Hsbc Holdings PLC Sells 19,150 Shares of Snowflake Inc. $SNOW

Key Points

• HSBC Holdings PLC trimmed its Snowflake stake by 8.8% in the fourth quarter, selling 19,150 shares and leaving it with 197,923 shares valued at about $43.5 million.
• Snowflake posted stronger-than-expected quarterly results, with EPS of $0.39 versus estimates of $0.32 and revenue of $1.39 billion, up 33.5% year over year.
• Analysts remain broadly positive on the stock, with several firms raising or reaffirming Buy ratings and a consensus price target of $293.53, while insider selling has also been notable in recent months.

Hsbc Holdings PLC lessened its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 197,923 shares of the company's stock after selling 19,150 shares during the quarter. Hsbc Holdings PLC owned 0.06% of Snowflake worth $43,471,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at about $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake in the 4th quarter worth approximately $29,000. GoalVest Advisory LLC boosted its holdings in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock worth $30,000 after buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. boosted its holdings in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock worth $31,000 after buying an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. bought a new stake in Snowflake during the fourth quarter valued at approximately $32,000. 65.10% of the stock is currently owned by institutional investors.

Snowflake Trading Up 1.7%

SNOW stock opened at $230.53 on Wednesday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $284.99. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $79.90 billion, a price-to-earnings ratio of -65.49 and a beta of 1.35. The business has a 50 day simple moving average of $186.25 and a two-hundred day simple moving average of $188.85.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.07. The business had revenue of $1.39 billion during 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 50.50%. The company's revenue was up 33.5% on a year-over-year basis. During the same period last year, the firm posted $0.24 EPS. Research analysts anticipate that Snowflake Inc. will post -1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SNOW shares. Truist Financial lifted their price target on shares of Snowflake from $275.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. TD Cowen restated a "buy" rating and issued a $300.00 price objective on shares of Snowflake in a research note on Wednesday, June 3rd. KeyCorp set a $295.00 target price on Snowflake in a report on Thursday, May 28th. Raymond James Financial reiterated an "outperform" rating and set a $275.00 target price on shares of Snowflake in a research report on Thursday, May 28th. Finally, UBS Group restated a "buy" rating on shares of Snowflake in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $293.53.

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $148.21, for a total transaction of $7,460,594.98. Following the completion of the transaction, the director owned 29,396 shares of the company's stock, valued at $4,356,781.16. This represents a 63.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director directly owned 8,801 shares of the company's stock, valued at $2,200,250. This trade represents a 91.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,688,856 shares of company stock worth $387,567,555. 4.80% of the stock is owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Truist reiterated a Buy rating and raised its price target on Snowflake to $300 from $275, citing constructive customer feedback after Snowflake Summit 2026. This is a notable signal that analysts still see room for upside. Truist Remains Bullish on Snowflake Inc. (SNOW)
• Positive Sentiment: Snowflake’s fifth annual Modern Marketing Data Stack report spotlighted a broad partner ecosystem, with multiple companies named “Leader” or “One to Watch.” That reinforces Snowflake’s role as a key platform for governed data activation and AI-driven marketing. Snowplow Recognized as Leader in Snowflake’s Modern Marketing Data Stack Report for Third Consecutive Year
• Positive Sentiment: Snowflake expanded its partnership with Marketplacer to bring AI automation and marketplace intelligence to enterprise commerce, adding another sign of growing demand for Snowflake’s AI and data-cloud capabilities. Snowflake (SNOW) Expands Marketplacer Tie Up As AI Partner Recognition Grows
• Neutral Sentiment: Several partners, including RudderStack, Hightouch, Sigma, Amperity, Iterable, Acxiom, Tealium, Adstra, Verato, Ketch, Denodo, Piano, and others, announced Snowflake recognition at Cannes Lions. These headlines are mostly ecosystem/branding updates and may not have a direct near-term earnings impact. Hightouch Recognized as a Leader in Snowflake’s Modern Marketing Data Stack Report for Activation and Delivery
• Negative Sentiment: Director Frank Slootman sold 200,000 shares of Snowflake stock in a pre-arranged transaction worth about $44.9 million. Although the sale was under a 10b5-1 plan, insider selling can still weigh on sentiment. Insider Selling: Snowflake NYSE: SNOW Director Sells $44,854,000.00 in Stock

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.

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.