Frank Rimerman Advisors LLC Grows Stock Holdings in Snowflake Inc. $SNOW

Frank Rimerman Advisors LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 97.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,863 shares of the company’s stock after buying an additional 4,373 shares during the period. Frank Rimerman Advisors LLC’s holdings in Snowflake were worth $1,944,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SNOW. Total Clarity Wealth Management Inc. lifted its position in Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares during the last quarter. Diligent Investors LLC grew its holdings in Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares during the last quarter. Coastline Trust Co increased its position in shares of Snowflake by 1.0% during the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after purchasing an additional 42 shares in the last quarter. CX Institutional increased its position in shares of Snowflake by 13.2% during the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Trading Down 2.2%

Shares of Snowflake stock opened at $150.24 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day moving average price of $177.16 and a 200 day moving average price of $216.08. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The stock has a market cap of $51.94 billion, a PE ratio of -38.04 and a beta of 1.16.

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

Trending Headlines about 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.

Insider Activity

In other news, EVP Christian Kleinerman sold 10,000 shares of the company’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 sale, the executive vice president owned 471,351 shares in the company, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 30,236 shares in the company, valued at approximately $5,297,044.84. This trade represents a 62.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 600,437 shares of company stock valued at $114,140,083 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SNOW has been the subject of a number of recent analyst reports. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Mizuho lowered their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Stifel Nicolaus set a $205.00 price target on Snowflake in a research note on Thursday, February 26th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $249.62.

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.