Frank Rimerman Advisors LLC Grows Holdings in Snowflake Inc. $SNOW

Frank Rimerman Advisors LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 97.4% in the fourth quarter, HoldingsChannel reports. The fund owned 8,863 shares of the company’s stock after acquiring an additional 4,373 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Snowflake were worth $1,944,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SNOW. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after buying an additional 8,002 shares during the last quarter. Federated Hermes Inc. boosted its position in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after acquiring an additional 48,411 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at about $116,882,000. Penserra Capital Management LLC grew its stake in Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after acquiring an additional 37,911 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after acquiring an additional 857,832 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Emily Ho sold 2,141 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $173.97, for a total value of $372,469.77. Following the transaction, the chief accounting officer owned 44,553 shares of the company’s stock, valued at $7,750,885.41. This represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the transaction, the executive vice president owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This represents a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 600,437 shares of company stock worth $114,140,083 over the last ninety days. Company insiders own 6.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on SNOW. Morgan Stanley lowered their target price on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a report on Wednesday, February 11th. DA Davidson lowered their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Sanford C. Bernstein dropped their target price on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of Snowflake in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.62.

Snowflake News Roundup

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.

Snowflake Stock Down 2.2%

Shares of NYSE SNOW opened at $150.24 on Wednesday. The company has a market capitalization of $51.94 billion, a P/E ratio of -38.04 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The company has a 50 day simple moving average of $177.16 and a 200-day simple moving average of $216.08. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

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

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.