California Public Employees Retirement System Cuts Position in Snowflake Inc. $SNOW

California Public Employees Retirement System reduced its position in Snowflake Inc. (NYSE:SNOW) by 2.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 538,250 shares of the company’s stock after selling 13,991 shares during the period. California Public Employees Retirement System’s holdings in Snowflake were worth $81,179,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the fourth quarter worth approximately $29,000. Physician Wealth Advisors Inc. grew 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 buying an additional 51 shares during the period. Emerald Advisers LLC increased its position in shares of Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Finally, MV Capital Management Inc. acquired a new stake in shares of Snowflake in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.0%

Shares of NYSE SNOW opened at $268.85 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The stock’s 50-day simple moving average is $227.43 and its 200-day simple moving average is $193.44. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating 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 the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. As a group, equities analysts anticipate that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Morgan Stanley upped their price target on shares of Snowflake from $245.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Benchmark boosted their price objective on Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. DA Davidson upped their target price on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Weiss Ratings lowered Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. Finally, Loop Capital upped their price target on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $296.00.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 840 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $257.91, for a total transaction of $216,644.40. Following the completion of the transaction, the director directly owned 26,876 shares of the company’s stock, valued at $6,931,589.16. This trade represents a 3.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $255.11, for a total transaction of $87,502.73. Following the completion of the sale, the director directly owned 5,060 shares of the company’s stock, valued at $1,290,856.60. The trade was a 6.35% 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. In the last three months, insiders have sold 1,802,015 shares of company stock valued at $421,739,629. Corporate insiders own 4.80% of the company’s stock.

Snowflake News Roundup

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

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.