Fiera Capital Corp Has $32.66 Million Position in Snowflake Inc. $SNOW

Fiera Capital Corp grew its stake in Snowflake Inc. (NYSE:SNOW) by 33.0% during the fourth quarter, HoldingsChannel reports. The firm owned 148,896 shares of the company’s stock after buying an additional 36,979 shares during the quarter. Fiera Capital Corp’s holdings in Snowflake were worth $32,662,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. GoalVest Advisory LLC raised its holdings in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in shares of Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC increased its stake in shares of Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Snowflake by 252.2% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at $39,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark Garrett sold 100,000 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the sale, the director directly owned 8,801 shares in the company, valued at $2,200,250. This represents a 91.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $272.00, for a total value of $2,720,000.00. Following the sale, the executive vice president owned 418,494 shares in the company, valued at approximately $113,830,368. This represents a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,586,821 shares of company stock valued at $358,786,179. Corporate insiders own 4.80% of the company’s stock.

Snowflake Trading Up 0.9%

Shares of SNOW opened at $240.29 on Tuesday. 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 twelve month low of $118.30 and a twelve month high of $284.99. The stock has a market cap of $83.29 billion, a PE ratio of -68.26 and a beta of 1.35. 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 (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 prior year, the business posted $0.24 earnings per share. The company’s revenue was up 33.5% on a year-over-year basis. On average, equities analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Raymond James Financial reiterated an “outperform” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday, May 28th. Canaccord Genuity Group lifted their price target on shares of Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC lifted their price target on shares of Snowflake from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Scotiabank lifted their price target on shares of Snowflake from $285.00 to $320.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, Bank of America lifted their price target on shares of 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $291.77.

Trending Headlines about Snowflake

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

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.