Alight Capital Management LP Grows Stake in Snowflake Inc. $SNOW

Alight Capital Management LP boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,000 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Snowflake comprises about 2.0% of Alight Capital Management LP’s portfolio, making the stock its 17th biggest position. Alight Capital Management LP’s holdings in Snowflake were worth $7,678,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Align Financial LLC bought a new stake in Snowflake during the 4th quarter valued at $289,000. GAM Holding AG bought a new stake in Snowflake during the 4th quarter valued at $2,973,000. Coatue Management LLC boosted its position in Snowflake by 26.8% during the 4th quarter. Coatue Management LLC now owns 2,480,963 shares of the company’s stock valued at $544,224,000 after acquiring an additional 524,515 shares in the last quarter. EFG International AG bought a new stake in Snowflake during the 4th quarter valued at $12,485,000. Finally, Defiance ETFs LLC bought a new stake in Snowflake during the 4th quarter valued at $40,954,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on SNOW. Cantor Fitzgerald increased their target price on Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Wedbush increased their target price on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Stifel Nicolaus raised their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Weiss Ratings cut Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $291.77.

Snowflake Stock Down 1.7%

Snowflake stock opened at $234.24 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $81.19 billion, a price-to-earnings ratio of -66.55 and a beta of 1.35. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $284.99. The business has a fifty day moving average price of $178.86 and a 200-day moving average price of $189.60.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm’s quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts forecast that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced that Unlimitail chose its platform to power a privacy-preserving retail media data hub across Europe and Latin America, expanding Snowflake’s footprint in retail media and highlighting demand for its data clean room and AI data cloud products. BusinessWire article
• Positive Sentiment: Analysts at Jefferies said Snowflake still looks well-positioned despite rising competition from Databricks, arguing that both firms can benefit from continued enterprise spending on data and AI infrastructure. Proactive Investors article
• Positive Sentiment: Another analyst note said Snowflake remains attractive because of its strong cash flow and relatively lower valuation versus its growth profile, supporting the stock’s investment case. Benzinga article
• Neutral Sentiment: Snowflake also said EDO is expanding its use of Snowflake Cortex AI to power ChatEDO, a sign that customers continue to build AI products on the platform. Yahoo Finance article
• Negative Sentiment: Snowflake insiders, including director Frank Slootman, SVP Vivek Raghunathan, and EVP Christian Kleinerman, sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on equity awards. While routine, insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Investor focus also remains on intensifying competition from Databricks, which may pressure Snowflake’s growth narrative even as analysts say both companies can coexist. Proactive Investors article

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $272.00, for a total value of $2,720,000.00. Following the completion of the transaction, the executive vice president owned 418,494 shares in the company, valued at $113,830,368. This trade represents a 2.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the transaction, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,493,618 shares of company stock worth $343,531,621. Insiders own 4.80% of the company’s stock.

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.