Dakota Wealth Management Sells 18,348 Shares of Snowflake Inc. $SNOW

Dakota Wealth Management cut its stake in shares of Snowflake Inc. (NYSE:SNOW) by 65.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,800 shares of the company’s stock after selling 18,348 shares during the quarter. Dakota Wealth Management’s holdings in Snowflake were worth $2,210,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SNOW. Coastline Trust Co grew its holdings in shares of Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after purchasing an additional 42 shares during the last quarter. Wedbush Securities Inc. boosted its position in Snowflake by 1.3% in the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock valued at $832,000 after buying an additional 48 shares in the last quarter. CX Institutional grew its stake in Snowflake by 13.2% during the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after buying an additional 49 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in Snowflake by 44.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares during the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Snowflake by 1.3% during the second quarter. Insigneo Advisory Services LLC now owns 4,003 shares of the company’s stock worth $896,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on SNOW shares. Canaccord Genuity Group boosted their target price on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus reduced their price objective on Snowflake from $280.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday. Monness Crespi & Hardt raised their target price on Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. KeyCorp cut their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, DA Davidson reissued a “buy” rating and set a $300.00 price objective on shares of Snowflake in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus target price of $265.63.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company forecast fiscal 2027 product revenue above Wall Street estimates, which investors interpreted as confirmation that AI-driven demand is accelerating for Snowflake’s data cloud platform. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: Q4 product revenue and key backlog metrics came in strong — ~30% revenue growth and a large increase in remaining performance obligations (RPO), supporting the narrative that customers are adopting Snowflake for AI workloads. Snowflake Revenue Rises As AI Adoption Accelerates
• Neutral Sentiment: Wall Street analysts and forecasters revised expectations ahead of the report, producing mixed price-target moves and heightened focus on the company’s AI strategy — this kept both buyers and sellers active into the print. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4 Earnings
• Negative Sentiment: Profitability missed badly — Snowflake reported a large GAAP/net loss and an EPS shortfall versus expectations, which pressured the stock after-hours and highlights that growth is still coming with sizable near-term losses. Snowflake Q4 earnings and EPS miss (MarketBeat)
• Negative Sentiment: Multiple law firms have filed or are investigating potential securities class actions related to Snowflake, increasing legal risk and potential future liability/costs for the company. SNOW DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline
• Negative Sentiment: Notable insider selling and mixed institutional shifts were reported around the quarter, which may weigh on sentiment despite the top-line strength. QuiverQuant: insider selling and Q4 earnings summary

Snowflake Price Performance

Shares of SNOW stock opened at $169.74 on Thursday. The stock has a 50-day moving average price of $201.01 and a 200 day moving average price of $223.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $58.09 billion, a price-to-earnings ratio of -42.02 and a beta of 1.14. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

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

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the transaction, the executive vice president directly owned 512,450 shares in the company, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a document filed 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 on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the sale, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 in the last three months. Insiders own 6.80% of the company’s stock.

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.