Cullen Frost Bankers Inc. Increases Stake in Snowflake Inc. $SNOW

Cullen Frost Bankers Inc. increased its stake in Snowflake Inc. (NYSE:SNOW) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,452 shares of the company’s stock after purchasing an additional 6,446 shares during the period. Cullen Frost Bankers Inc.’s holdings in Snowflake were worth $13,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of SNOW. Norges Bank purchased a new stake in shares of Snowflake during the second quarter valued at $944,895,000. Winslow Capital Management LLC acquired a new stake in Snowflake during the 2nd quarter worth about $725,667,000. Jennison Associates LLC lifted its position in Snowflake by 20.5% during the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock worth $1,790,309,000 after acquiring an additional 1,363,389 shares during the period. Sei Investments Co. grew its stake in Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after purchasing an additional 1,165,515 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after purchasing an additional 652,485 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real‑time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium‑term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long‑term thesis, limited short‑term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined‑risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near‑term selling pressure. SEC filing: Frank Slootman sale

Insider Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the sale, the executive vice president directly owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 618,681 shares of company stock worth $137,427,145 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Bank of America upped their target price on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, November 17th. BTIG Research reaffirmed a “buy” rating and issued a $312.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Oppenheimer reissued an “outperform” rating on shares of Snowflake in a report on Friday, November 21st. Wells Fargo & Company upped their price target on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Finally, Macquarie lifted their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.58.

Snowflake Price Performance

NYSE:SNOW opened at $209.57 on Monday. 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 Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The stock’s 50-day moving average price is $227.49 and its 200-day moving average price is $228.34. The stock has a market capitalization of $71.72 billion, a PE ratio of -51.87 and a beta of 1.14.

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

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.