Snowflake Inc. $SNOW Shares Purchased by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in Snowflake Inc. (NYSE:SNOW) by 11.9% during the third quarter, HoldingsChannel reports. The firm owned 60,452 shares of the company’s stock after purchasing an additional 6,446 shares during the period. Cullen Frost Bankers Inc.’s holdings in Snowflake were worth $13,635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new position in shares of Snowflake in the second quarter worth about $25,000. Avion Wealth grew its stake in Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake in the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake in the 3rd quarter worth approximately $28,000. Finally, Rossby Financial LCC lifted its stake in Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the completion of the sale, the executive vice president directly owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director owned 50,329 shares in the company, valued at $11,164,482.07. This represents a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 618,681 shares of company stock valued at $137,427,145. Corporate insiders own 6.80% of the company’s stock.

Key Stories Impacting Snowflake

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

Analysts Set New Price Targets

Several research firms recently commented on SNOW. Monness Crespi & Hardt increased their price target on Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Raymond James Financial set a $250.00 target price on Snowflake in a report on Monday, December 15th. Rosenblatt Securities boosted their price target on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Scotiabank reissued an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Finally, Oppenheimer restated an “outperform” rating on shares of Snowflake in a research report on Friday, November 21st. Two research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Stock Down 0.7%

Shares of SNOW opened at $209.57 on Monday. The company’s 50-day moving average price is $227.49 and its 200 day moving average price is $228.34. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $71.72 billion, a P/E ratio of -51.87 and a beta of 1.14.

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

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.