Westpac Banking Corp Buys 5,085 Shares of Snowflake Inc. $SNOW

Posted by Scott Moore on Feb 26th, 2026

Westpac Banking Corp boosted its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 41.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,475 shares of the company’s stock after acquiring an additional 5,085 shares during the quarter. Westpac Banking Corp’s holdings in Snowflake were worth $3,941,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SNOW. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Snowflake by 0.9% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 354,458 shares of the company’s stock valued at $79,948,000 after buying an additional 3,264 shares during the last quarter. Total Clarity Wealth Management Inc. grew its stake in shares of Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after acquiring an additional 40 shares in the last quarter. Citizens Business Bank raised its holdings in shares of Snowflake by 12.4% in the third quarter. Citizens Business Bank now owns 23,412 shares of the company’s stock valued at $5,281,000 after purchasing an additional 2,581 shares during the last quarter. AlphaCore Capital LLC raised its holdings in shares of Snowflake by 133.7% in the third quarter. AlphaCore Capital LLC now owns 984 shares of the company’s stock valued at $222,000 after purchasing an additional 563 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of Snowflake by 53.9% in the third quarter. Westfield Capital Management Co. LP now owns 574,955 shares of the company’s stock worth $129,681,000 after purchasing an additional 201,332 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 5.4%

SNOW opened at $169.74 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $201.01 and its 200 day simple moving average is $223.09. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The stock has a market cap of $58.09 billion, a PE ratio of -42.02 and a beta of 1.14.

Snowflake (NYSE:SNOW – Get Free Report) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 earnings per share. As a group, research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on SNOW. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Zacks Research lowered Snowflake from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Stifel Nicolaus reduced their price target on Snowflake from $280.00 to $225.00 and set a “buy” rating for the company in a research report on Monday. Finally, DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of Snowflake in a research note on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $260.16.

View Our Latest Analysis on Snowflake

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at approximately $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 713,681 shares of company stock worth $148,264,518. Insiders own 6.80% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Company beat revenue expectations and reported accelerating AI adoption; management flagged AI as a growth driver and forecasts fiscal‑2027 product revenue above Wall Street estimates, supporting forward revenue visibility. Snowflake expects annual product revenue above estimates as AI boosts demand
Positive Sentiment: Quarterly revenue grew ~30% year‑over‑year and remaining performance obligations (RPO) rose materially, signaling contracted demand and multi‑period visibility tied to AI projects — a metric investors have been watching for sustainable AI monetization. Snowflake Revenue Rises As AI Adoption Accelerates
Positive Sentiment: Some headline metrics beat consensus (revenue slightly above estimates; Zacks notes key metrics versus estimates), which supports the bullish narrative that Snowflake’s platform is benefiting from enterprise AI spend. Snowflake (SNOW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Neutral Sentiment: Company released the earnings call transcript and slide deck for deeper detail — useful for verifying non‑GAAP vs GAAP differences and management commentary on AI monetization and RPO. Snowflake Inc. (SNOW) Q4 2026 Earnings Call Transcript
Neutral Sentiment: Analysts and forecasters revised expectations into the print; some price‑target updates and research notes preceded earnings, so watch post‑report analyst reactions for further directional guidance. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4 Earnings
Negative Sentiment: GAAP EPS missed badly (wide loss per share) despite revenue beats — the large GAAP loss and deterioration in operating result/diluted EPS were cited in market coverage and prompted some intraday selling pressure. Snowflake Inc. (SNOW) stock falls on Q4 2026 Earnings
Negative Sentiment: Multiple law firms have filed/investigated securities class actions tied to prior disclosures and performance, adding legal overhang and potential future costs or distraction for management. SNOW DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline
Negative Sentiment: Insider selling and recent analyst downgrades were noted in the market, which can pressure sentiment even as top‑line growth remains healthy. Snowflake’s stock dips as the software company gives a mixed outlook

About Snowflake

(Free Report)

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.