Park Avenue Securities LLC Grows Stock Holdings in Snowflake Inc. $SNOW

Park Avenue Securities LLC lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 88.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,139 shares of the company’s stock after acquiring an additional 12,293 shares during the period. Park Avenue Securities LLC’s holdings in Snowflake were worth $5,734,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Coastline Trust Co raised its stake in shares of Snowflake by 201.6% in the 4th quarter. Coastline Trust Co now owns 12,616 shares of the company’s stock valued at $2,767,000 after acquiring an additional 8,433 shares during the period. GoalVest Advisory LLC boosted 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 during the period. GAMMA Investing LLC boosted its position in Snowflake by 58.1% during the 4th quarter. GAMMA Investing LLC now owns 1,570 shares of the company’s stock worth $344,000 after purchasing an additional 577 shares during the period. AIA Group Ltd acquired a new stake in Snowflake in the 3rd quarter valued at $638,000. Finally, IFP Advisors Inc increased its holdings in Snowflake by 1.9% in the 3rd quarter. IFP Advisors Inc now owns 11,773 shares of the company’s stock valued at $2,655,000 after purchasing an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 2,986 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $175.34, for a total value of $523,565.24. Following the transaction, the executive vice president directly owned 496,052 shares of the company’s stock, valued at $86,977,757.68. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frank Slootman sold 11,299 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total value of $1,980,149.75. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at approximately $6,667,561.50. This trade represents a 22.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 613,303 shares of company stock worth $117,229,707 in the last three months. 6.80% of the stock is owned by insiders.

Snowflake Stock Down 4.2%

Shares of Snowflake stock opened at $168.07 on Friday. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a market capitalization of $57.51 billion, a PE ratio of -42.55 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $184.29 and a 200-day moving average of $219.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, equities analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. TD Cowen reduced their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Monness Crespi & Hardt increased their target price on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a research report on Wednesday, February 11th. Finally, Needham & Company LLC decreased their price target on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a 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 given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake previewed Project SnowWork, an autonomous AI platform (research preview) designed to move customers from insights to automated workflows — a product expansion that could drive higher usage and upsell opportunities if adoption follows. Read article Snowflake Launches Project SnowWork
• Positive Sentiment: Snowflake Ventures made a strategic investment in Bedrock Data to strengthen AI data governance and integrate its capabilities into Snowflake Horizon — this supports enterprise AI credibility and could reduce friction for customers adopting Snowflake’s AI offerings. Read article Bedrock Data Secures Strategic Investment
• Neutral Sentiment: Analyst/features pieces continue to compare Snowflake favorably vs. peers (Alphabet) on AI adoption and customer growth — helpful for narrative and positioning, but not an immediate revenue guarantee. Read article Snowflake vs Alphabet: Which Cloud Analytics Stock Has an Edge Now?
• Negative Sentiment: Snowflake announced targeted job cuts (including technical-writing roles) even after its ~$200M OpenAI partnership — the layoffs raise near-term execution and morale concerns and highlight cost tradeoffs while ramping AI investments. Read article Snowflake Cuts Jobs After $200M OpenAI Partnership
• Negative Sentiment: Oppenheimer flagged that contribution margins from Cortex Code and AI workloads are lower than Snowflake’s core analytics workloads — implying AI revenue may be less profitable and could pressure overall margin expansion expectations. Read article Cortex Code and AI Workloads Contribution Margins
• Negative Sentiment: Multiple law firms are circulating class-action notices and soliciting lead plaintiffs in a securities suit (April 27 deadline), creating a legal overhang that can weigh on sentiment and increase potential litigation costs. Read article Rosen Law Firm Investor Notice
• Negative Sentiment: Recent insider sales (EVP Christian Kleinerman and Director Frank Slootman) were disclosed — large but not unusual — however such sales can add short-term selling pressure and feed negative sentiment. Read article Insider Sales Disclosure

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.