Northwestern Mutual Wealth Management Co. Sells 47,080 Shares of Snowflake Inc. $SNOW

Key Points

• Northwestern Mutual Wealth Management cut its Snowflake position by 84.3% in the fourth quarter, selling 47,080 shares and leaving it with 8,745 shares worth about $1.9 million.
• Snowflake reported a strong first quarter, posting $0.39 EPS on $1.39 billion in revenue, both above analyst expectations, with revenue up 33.5% year over year.
• The company raised its annual product revenue outlook and highlighted growth tied to AI demand, while also announcing a $6 billion, five-year AWS collaboration to accelerate enterprise AI adoption.

Northwestern Mutual Wealth Management Co. lowered its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 84.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,745 shares of the company's stock after selling 47,080 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Snowflake were worth $1,918,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. AustralianSuper Pty Ltd bought a new position in Snowflake during the 4th quarter valued at about $25,374,000. Thrivent Financial for Lutherans lifted its stake in shares of Snowflake by 4,207.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 44,196 shares of the company's stock worth $9,698,000 after purchasing an additional 43,170 shares during the period. New York Life Investment Management LLC increased its holdings in Snowflake by 10.1% in the 4th quarter. New York Life Investment Management LLC now owns 4,244 shares of the company's stock worth $931,000 after acquiring an additional 390 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in Snowflake by 4.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 65,590 shares of the company's stock worth $14,388,000 after acquiring an additional 2,815 shares during the period. Finally, Central Asset Investments & Management Holdings HK Ltd raised its stake in Snowflake by 58.8% during the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 2,461 shares of the company's stock worth $540,000 after acquiring an additional 911 shares during the period. Institutional investors own 65.10% of the company's stock.

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)

Insider Buying and Selling at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the completion of the transaction, the executive vice president directly owned 510,477 shares of the company's stock, valued at approximately $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 428,963 shares of company stock valued at $71,996,216. 4.80% of the stock is owned by company insiders.

Snowflake Trading Down 1.7%

SNOW stock opened at $174.60 on Thursday. The firm has a fifty day moving average price of $153.75 and a 200 day moving average price of $190.65. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $60.36 billion, a PE ratio of -44.20 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.32 billion. During the same period last year, the firm posted $0.24 earnings per share. Snowflake's revenue for the quarter was up 33.5% compared to the same quarter last year. Sell-side analysts anticipate that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Needham & Company LLC decreased their target price on shares of Snowflake from $280.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. KeyCorp restated an "overweight" rating on shares of Snowflake in a research note on Wednesday, May 20th. Zacks Research upgraded shares of Snowflake from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research note on Thursday, February 26th. Finally, Mizuho decreased their target price on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $241.51.

Snowflake 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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