Fideuram Asset Management Ireland dac Takes $15.77 Million Position in Snowflake Inc. $SNOW

Key Points

• Fideuram Asset Management Ireland dac opened a new position in Snowflake, buying 68,989 shares valued at about $15.77 million. The stake represents roughly 1.2% of its portfolio and is its 17th largest holding.
• Snowflake’s latest quarter beat expectations, with EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected. Revenue rose about 33.5% year over year, and the company also raised its annual product revenue outlook.
• Insider activity has been notable, with director Michael L. Speiser and SVP Vivek Raghunathan selling shares. Over the last three months, insiders sold 484,313 shares worth about $81.8 million, while analysts remain broadly positive with a consensus Moderate Buy rating.

Fideuram Asset Management Ireland dac acquired a new stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 68,989 shares of the company's stock, valued at approximately $15,767,000. Snowflake makes up about 1.2% of Fideuram Asset Management Ireland dac's investment portfolio, making the stock its 17th largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GoalVest Advisory LLC boosted its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. boosted its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC boosted its stake in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock valued at $36,000 after acquiring an additional 49 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its stake in Snowflake by 252.2% in the third quarter. Ameriflex Group Inc. now owns 162 shares of the company's stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

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 on Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the transaction, the director owned 30,236 shares of the company's stock, valued at $5,297,044.84. This trade represents a 62.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president directly owned 273,323 shares of the company's stock, valued at approximately $41,763,754.40. This trade represents a 1.40% 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. In the last three months, insiders sold 484,313 shares of company stock worth $81,766,598. 4.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 36.5%

Shares of Snowflake stock opened at $239.22 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day moving average price of $155.03 and a 200 day moving average price of $190.49. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The stock has a market cap of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The firm had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the company posted $0.24 earnings per share. The firm's revenue was up 33.5% compared to the same quarter last year. Equities research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent analyst reports. Wedbush raised their target price on shares of Snowflake from $270.00 to $280.00 and gave the company an "outperform" rating in a research note on Thursday. Citizens Jmp restated a "market outperform" rating and issued a $325.00 target price on shares of Snowflake in a research note on Tuesday, May 19th. DA Davidson raised their target price on shares of Snowflake from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday. Royal Bank Of Canada raised their target price on shares of Snowflake from $220.00 to $284.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Sanford C. Bernstein raised their target price on shares of Snowflake from $195.00 to $250.00 and gave the company a "market perform" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $283.74.

Snowflake Company Profile

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.

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