Aaron Wealth Advisors LLC Decreases Stake in Snowflake Inc. $SNOW

Aaron Wealth Advisors LLC reduced its stake in shares of Snowflake Inc. (NYSE:SNOW) by 54.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,067 shares of the company’s stock after selling 2,483 shares during the period. Aaron Wealth Advisors LLC’s holdings in Snowflake were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in Snowflake during the 4th quarter worth about $28,000. Greenline Wealth Management LLC acquired a new position in shares of Snowflake in the fourth quarter valued at about $29,000. GoalVest Advisory LLC increased its holdings in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Physician Wealth Advisors Inc. raised its stake in shares of Snowflake by 56.0% in 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 fourth quarter worth about $32,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. BTIG Research upped their target price on Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. Cantor Fitzgerald lifted their price objective on shares of Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. Piper Sandler upped their price objective on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley increased their price objective on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.53.

Key Headlines Impacting Snowflake

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)

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $228.45, for a total transaction of $598,767.45. Following the completion of the sale, the executive vice president directly owned 400,379 shares in the company, valued at approximately $91,466,582.55. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock in a transaction on 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 represents a 1.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Over the last three months, insiders sold 1,702,804 shares of company stock valued at $390,796,264. Insiders own 4.80% of the company’s stock.

Snowflake Trading Up 0.6%

Shares of SNOW stock opened at $250.39 on Tuesday. 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 company has a market cap of $86.79 billion, a price-to-earnings ratio of -71.13 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 stock has a 50 day simple moving average of $194.12 and a 200-day simple moving average of $189.13.

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

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.