Huntington National Bank Has $69.18 Million Holdings in Snowflake Inc. $SNOW

Huntington National Bank lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 315,371 shares of the company's stock after purchasing an additional 22,656 shares during the period. Huntington National Bank owned 0.09% of Snowflake worth $69,180,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. GoalVest Advisory LLC lifted its holdings 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 buying an additional 93 shares during the period. Physician Wealth Advisors Inc. lifted its holdings 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 buying an additional 51 shares during the period. HHM Wealth Advisors LLC lifted its holdings 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 buying an additional 50 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings 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 buying an additional 49 shares during the period. Finally, Ameriflex Group Inc. lifted its holdings 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 buying an additional 116 shares during the period. Institutional investors and hedge funds own 65.10% of the company's stock.

Snowflake Trading Down 1.7%

SNOW opened at $174.60 on Thursday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market cap of $60.36 billion, a P/E ratio of -44.20 and a beta of 1.08. The company has a fifty day moving average price of $153.75 and a two-hundred day moving average price of $190.65.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business's revenue was up 33.5% compared to the same quarter last year. Analysts predict that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat first-quarter expectations, reporting $0.39 EPS versus the $0.32 consensus and revenue of $1.39 billion versus $1.32 billion expected. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling stronger demand from enterprise AI workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, including use of Amazon’s Graviton processors and AI infrastructure, which investors see as a major growth driver for its AI platform. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Management said AI is becoming a clear tailwind, with product revenue growth accelerating and the quarter marking a potential inflection point in demand. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Neutral Sentiment: Snowflake also announced plans to acquire Natoma to strengthen secure connectivity and governance for AI agents, a strategic move that may support longer-term platform adoption. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise
• Negative Sentiment: A newly filed securities class action lawsuit could create headline risk and some investor overhang, though it appears unrelated to the latest operating results. Gainey McKenna & Egleston Announces a Class Action Lawsuit Has Been Filed Against Snowflake, Inc. (SNOW)

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SNOW shares. Raymond James Financial restated an "outperform" rating on shares of Snowflake in a report on Monday, February 2nd. BTIG Research dropped their target price on shares of Snowflake from $312.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Rosenblatt Securities restated a "buy" rating and issued a $275.00 target price on shares of Snowflake in a report on Thursday, May 21st. Evercore set a $200.00 target price on shares of Snowflake in a report on Tuesday, April 14th. Finally, Barclays dropped their target price on shares of Snowflake from $204.00 to $192.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus target price of $241.51.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 144,650 shares of Snowflake stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $175.45, for a total value of $25,378,842.50. Following the completion of the sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $6,675,170.70. The trade was a 79.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $141.59, for a total transaction of $57,060.77. Following the sale, the director directly owned 22,509 shares of the company's stock, valued at approximately $3,187,049.31. The trade was a 1.76% decrease in their ownership of the stock. 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 quarter, insiders sold 428,963 shares of company stock valued at $71,996,216. 4.80% of the stock is owned by insiders.

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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