Snowflake Inc. $SNOW Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 38.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,164,080 shares of the company’s stock after selling 4,439,222 shares during the period. Jennison Associates LLC’s holdings in Snowflake were worth $1,080,487,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Private Wealth Management LLC lifted its stake in Snowflake by 0.3% during the first quarter. Quadrant Private Wealth Management LLC now owns 59,168 shares of the company’s stock worth $8,924,000 after purchasing an additional 178 shares in the last quarter. Centennial Bank AR acquired a new stake in shares of Snowflake in the first quarter valued at $60,000. Kera Capital Partners Inc. grew its stake in shares of Snowflake by 8.2% in the first quarter. Kera Capital Partners Inc. now owns 3,105 shares of the company’s stock valued at $468,000 after buying an additional 234 shares in the last quarter. Modera Wealth Management LLC raised its holdings in shares of Snowflake by 28.5% in the 1st quarter. Modera Wealth Management LLC now owns 2,256 shares of the company’s stock valued at $340,000 after buying an additional 500 shares during the period. Finally, Angeles Wealth Management LLC raised its holdings in shares of Snowflake by 63.1% in the 1st quarter. Angeles Wealth Management LLC now owns 2,165 shares of the company’s stock valued at $327,000 after buying an additional 838 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Down 0.4%

Shares of Snowflake stock opened at $268.85 on Friday. 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 52-week low of $118.30 and a 52-week high of $284.99. The company has a market capitalization of $93.18 billion, a P/E ratio of -76.38 and a beta of 1.35. The company has a 50 day moving average of $227.43 and a 200 day moving average of $193.65.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating 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 the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 33.5% compared to the same quarter last year. As a group, research analysts forecast that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 1,860 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $232.25, for a total transaction of $431,985.00. Following the completion of the transaction, the chief accounting officer owned 41,283 shares in the company, valued at approximately $9,587,976.75. The trade was a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 2,500 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $258.56, for a total value of $646,400.00. Following the completion of the transaction, the executive vice president directly owned 397,879 shares in the company, valued at $102,875,594.24. This trade represents a 0.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,802,015 shares of company stock worth $421,739,629. 4.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several research reports. Bank of America increased their target price on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Oppenheimer boosted their price target on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Benchmark boosted their price target on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC increased their price target on shares of Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, The Goldman Sachs Group raised their price objective on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.00.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

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.