Garde Capital Inc. Purchases 8,875 Shares of Snowflake Inc. $SNOW

Key Points

• Garde Capital Inc. increased its Snowflake stake by 249.6% in the fourth quarter, buying 8,875 additional shares and bringing its total holdings to 12,431 shares worth about $2.73 million.
• Snowflake’s recent earnings report was strong, with fiscal Q1 revenue up about 33.5% year over year and EPS of $0.39, both ahead of analyst expectations.
• Analysts and management remain upbeat: Snowflake raised its annual product revenue outlook, announced a $6 billion AWS collaboration, and several analysts lifted price targets, with the stock now carrying a Moderate Buy consensus.

Garde Capital Inc. boosted its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 249.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,431 shares of the company's stock after purchasing an additional 8,875 shares during the quarter. Garde Capital Inc.'s holdings in Snowflake were worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. SBI Okasan Asset Management Co.Ltd. purchased a new stake in Snowflake in the 4th quarter worth approximately $1,357,000. Northwestern Mutual Wealth Management Co. lifted its stake in Snowflake by 14.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 63,753 shares of the company's stock worth $13,985,000 after purchasing an additional 7,928 shares in the last quarter. Jupiter Asset Management Ltd. lifted its stake in Snowflake by 173.2% in the 4th quarter. Jupiter Asset Management Ltd. now owns 217,730 shares of the company's stock worth $47,761,000 after purchasing an additional 138,029 shares in the last quarter. Intech Investment Management LLC lifted its stake in Snowflake by 28.2% in the 4th quarter. Intech Investment Management LLC now owns 17,375 shares of the company's stock worth $3,811,000 after purchasing an additional 3,817 shares in the last quarter. Finally, Foundations Investment Advisors LLC purchased a new stake in Snowflake in the 4th quarter worth approximately $474,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total value of $1,650,100.00. Following the transaction, the executive vice president owned 510,477 shares of the company's stock, valued at $84,233,809.77. This represents a 1.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Vivek Raghunathan sold 3,876 shares of the 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 completion of the transaction, the senior vice president directly owned 273,323 shares in the company, valued at $41,763,754.40. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 484,313 shares of company stock worth $81,766,598 over the last quarter. 4.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on SNOW shares. KeyCorp set a $295.00 target price on shares of Snowflake in a research note on Thursday. TD Cowen increased their target price on shares of Snowflake from $255.00 to $300.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group increased their target price on shares of Snowflake from $216.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company increased their target price on shares of Snowflake from $210.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday. Finally, Scotiabank reiterated an "outperform" rating on shares of Snowflake in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $283.74.

Key Snowflake News

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

Snowflake Price Performance

Shares of NYSE:SNOW opened at $239.22 on Friday. The company's fifty day moving average price is $155.03 and its 200-day moving average price is $190.49. The firm has a market capitalization of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08. Snowflake Inc. has a one year low of $118.30 and a one year high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

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

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.

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