Groupe la Francaise Has $9.49 Million Stock Position in Snowflake Inc. $SNOW

Groupe la Francaise lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 252,424.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,131 shares of the company’s stock after purchasing an additional 63,106 shares during the period. Groupe la Francaise’s holdings in Snowflake were worth $9,491,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SNOW. Assetmark Inc. grew its stake in shares of Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC increased its position in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Swedbank AB lifted its stake in shares of Snowflake by 6.0% in the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after purchasing an additional 75,419 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Snowflake by 8.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 144,234 shares of the company’s stock worth $31,639,000 after buying an additional 10,972 shares during the last quarter. Finally, Cache Advisors LLC boosted its holdings in shares of Snowflake by 175.0% in the fourth quarter. Cache Advisors LLC now owns 11,132 shares of the company’s stock worth $2,442,000 after buying an additional 7,084 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 5.4%

Shares of SNOW opened at $298.05 on Friday. The business’s 50 day moving average is $248.27 and its 200 day moving average is $196.68. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $298.23. The company has a market capitalization of $103.31 billion, a PE ratio of -84.67 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Research analysts expect that Snowflake Inc. will post -1.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SNOW has been the subject of several recent research reports. BTIG Research boosted their target price on shares of Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Canaccord Genuity Group lifted their price target on shares of Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Loop Capital boosted their price objective on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Needham & Company LLC upped their price objective on Snowflake from $300.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Piper Sandler raised their target price on Snowflake from $295.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.27.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $245.21, for a total value of $12,343,380.98. Following the sale, the director owned 27,716 shares in the company, valued at $6,796,240.36. The trade was a 64.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director directly owned 8,801 shares of the company’s stock, valued at $2,200,250. This trade represents a 91.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 2,051,274 shares of company stock worth $496,879,031. 4.80% of the stock is owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wells Fargo raised its valuation outlook substantially. The firm reportedly sees an $500 price target, implying significant additional upside, and argues that concerns about AI disrupting software have been overdone. The bullish call is helping reinforce the market’s renewed optimism toward Snowflake’s growth prospects. Wells Fargo sees a massive number in Snowflake’s future
• Positive Sentiment: Snowflake joined Cursor’s Benchmark Partners program alongside AWS, Databricks, McKinsey, BCG and NVIDIA. The partnership is intended to help enterprises deploy and scale AI-powered software development, potentially increasing Snowflake’s visibility and usage in enterprise AI workloads. Cursor Launches Benchmark Partners Program
• Positive Sentiment: Snowflake launched an AI-agent governance layer designed to monitor agent activity, improve security and control costs. The product addresses key barriers to enterprise AI adoption and supports the company’s broader push into governance, security and data management. Snowflake launches AI agent governance layer
• Positive Sentiment: Analysts highlighted Snowflake’s deepening enterprise AI push and approximately 30% product-revenue growth guidance as potential catalysts for further gains. The stock’s recent advance and new high suggest investors are rewarding evidence that AI may expand, rather than undermine, demand for Snowflake’s platform. Snowflake’s Enterprise AI Push Deepens
• Neutral Sentiment: NTT DATA and Snowflake cautioned that identity controls alone will not secure enterprise AI agents. The discussion underscores the need for broader governance and monitoring tools—an opportunity for Snowflake, although it also highlights the complexity and execution challenges of the emerging market. NTT DATA AIVista and Snowflake
• Negative Sentiment: Insider selling remains a counterpoint. Directors Benoit Dageville and Frank Slootman sold sizeable blocks of SNOW shares, including approximately $18.4 million and $2.8 million transactions. The sales were disclosed as planned transactions, but they may raise valuation and insider-confidence concerns after the stock’s sharp recovery. Snowflake Director Benoit Dageville Sells 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.