Allspring Global Investments Holdings LLC Boosts Holdings in Snowflake Inc. $SNOW

Allspring Global Investments Holdings LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 36.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 522,066 shares of the company’s stock after purchasing an additional 139,002 shares during the period. Allspring Global Investments Holdings LLC owned 0.15% of Snowflake worth $113,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SNOW. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. raised its stake in Snowflake by 13.5% in 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. William Blair Investment Management LLC bought a new stake in Snowflake during the third quarter valued at approximately $116,882,000. Penserra Capital Management LLC lifted its position in Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after buying an additional 857,832 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Price Performance

SNOW stock opened at $150.24 on Wednesday. The firm has a market cap of $51.94 billion, a P/E ratio of -38.04 and a beta of 1.16. The firm’s fifty day moving average is $177.16 and its 200 day moving average is $216.08. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company earned $0.30 EPS. The firm’s revenue was up 30.1% compared to the same quarter last year. Research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Transactions at Snowflake

In other news, 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 value of $2,199,000.00. Following the completion of the sale, the executive vice president owned 471,351 shares of the company’s stock, valued at approximately $103,650,084.90. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director owned 30,236 shares in the company, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 600,437 shares of company stock worth $114,140,083. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SNOW. Citigroup decreased their price target on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada set a $245.00 target price on shares of Snowflake in a research report on Wednesday, February 11th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research note on Thursday, February 26th. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. lowered their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $249.62.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Internal CRO appointment signals continuity — Snowflake named long‑time veteran Jonathan Beaulier as Chief Revenue Officer, which may reassure investors about go‑to‑market continuity and execution. Read More.
• Positive Sentiment: Marketplace distribution deal — Morningstar expanded its investment data on Snowflake Marketplace, a partnership that can increase marketplace usage and sticky, data‑consumption revenue. Read More.
• Positive Sentiment: Long‑term AI narrative remains supportive — Coverage highlights Snowflake’s Cortex AI suite as a potential high‑margin growth driver by turning the platform into the place enterprises build and run AI, which could boost compute consumption over time.
• Neutral Sentiment: Analyst sentiment is generally constructive — Media pieces noting an average “Buy” recommendation may support sentiment, but they are commentary rather than new catalysts. Read More.
• Negative Sentiment: Multiple class‑action suits and law‑firm solicitations — Several firms (Pomerantz, Rosen, Bernstein Liebhard, Bronstein, Levi & Korsinsky, etc.) have filed suits or issued investor alerts alleging disclosure problems tied to a prior period; April 27 is a key lead‑plaintiff deadline. This legal overhang is a clear near‑term negative for sentiment and could increase volatility and potential liability. Read More.
• Negative Sentiment: Unexpected CRO turnover created uncertainty — Mike Gannon’s departure after only a year prompted investor concern over sales leadership stability, which likely pressured the stock. Read More.
• Negative Sentiment: Talent drain signal — A former Snowflake sales leader was hired as CRO at AtScale, a move that could be interpreted as marginal talent leakage. Read More.

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.