Newbridge Financial Services Group Inc. Has $5.53 Million Position in Snowflake Inc. $SNOW

Newbridge Financial Services Group Inc. raised its holdings in Snowflake Inc. (NYSE:SNOW) by 21.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,500 shares of the company’s stock after acquiring an additional 4,359 shares during the quarter. Snowflake comprises 0.8% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 29th largest position. Newbridge Financial Services Group Inc.’s holdings in Snowflake were worth $5,526,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Snowflake during the second quarter worth $639,000. Finally, Montag A & Associates Inc. grew its stake in shares of Snowflake by 234.5% during the second quarter. Montag A & Associates Inc. now owns 291 shares of the company’s stock worth $65,000 after purchasing an additional 204 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SNOW. Evercore increased their target price on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Wedbush restated an “outperform” rating and set a $270.00 target price on shares of Snowflake in a research report on Thursday, December 4th. KeyCorp lowered their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Monness Crespi & Hardt increased their price target on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, UBS Group reduced their price objective 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 equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Stock Up 0.8%

Shares of Snowflake stock opened at $178.60 on Friday. The company has a market capitalization of $61.12 billion, a P/E ratio of -45.22 and a beta of 1.16. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $189.67 and a two-hundred day moving average of $221.18. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $0.30 EPS. Snowflake’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $70,601.57. Following the completion of the sale, the director owned 23,315 shares of the company’s stock, valued at $4,084,554.85. This represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 550 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total transaction of $100,342.00. Following the sale, the executive vice president owned 501,835 shares in the company, valued at approximately $91,554,777.40. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 713,732 shares of company stock worth $144,510,676. Company insiders own 6.80% 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.