Assetmark Inc. Sells 13,851 Shares of Snowflake Inc. $SNOW

Assetmark Inc. lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,804 shares of the company’s stock after selling 13,851 shares during the quarter. Assetmark Inc.’s holdings in Snowflake were worth $27,872,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter worth $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the fourth quarter valued at about $29,000. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new position in shares of Snowflake in the 4th quarter worth about $32,000. 65.10% of the stock is owned by institutional investors.

Snowflake Trading Down 0.4%

NYSE:SNOW opened at $268.85 on Friday. The company has a fifty day moving average of $227.43 and a 200 day moving average of $193.65. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $93.18 billion, a P/E ratio of -76.38 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. On average, research analysts predict that Snowflake Inc. will post -1.84 earnings per share for the current year.

Insider Activity

In other news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $141.60, for a total transaction of $7,127,860.80. Following the completion of the sale, the director directly owned 28,556 shares in the company, valued at approximately $4,043,529.60. This represents a 63.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 the firm’s stock in a transaction dated 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 sale, the director directly owned 8,801 shares in the company, valued at $2,200,250. The trade was a 91.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,802,015 shares of company stock valued at $421,739,629. Insiders own 4.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on SNOW shares. Truist Financial increased their price objective on Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 5th. JPMorgan Chase & Co. boosted their target price on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Loop Capital upped their target price on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Oppenheimer increased their price target on shares of Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Finally, Wedbush lifted their price target 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. Thirty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $296.00.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

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.