M&T Bank Corp Has $3.78 Million Position in Snowflake Inc. $SNOW

M&T Bank Corp increased its position in Snowflake Inc. (NYSE:SNOW) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,241 shares of the company’s stock after buying an additional 4,369 shares during the period. M&T Bank Corp’s holdings in Snowflake were worth $3,782,000 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 the company. Vanguard Group Inc. increased its holdings in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Jennison Associates LLC increased 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 worth $2,048,871,000 after buying an additional 1,083,222 shares during the last quarter. American Century Companies Inc. increased its holdings in 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 buying an additional 1,473,354 shares during the last quarter. Northern Trust Corp increased its holdings in Snowflake by 2.7% in the third quarter. Northern Trust Corp now owns 2,089,150 shares of the company’s stock worth $471,208,000 after buying an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC acquired a new position in Snowflake during the third quarter valued at approximately $441,277,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: o9 integration expands Snowflake’s AI Data Cloud into operational planning and supply-chain workflows — a practical use-case that can drive higher consumption and stickier, enterprise-scale contracts. Snowflake And o9 Partnership Pulls AI Data Cloud Into Operations
• Positive Sentiment: Analyst consensus still implies significant upside (consensus fair value roughly $232.74 vs. current price), suggesting the market may be pricing in a larger margin of safety for buyers. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Neutral Sentiment: Analysts are nudging fair-value estimates down slightly (example: a trim to $232.74), reflecting a recalibration after the Q4 update — a modest reset rather than a wholesale downgrade of the long-term thesis. How The Snowflake (SNOW) Investment Narrative Is Shifting With AI Hopes And Valuation Risks
• Neutral Sentiment: Coverage pieces note SNOW is down ~35% year-to-date amid AI cost/competition worries, but also highlight durable revenue growth, rising large-spend customers and product momentum — a mixed read for investors weighing timing vs. fundamentals. Snowflake Plunges 35% Year to Date: Buy, Sell or Hold the Stock?
• Neutral Sentiment: Sector-level narratives: some outlets argue the AI wave that hurt SaaS valuations could ultimately rescue platform names like Snowflake as adoption of AI workloads grows. The Same AI Wave Crushing SaaS Stocks May Be About to Rescue These 3 Names
• Negative Sentiment: Short-term price action is weak: recent session-level drops show the stock trading below several shorter moving averages as investors reprice AI-cost risk versus near-term margin expansion. Snowflake Inc. (SNOW) Stock Drops Despite Market Gains: Important Facts to Note
• Negative Sentiment: Insider selling disclosed: a director executed large sales under a 10b5-1 plan, reducing their stake materially — typically viewed as a negative signal even when prearranged. SEC Form 4: Michael L. Speiser

Snowflake Trading Down 1.6%

Shares of Snowflake stock opened at $139.45 on Thursday. The company has a market cap of $48.21 billion, a price-to-earnings ratio of -35.30 and a beta of 1.08. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The company’s fifty day simple moving average is $157.14 and its 200-day simple moving average is $201.05. 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 issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $0.30 earnings per share. As a group, sell-side analysts expect that Snowflake Inc. will post -2.16 EPS for the current year.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the transaction, the executive vice president owned 510,477 shares of the company’s stock, valued at $84,233,809.77. This trade represents a 1.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 435,054 shares of company stock valued at $72,691,801 in the last ninety days. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on SNOW shares. TD Cowen lowered their price target on Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Sanford C. Bernstein lowered their price target on Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. The Goldman Sachs Group lowered their price target on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Mizuho lowered their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

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.