Wakefield Asset Management LLLP Invests $823,000 in Snowflake Inc. $SNOW

Wakefield Asset Management LLLP acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,752 shares of the company’s stock, valued at approximately $823,000.

A number of other large investors also recently modified their holdings of the business. AustralianSuper Pty Ltd acquired a new position in shares of Snowflake during the 4th quarter worth about $25,374,000. Thrivent Financial for Lutherans boosted its stake in shares of Snowflake by 4,207.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 44,196 shares of the company’s stock worth $9,698,000 after buying an additional 43,170 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of Snowflake by 10.1% during the 4th quarter. New York Life Investment Management LLC now owns 4,244 shares of the company’s stock worth $931,000 after buying an additional 390 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of Snowflake by 4.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 65,590 shares of the company’s stock worth $14,388,000 after buying an additional 2,815 shares during the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd boosted its stake in shares of Snowflake by 58.8% during the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 2,461 shares of the company’s stock worth $540,000 after buying an additional 911 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director directly owned 30,236 shares of the company’s stock, valued at $5,297,044.84. This represents a 62.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the transaction, the senior vice president directly owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 384,313 shares of company stock valued at $64,308,373 in the last 90 days. Insiders own 6.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BTIG Research dropped their target price on shares of Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Piper Sandler dropped their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. TD Cowen dropped their target price on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Morgan Stanley dropped their target price on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Stock Up 4.5%

Snowflake stock opened at $157.57 on Friday. The stock has a market cap of $54.47 billion, a P/E ratio of -39.89 and a beta of 1.08. The company has a quick ratio of 1.30, a current ratio of 1.30 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 $280.67. The company’s 50-day moving average price is $155.02 and its two-hundred day moving average price is $196.74.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business’s revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 EPS. As a group, analysts expect that Snowflake Inc. will post -2.16 EPS for the current year.

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.