CenterBook Partners LP Has $3.80 Million Stock Position in Snowflake Inc. $SNOW

CenterBook Partners LP decreased its stake in Snowflake Inc. (NYSE:SNOW) by 84.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,339 shares of the company’s stock after selling 93,498 shares during the quarter. CenterBook Partners LP’s holdings in Snowflake were worth $3,803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of SNOW. GoalVest Advisory LLC boosted its position in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Physician Wealth Advisors Inc. raised its position in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. HHM Wealth Advisors LLC raised its position in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the period. Ameriflex Group Inc. raised its position in Snowflake by 252.2% during the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $37,000 after buying an additional 116 shares during the period. Finally, JPL Wealth Management LLC acquired a new position in Snowflake during the third quarter valued at $39,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark reiterated a Buy rating and $270 price target, calling Snowflake a mission-critical AI control plane and reinforcing the bullish case for the stock. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Positive Sentiment: Multiple articles highlighted Snowflake as one of the AI names that has gained more than 25% over the past month, suggesting sustained investor enthusiasm around AI-driven demand. 3 AI Behemoths in Focus for More Than 25% Returns in the Past Month
• Positive Sentiment: Informatica announced new Snowflake integrations aimed at improving AI trust and governance, which supports Snowflake’s ecosystem and enterprise relevance. Informatica enhances AI trust and governance with new Snowflake integrations
• Positive Sentiment: Several bullish pieces argued Snowflake could be attractive to buy now, reflecting ongoing investor interest in the company’s cloud data platform and AI growth story. Is Snowflake Inc. (SNOW) A Good Stock To Buy Now?
• Neutral Sentiment: CEO Sridhar Ramaswamy’s recent comments on pricing discipline and organizational structure are more about Snowflake’s long-term strategy than an immediate stock catalyst. Have to show value to make money: Snowflake CEO Sridhar Ramaswamys pricing advice for software companies to survive in AI era
• Negative Sentiment: Director Michael L. Speiser sold a large block of shares, which can weigh on sentiment even though the trades were made under a pre-arranged 10b5-1 plan. SEC filing for Michael L. Speiser transaction

Snowflake Stock Up 0.9%

SNOW opened at $240.29 on Tuesday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The business has a 50-day moving average of $166.80 and a 200-day moving average of $190.01. 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 company has a market capitalization of $83.29 billion, a PE ratio of -68.26 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $98,819.63. Following the completion of the sale, the director directly owned 22,106 shares of the company’s stock, valued at $5,420,612.26. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the sale, the director directly owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,586,821 shares of company stock valued at $358,786,179 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNOW. Wells Fargo & Company upped their price target on Snowflake from $210.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Sanford C. Bernstein upped their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. Monness Crespi & Hardt upped their price target on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings raised Snowflake from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group upped their price target on Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $291.77.

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.