CreativeOne Wealth LLC Acquires 4,463 Shares of Snowflake Inc. $SNOW

CreativeOne Wealth LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 98.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,974 shares of the company’s stock after buying an additional 4,463 shares during the quarter. CreativeOne Wealth LLC’s holdings in Snowflake were worth $2,024,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SNOW. Norges Bank bought a new stake in Snowflake during the 2nd quarter worth $944,895,000. Winslow Capital Management LLC bought a new position in shares of Snowflake during the second quarter worth about $725,667,000. American Century Companies Inc. lifted its stake in shares of Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after acquiring an additional 1,473,354 shares during the period. Sei Investments Co. boosted its holdings in Snowflake by 272.4% in the second quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after acquiring an additional 1,165,515 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SNOW. Macquarie Infrastructure raised their price target on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Morgan Stanley reduced their price objective on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. JPMorgan Chase & Co. decreased their price objective on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Piper Sandler lowered their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. 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 report 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 given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Insider Activity at Snowflake

In related news, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the transaction, the executive vice president directly owned 471,351 shares in the company, valued at approximately $103,650,084.90. This trade represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 711,140 shares of company stock worth $144,037,791 over the last three months. 6.80% of the stock is currently owned by company insiders.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Snowflake Stock Performance

NYSE:SNOW opened at $182.63 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a fifty day moving average of $193.01 and a 200-day moving average of $222.05. The firm has a market capitalization of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17.

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

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.