.00 to $200.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Finally, Monness Crespi & Hardt boosted their target price on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $242.19.

Snowflake Stock Down 3.4%

Snowflake stock opened at $136.35 on Friday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The firm has a market capitalization of $47.14 billion, a price-to-earnings ratio of -34.52 and a beta of 1.23. The firm’s fifty day moving average price is $158.11 and its two-hundred day moving average price is $203.04. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the completion of the transaction, the executive vice president directly owned 510,477 shares in the company, valued at $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 394,313 shares of company stock valued at $67,477,780 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

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.