OP Asset Management Ltd Purchases Shares of 38,962 Snowflake Inc. $SNOW

OP Asset Management Ltd acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,962 shares of the company’s stock, valued at approximately $5,876,000.

A number of other large investors have also recently made changes to their positions in the business. Kemnay Advisory Services Inc. bought a new stake in Snowflake during the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $29,000. GoalVest Advisory LLC boosted its position in shares of Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of 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 last quarter. Finally, MV Capital Management Inc. bought a new stake in Snowflake during the fourth quarter worth $32,000. 65.10% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SNOW shares. Mizuho raised their price objective on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 target price on shares of Snowflake in a report on Thursday, May 28th. TD Cowen reissued a “buy” rating and set a $300.00 price target on shares of Snowflake in a research report on Wednesday, June 3rd. Oppenheimer boosted their price target on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Sanford C. Bernstein increased their price objective on shares of Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $293.53.

Snowflake Stock Up 0.6%

Snowflake stock opened at $227.32 on Friday. The firm has a 50 day moving average price of $189.91 and a 200-day moving average price of $188.77. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a market capitalization of $78.79 billion, a P/E ratio of -64.58 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. Snowflake’s revenue was up 33.5% on a year-over-year basis. As a group, equities analysts predict that Snowflake Inc. will post -1.89 EPS for the current year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Market commentary continues to highlight Snowflake’s AI momentum, with a Forbes piece arguing that “agentic AI” is helping rewrite the playbook for Snowflake and peers, which can reinforce bullish trading in the name. Article Title
• Positive Sentiment: Snowflake is expanding its footprint in Bellevue’s Spring District, a sign of continued operational investment and growth expectations. Article Title
• Positive Sentiment: Analyst and media coverage remains constructive overall, with multiple notes suggesting Snowflake’s AI/data platform narrative is still drawing buyers after a strong rebound in the share price. Article Title
• Neutral Sentiment: OneTrust was recognized as a Leader in Snowflake’s Modern Marketing Data Stack report, which supports Snowflake’s partner ecosystem and platform relevance, but is not a direct financial update. Article Title
• Negative Sentiment: EVP Christian Kleinerman sold 2,621 shares, extending a recent pattern of insider selling. The sale was pre-planned and tied to tax withholding, but insider transactions can still pressure sentiment. Article Title

Insiders Place Their Bets

In other Snowflake news, CRO Jonathan Mead Beaulier sold 9,367 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $231.98, for a total value of $2,172,956.66. Following the sale, the executive directly owned 234,791 shares in the company, valued at $54,466,816.18. The trade was a 3.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $224.27, for a total value of $44,854,000.00. Following the transaction, the director directly owned 28,535 shares in the company, valued at $6,399,544.45. This represents a 87.51% 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. Over the last ninety days, insiders sold 1,700,844 shares of company stock valued at $390,339,279. Company insiders own 4.80% of the company’s stock.

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.