Castle Hook Partners LP Has $598,000 Position in Snowflake Inc. $SNOW

Castle Hook Partners LP reduced its holdings in Snowflake Inc. (NYSE:SNOW) by 48.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,725 shares of the company’s stock after selling 2,566 shares during the period. Castle Hook Partners LP’s holdings in Snowflake were worth $598,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SNOW. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake in the 4th quarter valued at $29,000. GoalVest Advisory LLC increased its stake in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the last quarter. Finally, HHM Wealth Advisors LLC increased its stake in Snowflake by 50.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Needham & Company LLC boosted their price objective on shares of Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Barclays boosted their price objective on shares of Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $291.77.

Snowflake Stock Down 1.7%

Snowflake stock opened at $234.24 on Thursday. The firm has a market capitalization of $81.19 billion, a PE ratio of -66.55 and a beta of 1.35. The company’s 50-day moving average is $178.86 and its 200-day moving average is $189.60. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last announced 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate 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 was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Sell-side analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced that Unlimitail chose its platform to power a privacy-preserving retail media data hub across Europe and Latin America, expanding Snowflake’s footprint in retail media and highlighting demand for its data clean room and AI data cloud products. BusinessWire article
• Positive Sentiment: Analysts at Jefferies said Snowflake still looks well-positioned despite rising competition from Databricks, arguing that both firms can benefit from continued enterprise spending on data and AI infrastructure. Proactive Investors article
• Positive Sentiment: Another analyst note said Snowflake remains attractive because of its strong cash flow and relatively lower valuation versus its growth profile, supporting the stock’s investment case. Benzinga article
• Neutral Sentiment: Snowflake also said EDO is expanding its use of Snowflake Cortex AI to power ChatEDO, a sign that customers continue to build AI products on the platform. Yahoo Finance article
• Negative Sentiment: Snowflake insiders, including director Frank Slootman, SVP Vivek Raghunathan, and EVP Christian Kleinerman, sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on equity awards. While routine, insider selling can still weigh on sentiment. SEC filing
• Negative Sentiment: Investor focus also remains on intensifying competition from Databricks, which may pressure Snowflake’s growth narrative even as analysts say both companies can coexist. Proactive Investors article

Insider Buying and Selling at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $240.00, for a total transaction of $930,240.00. Following the completion of the sale, the senior vice president owned 258,689 shares of the company’s stock, valued at approximately $62,085,360. The trade was a 1.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $98,819.63. Following the sale, the director directly owned 22,106 shares of the company’s stock, valued at $5,420,612.26. The trade was a 1.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,493,618 shares of company stock worth $343,531,621 in the last ninety days. Insiders own 4.80% of the company’s stock.

About Snowflake

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.