CreativeOne Wealth LLC Purchases 4,463 Shares of Snowflake Inc. $SNOW

CreativeOne Wealth LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 98.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,974 shares of the company’s stock after acquiring an additional 4,463 shares during the quarter. CreativeOne Wealth LLC’s holdings in Snowflake were worth $2,024,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Snowflake by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares during the last quarter. Federated Hermes Inc. lifted its position in Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after acquiring an additional 48,411 shares in the last quarter. Penserra Capital Management LLC boosted its stake in Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Vanguard Group Inc. increased its holdings in Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in Snowflake by 102.9% during the 3rd quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $221.16, for a total value of $11,132,752.08. Following the completion of the transaction, the director directly owned 31,916 shares of the company’s stock, valued at approximately $7,058,542.56. This trade represents a 61.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the completion of the transaction, the executive vice president owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 711,140 shares of company stock worth $144,037,791 over the last three months. Company insiders own 6.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Snowflake Trading Up 1.2%

Shares of SNOW opened at $182.63 on Tuesday. The business has a 50-day moving average of $193.01 and a 200 day moving average of $222.05. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The firm has a market cap of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. As a group, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SNOW. Guggenheim restated a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Evercore raised their target price on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Royal Bank Of Canada set a $245.00 price objective on shares of Snowflake in a report on Wednesday, February 11th. Piper Sandler dropped their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, UBS Group dropped their target price on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a research note 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

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.