Caprock Group LLC Takes $828,000 Position in Snowflake Inc. $SNOW

Caprock Group LLC acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,469 shares of the company’s stock, valued at approximately $828,000.

Several other large investors have also added to or reduced their stakes in SNOW. Sumitomo Mitsui Trust Group Inc. boosted its position in Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after acquiring an additional 8,002 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Snowflake in the 2nd quarter valued at approximately $6,845,000. Federated Hermes Inc. boosted its position in shares of Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after purchasing an additional 48,411 shares in the last quarter. Penserra Capital Management LLC grew its stake in Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares during the period. Finally, Rheos Capital Works Inc. grew its stake in Snowflake by 102.9% in the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares during the period. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $8,316,844.36. Following the transaction, the director directly owned 31,076 shares of the company’s stock, valued at approximately $5,134,376.72. This trade represents a 61.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction on 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 613,681 shares of company stock valued at $130,573,518 in the last quarter. Insiders own 6.80% of the company’s stock.

Snowflake Stock Up 5.5%

Snowflake stock opened at $182.37 on Monday. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The stock has a fifty day moving average of $208.60 and a 200 day moving average of $225.20. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $62.41 billion, a PE ratio of -45.14 and a beta of 1.14.

Snowflake (NYSE:SNOW) last released its quarterly 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. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.20 EPS. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. As a group, sell-side analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. The Goldman Sachs Group dropped their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday. Cantor Fitzgerald boosted their price objective on shares of Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. BTIG Research reissued a “buy” rating and issued a $312.00 target price on shares of Snowflake in a research note on Thursday, December 4th. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a research report on Monday, November 24th. Finally, Citigroup decreased their target price on shares of Snowflake from $310.00 to $300.00 and set a “buy” rating for the company in a report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $274.68.

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

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.