Cadent Capital Advisors LLC Takes $1.37 Million Position in Snowflake Inc. $SNOW

Cadent Capital Advisors LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,086 shares of the company’s stock, valued at approximately $1,373,000.

Other hedge funds have also modified their holdings of the company. Kingstone Capital Partners Texas LLC acquired a new position in Snowflake during the second quarter worth approximately $3,900,134,000. Norges Bank purchased a new stake in shares of Snowflake during the 2nd quarter valued at $944,895,000. Winslow Capital Management LLC acquired a new stake in shares of Snowflake during the 2nd quarter worth $725,667,000. AQR Capital Management LLC raised its position in shares of Snowflake by 346.2% in the 1st quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company’s stock worth $456,430,000 after buying an additional 2,460,769 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Snowflake by 20.5% in the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock worth $1,790,309,000 after buying an additional 1,363,389 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $257.30, for a total transaction of $12,951,967.40. Following the completion of the sale, the director directly owned 33,596 shares in the company, valued at $8,644,250.80. This trade represents a 59.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $223.22, for a total value of $2,634,219.22. Following the sale, the senior vice president directly owned 241,854 shares in the company, valued at approximately $53,986,649.88. The trade was a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 423,681 shares of company stock valued at $98,164,051. Corporate insiders own 6.80% of the company’s stock.

Snowflake Trading Down 1.5%

SNOW opened at $221.63 on Thursday. The firm has a market capitalization of $75.84 billion, a P/E ratio of -54.86 and a beta of 1.09. The firm’s 50 day moving average is $246.61 and its 200-day moving average is $228.10. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on SNOW. Wells Fargo & Company upped their price target on Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Barclays increased their target price on shares of Snowflake from $219.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $237.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $275.32.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is reportedly in talks to buy app‑monitoring startup Observe for about $1 billion to broaden its AI and observability stack — a deal that would accelerate Snowflake’s ability to capture AI‑driven workloads and strengthen platform stickiness. Read More.
• Positive Sentiment: Multiple outlets report the same Observe acquisition talks, underscoring market attention to Snowflake’s M&A push to sharpen its AI edge. Read More.
• Positive Sentiment: AI is already a major revenue driver — reports say AI accounts for ~50% of bookings and Snowflake hit an early $100M AI run‑rate, supporting upside to usage‑based revenue as customers run larger AI workloads. Read More.
• Neutral Sentiment: Sell‑side coverage remains mostly positive but varied: many Buy/Outperform ratings and elevated price targets, creating supportive long‑term narrative though near‑term targets differ.
• Neutral Sentiment: Market commentary and price‑forecast pieces note recent volatility (monthly declines after YTD gains); useful for context but not new fundamentals. Read More.
• Negative Sentiment: Large insider sale: Director Frank Slootman disclosed selling 200,000 shares (~$44M), a material reduction that can create short‑term selling pressure or investor concern despite possible personal/liquidity reasons. Read More.
• Negative Sentiment: Other insider sales: EVP Christian Kleinerman and CAO Emily Ho sold smaller tranches (disclosed filings), adding to perception of insider distribution this week. Read More. • Read More.

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.