Snowflake Inc. $SNOW Shares Acquired by Coastline Trust Co

Coastline Trust Co increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 201.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,616 shares of the company’s stock after acquiring an additional 8,433 shares during the period. Coastline Trust Co’s holdings in Snowflake were worth $2,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SNOW. Total Clarity Wealth Management Inc. lifted its holdings in Snowflake by 2.7% in 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 period. Diligent Investors LLC grew its stake in shares of Snowflake by 0.9% during the 3rd 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 period. CX Institutional grew its stake in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares during the period. Hazlett Burt & Watson Inc. increased 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 in the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Snowflake by 1.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 4,003 shares of the company’s stock valued at $896,000 after purchasing an additional 52 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, an autonomous enterprise AI platform (research preview) designed to move users from insights to execution — a material product expansion that can drive greater usage, upsells and differentiation if adoption scales. Read More.
• Positive Sentiment: Snowflake is investing in third-party tooling to strengthen AI data governance — Snowflake Ventures made a strategic investment in Bedrock Data with deeper technical integration and a go‑to‑market partnership, which can reduce customer friction for enterprise AI deployments. Read More.
• Positive Sentiment: Multiple analyst/features compare Snowflake favorably versus larger cloud peers on AI adoption and customer growth, supporting a narrative that SNOW can win share in cloud analytics — useful for investors looking for secular AI exposure. Read More.
• Positive Sentiment: Long-form bullish coverage highlights three reasons to like Snowflake today (product momentum, AI positioning, customer growth), reinforcing buy-side conviction after recent share weakness. Read More.
• Neutral Sentiment: NYSE and media interviews are amplifying the SnowWork narrative — helpful for visibility and marketing, but not an immediate revenue guarantee; watch adoption metrics and monetization signals. Read More.
• Negative Sentiment: Multiple law firms have issued class-action notices and investor alerts tied to an existing securities suit (covering purchases between June 27, 2023 and Feb 28, 2024) and are soliciting lead plaintiffs — ongoing litigation outreach is a headline risk that can weigh on sentiment and create legal costs/uncertainty. Read More.
• Negative Sentiment: Insider selling disclosed: EVP Christian Kleinerman and Director Frank Slootman reported recent share sales (SEC Form 4 filings). While both remain large holders, continued insider sales can be perceived as tactical selling and add short‑term pressure. Read More. Read More.

Insider Activity

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $70,601.57. Following the transaction, the director owned 23,315 shares of the company’s stock, valued at approximately $4,084,554.85. The trade was a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 2,986 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $175.34, for a total value of $523,565.24. Following the completion of the sale, the executive vice president owned 496,052 shares of the company’s stock, valued at approximately $86,977,757.68. The trade was a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 513,303 shares of company stock worth $99,644,391 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Up 1.3%

Shares of SNOW opened at $175.44 on Friday. The stock has a 50 day moving average price of $185.30 and a 200 day moving average price of $219.96. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $60.03 billion, a price-to-earnings ratio of -44.41 and a beta of 1.16.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 48.50% and a negative net margin of 28.43%.The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.30 EPS. Equities research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on SNOW shares. Macquarie Infrastructure upped their price objective on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Citigroup reduced their price target on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. TD Cowen lowered their price target on Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Stifel Nicolaus set a $205.00 price objective on Snowflake in a report on Thursday, February 26th. Finally, Morgan Stanley cut 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. Two investment analysts have 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.58.

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.