Partners Wealth Management LLC Acquires 4,661 Shares of Snowflake Inc. $SNOW

Partners Wealth Management LLC acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, HoldingsChannel reports. The institutional investor acquired 4,661 shares of the company’s stock, valued at approximately $1,583,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNOW. OMERS ADMINISTRATION Corp raised its position in shares of Snowflake by 4,284.3% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock valued at $105,013,000 after purchasing an additional 680,397 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Snowflake by 22.2% during the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after buying an additional 544,960 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Snowflake by 76.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after buying an additional 509,230 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Snowflake by 134.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after buying an additional 453,342 shares during the period. Finally, Swedbank AB boosted its holdings in Snowflake by 24.0% in the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after buying an additional 319,356 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle integration expands distribution: Oracle is adding Snowflake’s AI Data Cloud as a native, first-party service on Oracle Cloud Infrastructure. Customers can use Oracle Universal Credits to pay for Snowflake consumption, simplifying procurement and billing and potentially improving access to Oracle’s enterprise customer base. Snowflake becomes a native AI Data Cloud service on Oracle Cloud
• Positive Sentiment: AI growth narrative remains intact: Recent coverage highlights Snowflake’s strong 2026 performance, supported by two earnings reports that raised full-year product-revenue guidance. Analysts and investors continue to view data infrastructure and AI workloads as potential long-term growth drivers. Snowflake AI growth and 2026 outlook
• Neutral Sentiment: Competitive AI debate: A public discussion between the Snowflake and Databricks CEOs underscores intense competition in AI and data platforms. The debate may increase industry attention but does not provide a clear near-term earnings catalyst. Snowflake and Databricks CEOs debate growth and AI
• Negative Sentiment: Sector weakness and valuation pressure: Technology and software stocks faced a broader pullback amid renewed concerns about AI spending, profitability and rich multiples. With Snowflake trading at a premium after a substantial run, investors may be taking profits and demanding stronger near-term results.
• Negative Sentiment: Heavy insider selling: Quiver Quantitative reported 279 insider sales and no purchases over the past six months. While some transactions may reflect scheduled selling or diversification, the absence of insider buying can reinforce caution at elevated valuation levels.

Insider Transactions at Snowflake

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $344.00, for a total transaction of $138,632.00. Following the completion of the transaction, the director directly owned 21,767 shares of the company’s stock, valued at approximately $7,487,848. This represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the transaction, the director owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This represents a 94.04% 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 ninety days, insiders sold 1,216,443 shares of company stock valued at $399,836,828. 4.80% of the stock is owned by insiders.

Snowflake Stock Performance

SNOW opened at $329.81 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $116.36 billion, a price-to-earnings ratio of -103.71 and a beta of 1.35. The company has a fifty day moving average of $332.19 and a 200 day moving average of $239.33. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BTIG Research increased their price target on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Rosenblatt Securities upped their price objective on Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Stifel Nicolaus increased their target price on Snowflake from $350.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Jefferies Financial Group set a $430.00 target price on Snowflake and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Evercore reissued an “outperform” rating and set a $430.00 target price on shares of Snowflake in a research note on Thursday, September 3rd. Thirty-six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average target price of $413.87.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.