Prescott Group Capital Management L.L.C. Acquires Shares of 10,000 Snowflake Inc. $SNOW

Prescott Group Capital Management L.L.C. acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $2,256,000.

Several other large investors also recently modified their holdings of the business. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake during the 3rd quarter valued at about $25,000. Avion Wealth grew its position in shares of Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares during the last quarter. Tripletail Wealth Management LLC purchased a new position in shares of Snowflake during the third quarter valued at approximately $28,000. Rossby Financial LCC increased its stake in shares of Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in shares of Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SNOW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Evercore raised their target price on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $300.00 target price on shares of Snowflake in a research note on Friday, January 30th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $274.68.

Snowflake Stock Down 3.4%

Shares of Snowflake stock opened at $172.67 on Friday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm has a market cap of $59.09 billion, a price-to-earnings ratio of -42.74 and a beta of 1.14. The company has a 50-day moving average of $209.54 and a 200 day moving average of $225.37. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue was up 28.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the completion of the transaction, the executive vice president owned 461,351 shares of the company’s stock, valued at $90,927,668.59. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the transaction, the senior vice president 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 SEC filing for this sale provides additional information. Insiders have sold a total of 613,681 shares of company stock worth $130,573,518 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI partnership and new AI tools announced — bolsters Snowflake’s positioning as an AI platform and drove an earlier intraday rally as investors priced in greater enterprise AI monetization potential. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Report that Snowflake expanded its AI stack via a roughly $200M OpenAI partnership underlines committed capex and strategic alignment with a top AI provider — a material catalyst for long‑term revenue mix shifting to AI services. Snowflake Expands AI Stack With $200M OpenAI Partnership
• Positive Sentiment: Analysts reaffirm bullish views on Snowflake’s AI strategy, supporting upside expectations for multi-year growth and validating management’s AI roadmap. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: Major ecosystem integrations announced — Experian integration and a RESAAS connector expand addressable market and make Snowflake more central to customers’ data stacks (more consumption opportunities). Experian Announces Integration with Snowflake’s AI Data Cloud RESAAS Announces Snowflake Integration for Enterprise Real Estate Data
• Positive Sentiment: New collaboration with U.S. Figure Skating highlights vertical adoption examples for performance analytics and fan engagement — incremental commercial proof point for Snowflake’s AI/analytics pitch. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Neutral Sentiment: Media discussion that heavy short interest in software stocks could spark short‑squeeze rallies — a possible near‑term technical upside but not a fundamental earnings driver. Software Stocks Look Primed for a Short Squeeze
• Neutral Sentiment: General roundup pieces trying to explain intraday moves and volatility in SNOW provide context but add little new fundamental information. What’s Going On With Snowflake Stock Today?
• Negative Sentiment: Pomerantz LLP investor investigation announced — potential legal overhang that can pressure the stock while the probe unfolds and could increase perceived risk. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent price pullbacks and a Zacks note highlighting a larger-than-market decline can reinforce short‑term negative momentum and investor caution. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

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.