Vise Technologies Inc. Increases Holdings in Snowflake Inc. $SNOW

Vise Technologies Inc. boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 88.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,616 shares of the company’s stock after purchasing an additional 3,109 shares during the period. Vise Technologies Inc.’s holdings in Snowflake were worth $1,451,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Daiwa Securities Group Inc. boosted its position in Snowflake by 0.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 54,110 shares of the company’s stock valued at $11,870,000 after acquiring an additional 300 shares in the last quarter. Sittner & Nelson LLC boosted its position in Snowflake by 3.3% during the 4th quarter. Sittner & Nelson LLC now owns 3,170 shares of the company’s stock valued at $695,000 after acquiring an additional 100 shares in the last quarter. TD Asset Management Inc boosted its position in Snowflake by 6.1% during the 4th quarter. TD Asset Management Inc now owns 145,863 shares of the company’s stock valued at $31,997,000 after acquiring an additional 8,330 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Snowflake by 6.6% during the 4th quarter. Sivia Capital Partners LLC now owns 7,119 shares of the company’s stock valued at $1,562,000 after acquiring an additional 440 shares in the last quarter. Finally, Marietta Investment Partners LLC boosted its position in Snowflake by 11.6% during the 4th quarter. Marietta Investment Partners LLC now owns 9,261 shares of the company’s stock valued at $2,031,000 after acquiring an additional 966 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SNOW shares. DA Davidson lifted their price objective on Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Sanford C. Bernstein lifted their price objective on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research report on Thursday, May 28th. Monness Crespi & Hardt lifted their price objective on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Bank of America lifted their price objective on Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $291.77.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $272.00, for a total value of $2,720,000.00. Following the transaction, the executive vice president directly owned 418,494 shares of the company’s stock, valued at approximately $113,830,368. This represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 162,924 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $263.70, for a total value of $42,963,058.80. Following the completion of the transaction, the director directly owned 38,046 shares in the company, valued at $10,032,730.20. This trade represents a 81.07% 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. In the last 90 days, insiders sold 1,586,821 shares of company stock valued at $358,786,179. 4.80% of the stock is owned by company insiders.

Snowflake Stock Performance

Shares of SNOW opened at $240.29 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business’s 50 day moving average price is $166.80 and its 200-day moving average price is $190.01. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The stock has a market cap of $83.29 billion, a P/E ratio of -68.26 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued 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 return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities research analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark reiterated a Buy rating and $270 price target, calling Snowflake a mission-critical AI control plane and reinforcing the bullish case for the stock. Benchmark Sees Snowflake (SNOW) as Mission-Critical AI Control Plane
• Positive Sentiment: Multiple articles highlighted Snowflake as one of the AI names that has gained more than 25% over the past month, suggesting sustained investor enthusiasm around AI-driven demand. 3 AI Behemoths in Focus for More Than 25% Returns in the Past Month
• Positive Sentiment: Informatica announced new Snowflake integrations aimed at improving AI trust and governance, which supports Snowflake’s ecosystem and enterprise relevance. Informatica enhances AI trust and governance with new Snowflake integrations
• Positive Sentiment: Several bullish pieces argued Snowflake could be attractive to buy now, reflecting ongoing investor interest in the company’s cloud data platform and AI growth story. Is Snowflake Inc. (SNOW) A Good Stock To Buy Now?
• Neutral Sentiment: CEO Sridhar Ramaswamy’s recent comments on pricing discipline and organizational structure are more about Snowflake’s long-term strategy than an immediate stock catalyst. Have to show value to make money: Snowflake CEO Sridhar Ramaswamys pricing advice for software companies to survive in AI era
• Negative Sentiment: Director Michael L. Speiser sold a large block of shares, which can weigh on sentiment even though the trades were made under a pre-arranged 10b5-1 plan. SEC filing for Michael L. Speiser transaction

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.