California Public Employees Retirement System Reduces Stake in Snowflake Inc. $SNOW

California Public Employees Retirement System cut its position in shares of Snowflake Inc. (NYSE:SNOW) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 538,250 shares of the company’s stock after selling 13,991 shares during the quarter. California Public Employees Retirement System owned 0.16% of Snowflake worth $81,179,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Quadrant Private Wealth Management LLC increased its position in shares of Snowflake by 0.3% in the first quarter. Quadrant Private Wealth Management LLC now owns 59,168 shares of the company’s stock valued at $8,924,000 after buying an additional 178 shares in the last quarter. Centennial Bank AR purchased a new stake in shares of Snowflake in the 1st quarter worth about $60,000. Kera Capital Partners Inc. grew its stake in Snowflake by 8.2% in the 1st quarter. Kera Capital Partners Inc. now owns 3,105 shares of the company’s stock valued at $468,000 after acquiring an additional 234 shares during the last quarter. Modera Wealth Management LLC grew its stake in Snowflake by 28.5% in the 1st quarter. Modera Wealth Management LLC now owns 2,256 shares of the company’s stock valued at $340,000 after acquiring an additional 500 shares during the last quarter. Finally, Angeles Wealth Management LLC increased its holdings in Snowflake by 63.1% during the 1st quarter. Angeles Wealth Management LLC now owns 2,165 shares of the company’s stock valued at $327,000 after acquiring an additional 838 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of SNOW opened at $268.85 on Monday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $284.99. The company’s 50 day simple moving average is $227.43 and its 200 day simple moving average is $193.44. The company has a market capitalization of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.05 and a current ratio of 1.05.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. Snowflake’s revenue for the quarter was up 33.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. On average, sell-side analysts predict that Snowflake Inc. will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research note on Wednesday, June 3rd. Mizuho increased their target price on Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. UBS Group reissued a “buy” rating on shares of Snowflake in a research report on Monday, June 22nd. JPMorgan Chase & Co. upped their price objective on Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Finally, Rosenblatt Securities increased their price objective on Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $296.00.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

Insider Buying and Selling at Snowflake

In related news, Director Frank Slootman sold 99,900 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $251.73, for a total transaction of $25,147,827.00. Following the transaction, the director directly owned 28,535 shares in the company, valued at approximately $7,183,115.55. This represents a 77.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $255.11, for a total value of $87,502.73. Following the completion of the sale, the director directly owned 5,060 shares in the company, valued at approximately $1,290,856.60. The trade was a 6.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,802,015 shares of company stock valued at $421,739,629. 4.80% of the stock is currently owned by insiders.

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.