Allspring Global Investments Holdings LLC Purchases 139,002 Shares of Snowflake Inc. $SNOW

Allspring Global Investments Holdings LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 36.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 522,066 shares of the company’s stock after purchasing an additional 139,002 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Snowflake were worth $113,137,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SNOW. Vanguard Group Inc. raised its position in Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Jennison Associates LLC lifted its holdings in Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after buying an additional 1,083,222 shares during the period. State Street Corp grew its position in shares of Snowflake by 1.4% in the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after buying an additional 94,293 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Snowflake by 13.0% during the second quarter. AQR Capital Management LLC now owns 3,584,128 shares of the company’s stock valued at $802,020,000 after buying an additional 412,493 shares during the period. Finally, Winslow Capital Management LLC purchased a new position in shares of Snowflake during the second quarter valued at approximately $725,667,000. 65.10% of the stock is owned by institutional investors.

Snowflake Price Performance

Shares of SNOW stock opened at $150.24 on Wednesday. The business’s fifty day moving average is $177.16 and its 200 day moving average is $216.08. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a market cap of $51.94 billion, a price-to-earnings ratio of -38.04 and a beta of 1.16. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the firm posted $0.30 earnings per share. The company’s revenue for the quarter was up 30.1% on a year-over-year basis. Research analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Internal CRO appointment signals continuity — Snowflake named long‑time veteran Jonathan Beaulier as Chief Revenue Officer, which may reassure investors about go‑to‑market continuity and execution. Read More.
• Positive Sentiment: Marketplace distribution deal — Morningstar expanded its investment data on Snowflake Marketplace, a partnership that can increase marketplace usage and sticky, data‑consumption revenue. Read More.
• Positive Sentiment: Long‑term AI narrative remains supportive — Coverage highlights Snowflake’s Cortex AI suite as a potential high‑margin growth driver by turning the platform into the place enterprises build and run AI, which could boost compute consumption over time.
• Neutral Sentiment: Analyst sentiment is generally constructive — Media pieces noting an average “Buy” recommendation may support sentiment, but they are commentary rather than new catalysts. Read More.
• Negative Sentiment: Multiple class‑action suits and law‑firm solicitations — Several firms (Pomerantz, Rosen, Bernstein Liebhard, Bronstein, Levi & Korsinsky, etc.) have filed suits or issued investor alerts alleging disclosure problems tied to a prior period; April 27 is a key lead‑plaintiff deadline. This legal overhang is a clear near‑term negative for sentiment and could increase volatility and potential liability. Read More.
• Negative Sentiment: Unexpected CRO turnover created uncertainty — Mike Gannon’s departure after only a year prompted investor concern over sales leadership stability, which likely pressured the stock. Read More.
• Negative Sentiment: Talent drain signal — A former Snowflake sales leader was hired as CRO at AtScale, a move that could be interpreted as marginal talent leakage. Read More.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares of the company’s stock, valued at $5,297,044.84. This trade represents a 62.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the sale, the executive vice president directly owned 471,351 shares in the company, valued at $103,650,084.90. The trade was a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,437 shares of company stock worth $114,140,083 in the last three months. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SNOW. JPMorgan Chase & Co. dropped their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group reduced their price objective on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Thursday, January 8th. Monness Crespi & Hardt raised their target price on shares of Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Evercore lifted their target price on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $249.62.

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.