Cibc World Market Inc. Acquires 9,930 Shares of Snowflake Inc. $SNOW

Cibc World Market Inc. grew its holdings in Snowflake Inc. (NYSE:SNOW) by 38.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 35,530 shares of the company’s stock after purchasing an additional 9,930 shares during the quarter. Cibc World Market Inc.’s holdings in Snowflake were worth $8,014,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Snowflake by 64.2% in the second quarter. Concurrent Investment Advisors LLC now owns 3,901 shares of the company’s stock valued at $873,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in Snowflake in the 2nd quarter worth approximately $271,000. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 613,681 shares of company stock valued at $130,573,518. 6.80% of the stock is owned by company insiders.

Snowflake Price Performance

Shares of SNOW opened at $182.37 on Friday. The stock 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 stock’s 50-day moving average price is $208.60 and its two-hundred day moving average price is $225.12. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

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

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of recent research reports. Macquarie Infrastructure increased their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Morgan Stanley reiterated an “overweight” rating and issued a $299.00 price target on shares of Snowflake in a report on Tuesday, January 27th. Mizuho lifted their price objective on Snowflake from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Piper Sandler reissued an “overweight” rating and set a $285.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Finally, Wells Fargo & Company upped their target price on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $274.68.

Snowflake News Roundup

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 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.