Congress Asset Management Co. Acquires 4,223 Shares of Snowflake Inc. $SNOW

Key Points

• Congress Asset Management increased its Snowflake stake by 13.4% in the third quarter, acquiring 4,223 shares and bringing its holdings to 35,643 shares valued at approximately $12.1 million. Institutional investors collectively own 65.1% of Snowflake.
• Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $414.24, implying upside from the stock’s $335.57 opening price. Snowflake also exceeded quarterly earnings and revenue expectations, reporting $0.62 in adjusted EPS and $1.55 billion in revenue.
• Despite strong institutional and analyst support, risks include insider selling, an upsized $3.75 billion convertible-note offering, and an unverified breach claim involving an ASOS Snowflake instance. The stock was down 1.0% and remains unprofitable, with a negative net margin of 20.07%.

Congress Asset Management Co. raised its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 13.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,643 shares of the company's stock after buying an additional 4,223 shares during the period. Congress Asset Management Co.'s holdings in Snowflake were worth $12,103,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Basecamp Wealth Advisors LLC raised its holdings in Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock worth $30,000 after buying an additional 118 shares during the period. Emerald Advisers LLC grew its position in Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock worth $31,000 after purchasing an additional 100 shares in the last quarter. MV Capital Management Inc. acquired a new stake in Snowflake during the 4th quarter valued at $32,000. Copos Capital S.a r.l. acquired a new stake in Snowflake during the 4th quarter valued at $35,000. Finally, Global Assets Advisory LLC acquired a new stake in Snowflake during the 1st quarter valued at $37,000. Institutional investors own 65.10% of the company's stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts’ average price target implies approximately 25.6% potential upside, while improving earnings-estimate revisions provide a supportive backdrop for Snowflake (SNOW). The article also cautions that analyst price targets are not always reliable. Wall Street analysts’ Snowflake price-target outlook
• Positive Sentiment: Snowflake’s upcoming EXPEDITION 2026 event will highlight enterprise AI adoption and feature CEO Sridhar Ramaswamy alongside Microsoft CEO Satya Nadella. The high-profile event could reinforce the company’s positioning in AI data infrastructure, although it is not an immediate financial catalyst. Snowflake EXPEDITION 2026 event announcement
• Neutral Sentiment: Snowflake announced that data-governance executive Sanjay Srivastava, who previously led data sharing and collaboration at Snowflake, is joining Bedrock Data as vice president of product. The move highlights executive talent competition but does not by itself indicate a change to Snowflake’s operating outlook. Bedrock Data hires Snowflake data-governance veteran
• Negative Sentiment: An unverified message delivered through ASOS’s mobile app claimed attackers had “fully compromised” the Snowflake instance used by the retailer and threatened to release customer information. The claim has not been confirmed, but it triggered concern about data security and contributed to pressure on SNOW. Snowflake shares fall after unverified ASOS breach claim
• Negative Sentiment: Snowflake upsized a convertible-note offering to $3.75 billion. While the financing provides capital, the larger deal may raise concerns about dilution and added financial obligations. Snowflake upsizes convertible note deal

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Citizens Jmp lifted their target price on Snowflake from $408.00 to $488.00 and gave the company a "market outperform" rating in a research note on Thursday, September 3rd. The Goldman Sachs Group increased their price target on shares of Snowflake from $300.00 to $436.00 and gave the stock a "buy" rating in a research report on Thursday, September 3rd. JPMorgan Chase & Co. raised their price target on shares of Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. Cantor Fitzgerald boosted their price objective on shares of Snowflake from $405.00 to $430.00 and gave the company an "overweight" rating in a research report on Thursday, September 3rd. Finally, Monness Crespi & Hardt upped their price objective on shares of Snowflake from $380.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $414.24.

Snowflake Stock Down 1.0%

SNOW stock opened at $335.57 on Wednesday. The firm has a market cap of $118.39 billion, a PE ratio of -105.53 and a beta of 1.35. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The company has a fifty day simple moving average of $327.80 and a 200 day simple moving average of $245.54. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The business's quarterly revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. Sell-side analysts anticipate that Snowflake Inc. will post -1.46 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 768 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total transaction of $255,690.24. Following the completion of the sale, the chief accounting officer owned 39,958 shares in the company, valued at $13,303,216.94. This represents a 1.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $341.57, for a total value of $5,123,550.00. Following the completion of the sale, the executive vice president directly owned 313,738 shares of the company's stock, valued at $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,246,429 shares of company stock valued at $396,227,952. 4.80% of the stock is owned by corporate insiders.

Snowflake Company Profile

Snowflake Inc NYSE: SNOW provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake's services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.

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