D.A. Davidson & CO. Reduces Stock Holdings in Snowflake Inc. $SNOW

D.A. Davidson & CO. trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,063 shares of the company’s stock after selling 3,641 shares during the period. D.A. Davidson & CO.’s holdings in Snowflake were worth $14,492,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake during the 3rd quarter worth approximately $25,000. Tripletail Wealth Management LLC purchased a new position in shares of Snowflake during the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. increased its position in Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. GoalVest Advisory LLC increased its position in Snowflake by 221.4% during the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Finally, Physician Wealth Advisors Inc. increased its position in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Up 2.9%

SNOW opened at $144.33 on Tuesday. 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 stock has a market capitalization of $49.89 billion, a price-to-earnings ratio of -36.54 and a beta of 1.23. The business has a 50-day moving average of $160.37 and a two-hundred day moving average of $204.65. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67.

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 during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. On average, research analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current year.

Insider Activity at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $148.21, for a total transaction of $59,728.63. Following the completion of the sale, the director directly owned 22,912 shares of the company’s stock, valued at $3,395,787.52. The trade was a 1.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 11,299 shares of the business’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the sale, the director directly owned 38,046 shares of the company’s stock, valued at $6,667,561.50. This represents a 22.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 394,313 shares of company stock worth $67,477,780. 6.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SNOW. BTIG Research dropped their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Needham & Company LLC dropped their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Canaccord Genuity Group dropped their price objective on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Morgan Stanley dropped their price objective on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake launched an AI agent platform with built‑in governance, positioning the company to capture demand for governed, enterprise-grade generative AI deployments — a clear revenue/strategy positive if adoption follows. Snowflake debuts AI agent platform with built-in governance
• Positive Sentiment: Product expansion: updates to Snowflake Intelligence and Cortex Code and new integrations (Salesforce, Google Workspace, Slack) strengthen Snowflake’s position as an AI control plane for enterprises — increases potential addressable market and stickiness. Snowflake Aims To Become AI Control Plane With New Enterprise Features
• Positive Sentiment: Coverage noting AI-driven revenue growth and cloud data demand highlights accelerating top-line trends tied to Snowflake’s product momentum — supportive for future revenue expectations. AI drives NYSE-listed Snowflake’s revenue growth, productivity as cloud data demand surges
• Neutral Sentiment: Snowflake has earlier reported beats on recent quarters (revenue and EPS upside), but remains unprofitable on GAAP margins — investors will watch whether AI monetization improves margins over time.
• Negative Sentiment: Multiple law firms are soliciting Snowflake investors and reminding them of an April 27 lead-plaintiff deadline in a federal securities class action tied to the June 27, 2023–Feb 28, 2024 period — raising the prospect of legal costs, distraction, and sentiment pressure. SNOW DEADLINE TODAY: ROSEN, A LEADING LAW FIRM, Encourages Snowflake Inc. Investors to Secure Counsel Before Important April 27 Deadline in Securities Class Action – SNOW
• Negative Sentiment: Bronstein, Gewirtz & Grossman publicized a class action filed against Snowflake and certain officers covering the same class period — another sign of potential litigation exposure and volatility risk. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: Faruqi & Faruqi issued a reminder about the April 27 deadline and its investigation into potential claims — continued publicity around the case can keep short‑term pressure on sentiment. SNOW CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Snowflake Investors of Securities Class Action Deadline on April 27, 2026
• Negative Sentiment: The Schall Law Firm is also soliciting lead‑plaintiff interest in the securities fraud lawsuit, reinforcing the legal overhang and potential for future litigation costs or settlements. SNOW Investors Have Opportunity to Lead Snowflake Inc. Securities Fraud Lawsuit with the Schall Law Firm

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.