Snowflake Inc. $SNOW Shares Bought by Assetmark Inc.

Assetmark Inc. increased its position in Snowflake Inc. (NYSE:SNOW) by 124.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,785 shares of the company’s stock after buying an additional 55,255 shares during the period. Assetmark Inc.’s holdings in Snowflake were worth $22,507,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Avion Wealth raised its holdings in shares of Snowflake by 76.6% in 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. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake in the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake in the third quarter valued at approximately $28,000. Rossby Financial LCC lifted its position in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its stake in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Price Performance

Shares of SNOW stock opened at $182.37 on Friday. The firm has a fifty day moving average of $208.60 and a two-hundred day moving average of $225.16. The firm has a market cap of $62.41 billion, a P/E ratio of -45.14 and a beta of 1.14. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

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

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI tie-up and new AI tools — market reacted strongly to the expanded OpenAI relationship and product announcements that position Snowflake as a platform for enterprise AI agents. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Deal frames enterprise AI agent opportunity — coverage explains how the OpenAI tie-up could accelerate adoption of AI agents on Snowflake’s data cloud. Snowflake OpenAI Deal Puts Enterprise AI Agents At Center Stage
• Positive Sentiment: Analysts reaffirm bullish view on Snowflake’s AI strategy — analyst commentary supports the market’s positive reaction and may sustain increased investor interest. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: New commercial partnership with U.S. Figure Skating — expands Snowflake’s vertical use cases (athlete performance, fan engagement) and showcases go-to-market momentum. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Notable buy by CNBC’s Amy Raskin — publicized insider/portfolio manager buying can be read as a vote of confidence. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Neutral Sentiment: Street rating remains constructive but measured — analysts give an average “Moderate Buy” rating, indicating continued conviction but not unanimous enthusiasm. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Johnson Fistel launches securities probe — law firm soliciting shareholders about potential claims could increase legal overhang and investor uncertainty. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz begins investor investigation — a second law firm action raises the risk of litigation costs and management distraction. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent share pullback noted by market commentary — short-term volatility and a recent decline vs. the market are reminders of execution and sentiment risks. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

Insider Activity

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the completion of the sale, the director directly owned 23,718 shares in the company, valued at approximately $3,918,687.96. The trade was a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the sale, the director directly owned 50,329 shares in the company, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 613,681 shares of company stock valued at $130,573,518 over the last three months. Company insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SNOW shares. The Goldman Sachs Group cut their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research note on Wednesday. DA Davidson reiterated a “buy” rating and issued a $300.00 price target on shares of Snowflake in a report on Friday, January 30th. Piper Sandler restated an “overweight” rating and set a $285.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Wedbush reiterated an “outperform” rating and set a $270.00 target price on shares of Snowflake in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $274.68.

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.