Geode Capital Management LLC Purchases 249,668 Shares of Snowflake Inc. $SNOW

Geode Capital Management LLC lifted its position in Snowflake Inc. (NYSE:SNOW) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,809,689 shares of the company’s stock after buying an additional 249,668 shares during the period. Geode Capital Management LLC’s holdings in Snowflake were worth $1,052,195,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNOW. GoalVest Advisory LLC grew 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 worth $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the last quarter. HHM Wealth Advisors LLC grew its position in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after buying an additional 50 shares during the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares during the last quarter. Finally, Ameriflex Group Inc. grew its position in shares of Snowflake by 252.2% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock worth $37,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Analysts Set New Price Targets

SNOW has been the topic of a number of analyst reports. Mizuho lifted their price objective on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Piper Sandler set a $300.00 price objective on shares of Snowflake in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Scotiabank restated an “outperform” rating on shares of Snowflake in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $284.38.

Insiders Place Their Bets

In related news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president owned 273,323 shares in the company, valued at $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing 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, EVP Christian Kleinerman sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $236.77, for a total value of $1,183,850.00. Following the completion of the sale, the executive vice president owned 528,494 shares in the company, valued at approximately $125,131,524.38. This represents a 0.94% decrease in their position. 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 have sold a total of 889,413 shares of company stock worth $176,342,125 over the last ninety days. Insiders own 4.80% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $255.94 on Friday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The firm has a market capitalization of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The stock’s 50-day simple moving average is $156.69 and its 200-day simple moving average is $190.95.

Snowflake (NYSE:SNOW) last issued 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 49.29% and a negative net margin of 23.79%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts forecast that Snowflake Inc. will post -2.16 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.