Black Swift Group LLC Sells 12,910 Shares of Snowflake Inc. $SNOW

Black Swift Group LLC lowered its position in shares of Snowflake Inc. (NYSE:SNOW) by 78.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,635 shares of the company’s stock after selling 12,910 shares during the quarter. Black Swift Group LLC’s holdings in Snowflake were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in SNOW. Brighton Jones LLC increased its stake in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC increased its stake in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Flow Traders U.S. LLC bought a new position in shares of Snowflake during the second quarter worth approximately $221,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the period. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 0.2%

Shares of SNOW stock opened at $255.94 on Monday. The stock’s fifty day moving average price is $156.69 and its two-hundred day moving average price is $190.40. The company has a market cap of $88.48 billion, a PE ratio of -72.71 and a beta of 1.35. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company’s revenue was up 33.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 EPS. Equities analysts predict that Snowflake Inc. will post -2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Christian Kleinerman sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the sale, the executive vice president owned 528,494 shares of the company’s stock, valued at $125,131,524.38. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $141.59, for a total value of $57,060.77. Following the sale, the director directly owned 22,509 shares in the company, valued at approximately $3,187,049.31. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 879,413 shares of company stock worth $174,692,025. 4.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on SNOW. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday. Citigroup raised their price objective on Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial restated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Snowflake in a research note on Thursday. Bank of America raised their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BTIG Research raised their price objective on Snowflake from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $284.38.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Snowflake Company 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.