Modera Wealth Management LLC Raises Position in Snowflake Inc. $SNOW

Modera Wealth Management LLC grew its stake in Snowflake Inc. (NYSE:SNOW) by 152.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,396 shares of the company’s stock after purchasing an additional 3,862 shares during the quarter. Modera Wealth Management LLC’s holdings in Snowflake were worth $1,443,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in Snowflake in the 2nd quarter valued at $25,000. Avion Wealth grew its stake in shares of Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after acquiring an additional 49 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Snowflake in the third quarter valued at about $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake during the third quarter valued at about $28,000. Finally, Rossby Financial LCC boosted its holdings in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.7%

SNOW stock opened at $209.57 on Monday. The stock has a fifty day moving average of $227.49 and a 200-day moving average of $228.34. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a market capitalization of $71.72 billion, a price-to-earnings ratio of -51.87 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. As a group, equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on SNOW shares. Monness Crespi & Hardt increased their price objective on shares of Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Cantor Fitzgerald lifted their price target on Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Oppenheimer restated an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Macquarie raised their target price on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Finally, Scotiabank reiterated an “outperform” rating on shares of Snowflake in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $275.58.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $89,127.48. Following the sale, the director owned 24,121 shares in the company, valued at $5,334,600.36. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 618,681 shares of company stock worth $137,427,145 in the last ninety days. Insiders own 6.80% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real?time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium?term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long?term thesis, limited short?term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined?risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near?term selling pressure. SEC filing: Frank Slootman sale

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.