Diversified Trust Co Buys 5,671 Shares of Snowflake Inc. $SNOW

Diversified Trust Co boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 40.6% during 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 19,648 shares of the company’s stock after purchasing an additional 5,671 shares during the quarter. Diversified Trust Co’s holdings in Snowflake were worth $2,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. boosted its holdings in shares of Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares in the last quarter. Diligent Investors LLC raised its stake in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after acquiring an additional 40 shares in the last quarter. Wolff Wiese Magana LLC raised its stake in shares of Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after acquiring an additional 50 shares in the last quarter. HHM Wealth Advisors LLC lifted its position in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares during the last quarter. Finally, United Asset Strategies Inc. lifted its position in Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several analyst reports. Cantor Fitzgerald lifted their price target on shares of Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday, May 28th. Rosenblatt Securities increased their price objective on Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Wedbush raised their price objective on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Bank of America boosted their target price on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $275.00 target price on shares of Snowflake in a research report on Thursday, May 28th. One research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $293.53.

Snowflake Stock Up 0.1%

SNOW stock opened at $232.49 on Monday. The company has a market capitalization of $80.58 billion, a P/E ratio of -66.05 and a beta of 1.35. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $284.99. The firm’s fifty day simple moving average is $182.18 and its 200-day simple moving average is $189.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

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 the consensus estimate of $0.32 by $0.07. The firm 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 was up 33.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. As a group, equities research analysts forecast that Snowflake Inc. will post -1.87 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures invested in Jedify, and AcuityMD launched its Encounters Data Mart on Snowflake Marketplace, both of which underscore Snowflake’s expanding role in AI-driven and industry-specific data workflows. Article Title
• Positive Sentiment: Recent analyst commentary remains constructive, with Jefferies saying Snowflake and Databricks can both benefit from rising enterprise demand for data and AI infrastructure. Article Title
• Positive Sentiment: Coverage highlighting Snowflake as a strong generative AI/software name and noting institutional interest has added support to the stock’s momentum. Article Title
• Neutral Sentiment: Several executives sold shares under pre-arranged 10b5-1 plans, but the filings say the transactions were tied to tax withholding from equity vesting rather than a shift in outlook. Article Title
• Negative Sentiment: Investors are also weighing Snowflake’s valuation and intensifying competition from Databricks, which could temper enthusiasm if growth execution slips. Article Title

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 8,066 shares of Snowflake stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $240.00, for a total transaction of $1,935,840.00. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at approximately $6,848,400. This trade represents a 22.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total value of $930,240.00. Following the completion of the transaction, the senior vice president directly owned 258,689 shares of the company’s stock, valued at approximately $62,085,360. This trade represents a 1.48% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,488,856 shares of company stock worth $342,713,555 in the last three months. Company insiders own 4.80% of the company’s stock.

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.