GRIMES & Co WEALTH MANAGEMENT LLC Makes New $620,000 Investment in Snowflake Inc. $SNOW

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,748 shares of the company’s stock, valued at approximately $620,000.

A number of other institutional investors have also modified their holdings of SNOW. Trust Co. of Toledo NA OH purchased a new stake in Snowflake in the 2nd quarter worth approximately $25,000. Avion Wealth lifted its stake in shares of Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after purchasing an additional 49 shares during the period. Tripletail Wealth Management LLC acquired a new stake in shares of Snowflake during the third quarter worth $28,000. Rossby Financial LCC grew its position in shares of Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Finally, SJS Investment Consulting Inc. increased its stake in Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SNOW. Jefferies Financial Group set a $300.00 target price on Snowflake in a research report on Monday, November 24th. Mizuho increased their price objective on shares of Snowflake from $260.00 to $285.00 and gave the stock an “outperform” rating in a report on Monday, November 17th. Morgan Stanley raised their target price on shares of Snowflake from $272.00 to $299.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Finally, Evercore ISI increased their price target on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.58.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake expanded its platform via acquisitions of Datometry and Observe, strengthening its data/AI stack and potential revenue mix from observability and cross-cloud compatibility. SNOW Expands Portfolio on Acquisitions
• Positive Sentiment: A bullish analyst write-up upgraded Snowflake on valuation improvement and rising RPO (reported ~37% y/y in the article), highlighting strong revenue visibility (RPO) and 125% net revenue retention — factors that support medium‑to‑long-term upside. Snowflake: Buy The Dip
• Positive Sentiment: Third-party tooling adoption: Yuki launched a 14-day trial that runs full Snowflake optimization in production — a sign of partner-led demand and potential efficiency/performance benefits for customers. Yuki Launches a 14-Day Free Trial
• Positive Sentiment: Industry positioning: coverage pieces list Snowflake among top cross-cloud/AI infrastructure winners, reinforcing investor narratives around durable AI tailwinds and multi-cloud demand. This supports longer-term institutional interest. 5 AI Stocks Positioned to Win
• Neutral Sentiment: ETF exposure: Snowflake is a meaningful holding in cloud-focused ETFs (e.g., Fidelity Cloud Computing ETF), which can provide steady passive inflows but also links SNOW to broader ETF flows and cloud-sector volatility. The Cloud Computing ETF Every Growth Investor Should Consider
• Negative Sentiment: Analyst downgrade: Barclays cut Snowflake from Overweight to Equal Weight and trimmed its price target (from $290 to $250). That re-rating is a clear near-term headwind for sentiment and likely contributed to selling pressure. Barclays downgrades Snowflake
• Negative Sentiment: Market reaction / media coverage: Multiple outlets are calling out SNOW’s share decline and explaining today’s pullback, amplifying negative sentiment and short-term volatility. SNOW Falls More Steeply Than Broader Market Why Snowflake stock is falling today

Snowflake Price Performance

SNOW opened at $206.12 on Thursday. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a 50 day moving average of $235.26 and a two-hundred day moving average of $228.89. The company has a market cap of $70.53 billion, a P/E ratio of -51.02 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the business posted $0.20 EPS. The business’s quarterly revenue was up 28.7% on a year-over-year basis. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. The trade was a 79.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 418,681 shares of company stock worth $96,073,145. Company insiders own 6.80% of the company’s stock.

Snowflake Company 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.