AMI Asset Management Corp Buys 104,700 Shares of Snowflake Inc. $SNOW

AMI Asset Management Corp increased its stake in Snowflake Inc. (NYSE:SNOW) by 146.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,359 shares of the company’s stock after buying an additional 104,700 shares during the period. Snowflake accounts for 1.7% of AMI Asset Management Corp’s portfolio, making the stock its 25th largest position. AMI Asset Management Corp’s holdings in Snowflake were worth $26,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after purchasing an additional 98,870 shares during the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Swedbank AB lifted its position in shares of Snowflake by 6.0% during the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after purchasing an additional 75,419 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Snowflake by 8.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock valued at $31,639,000 after purchasing an additional 10,972 shares during the period. Finally, Cache Advisors LLC boosted its stake in shares of Snowflake by 175.0% during the fourth quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock valued at $2,442,000 after purchasing an additional 7,084 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $148.21, for a total value of $7,460,594.98. Following the sale, the director directly owned 29,396 shares in the company, valued at approximately $4,356,781.16. This trade represents a 63.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the transaction, the director directly owned 8,801 shares in the company, valued at approximately $2,200,250. The trade was a 91.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,702,804 shares of company stock worth $390,796,264. 4.80% of the stock is owned by corporate insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake was highlighted in a new retail media partnership: Unlimitail selected Snowflake to power a Global Retail Media Data Hub, using Snowflake Data Clean Rooms for privacy-safe data collaboration across Europe and LATAM. Snowflake (SNOW) Lands Unlimitail Retail Media Data Hub Partnership
• Positive Sentiment: Snowflake was also named in third-party coverage and reports as a key player in modern marketing data stacks, with companies like ZoomInfo and Domo getting recognition tied to Snowflake’s ecosystem, reinforcing SNOW’s positioning in AI and data infrastructure. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
• Positive Sentiment: Analyst-style commentary argued Snowflake remains a strong AI winner and a potential buy on pullbacks, suggesting some investors still see meaningful upside despite recent volatility. 5 Tech Stocks to Buy on the July Pullback (SNOW)
• Neutral Sentiment: Snowflake’s ongoing marketing and customer events, including the Snowflake World Tour in Sydney, underscore continued customer engagement but are unlikely to move the stock on their own. Snowflake World Tour | Sydney
• Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan, which is generally viewed as routine insider activity rather than a strong signal. SEC Form 4 filing
• Negative Sentiment: Several recent write-ups turned more cautious, with separate downgrades warning that Snowflake’s AI demand may be overhyped and that the stock’s valuation could be stretched after a strong run. Snowflake: Take Caution On Overhyped AI Demand (Rating Downgrade)
• Negative Sentiment: Another Seeking Alpha note also downgraded Snowflake, reflecting some skepticism about whether recent AI-related enthusiasm can sustain the stock’s move. Snowflake: Proven AI Winner, But Time To Say Goodbye (Downgrade)

Snowflake Trading Up 0.6%

Shares of NYSE:SNOW opened at $250.39 on Tuesday. The company has a market capitalization of $86.79 billion, a PE ratio of -71.13 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The business’s fifty day simple moving average is $194.12 and its 200-day simple moving average is $189.13.

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

Analyst Ratings Changes

Several research firms recently commented on SNOW. Royal Bank Of Canada raised their price target on shares of Snowflake from $220.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Wedbush upped their target price on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Mizuho raised their target price on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Loop Capital lifted their price target on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Citigroup boosted their price target on Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.53.

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.