Womack Financial LLC Has $1.02 Million Stake in Snowflake Inc. $SNOW

Key Points

• Womack Financial LLC cut its Snowflake stake by 49.7% in the fourth quarter, leaving it with 4,632 shares valued at about $1.02 million.
• Snowflake reported a strong quarterly beat, posting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with revenue up 33.5% year over year.
• Analysts remained bullish after the results and the company’s AI-related momentum, with several firms raising price targets and Snowflake also announcing a $6 billion AWS collaboration plus plans to acquire Natoma.

Womack Financial LLC trimmed its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 49.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,632 shares of the company's stock after selling 4,582 shares during the period. Womack Financial LLC's holdings in Snowflake were worth $1,016,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Federated Hermes Inc. raised its holdings in Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock valued at $92,047,000 after buying an additional 48,411 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Snowflake by 99.1% in the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company's stock valued at $43,577,000 after purchasing an additional 98,870 shares during the period. Jennison Associates LLC lifted its stake in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at about $116,882,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock valued at $34,586,000 after purchasing an additional 37,911 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 2,621 shares of the business's stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21. Following the completion of the sale, the executive vice president owned 533,494 shares in the company, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Vivek Raghunathan sold 3,876 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president owned 273,323 shares of the company's stock, valued at $41,763,754.40. This trade represents a 1.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 484,313 shares of company stock worth $81,766,598 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Snowflake Stock Performance

Shares of SNOW stock opened at $239.22 on Friday. The firm has a market capitalization of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08. The firm has a fifty day simple moving average of $155.03 and a two-hundred day simple moving average of $190.49. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 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 49.29%. Snowflake's quarterly revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. Analysts forecast that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on Snowflake from $210.00 to $325.00 and gave the company a "buy" rating in a research note on Thursday. DA Davidson boosted their target price on shares of Snowflake from $250.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday. KeyCorp set a $295.00 target price on shares of Snowflake in a research report on Thursday. Truist Financial reiterated a "buy" rating and set a $275.00 target price (up from $240.00) on shares of Snowflake in a research report on Thursday. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $283.74.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat expectations, reporting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales up 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued demand for its cloud data and AI offerings. Article Title
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, tied to Graviton processors and AI infrastructure, which investors view as a major growth catalyst for enterprise agentic AI adoption. Article Title
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets, reflecting confidence that AI demand and the AWS deal could support further upside. Article Title
• Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents, another sign it is building out its AI platform. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; while noteworthy, it does not appear tied to the operating outlook. Article Title

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.