Westpac Banking Corp Sells 2,425 Shares of Snowflake Inc. $SNOW

03 Jun 2026, 09:49 by Doug Wharley · The Cerbat Gem

Westpac Banking Corp decreased its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,050 shares of the company’s stock after selling 2,425 shares during the quarter. Westpac Banking Corp’s holdings in Snowflake were worth $3,301,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GoalVest Advisory LLC grew its stake 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 purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake 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 purchasing an additional 51 shares during the last quarter. HHM Wealth Advisors LLC grew its stake in shares of Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Hazlett Burt & Watson Inc. grew its stake in shares of Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its stake in shares of Snowflake by 252.2% in the 3rd quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SNOW shares. Stifel Nicolaus upped their price objective on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Sanford C. Bernstein upped their price target on shares of Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research report on Thursday, May 28th. DA Davidson increased their price target on Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Canaccord Genuity Group lifted their price objective on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, UBS Group upped their target price on Snowflake from $210.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $284.38.

Get Our Latest Report on Snowflake

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake unveiled a broad set of new AI, governance, and interoperability features at Snowflake Summit 26, highlighting continued product momentum and deeper enterprise adoption. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise Snowflake Pioneers New Open Framework for Interoperable Enterprise Data and AI
Positive Sentiment: Snowflake and Anthropic said their partnership is gaining momentum as enterprises adopt Claude within Snowflake Cortex AI, supporting the company’s AI monetization story. Snowflake and Anthropic Accelerate Enterprise AI Adoption Driven by Rising Demand for Governed AI
Positive Sentiment: Major enterprises including Thomson Reuters and Sanofi announced deeper use of Snowflake for governed, production-ready AI, underscoring real customer demand. Thomson Reuters Powers Trusted Enterprise AI at Scale on Snowflake Sanofi Chooses Snowflake to Accelerate its AI-Powered Drug Development
Positive Sentiment: Multiple ecosystem partners launched or expanded products on Snowflake Marketplace, suggesting a growing platform effect around Snowflake’s data cloud. Redpoint Launches Identity Studio on Snowflake Marketplace Trust3 AI Announces Integration with Snowflake to Govern MCP-Based Data Access and Accelerate Trusted Enterprise AI
Neutral Sentiment: Snowflake received a series of partner-of-the-year awards across services and product categories at Summit 26, which is supportive but mostly reinforces existing ecosystem strength rather than changing fundamentals immediately. NIQ Named 2026 Retail & Consumer Goods Snowflake Product Partner of the Year dbt Labs Named Snowflake Data Integration Product Partner of the Year
Negative Sentiment: Recent insider sales by directors Frank Slootman and Mark Garrett could be seen as a modest headwind, even though the trades were disclosed and may have been pre-planned. Snowflake (NYSE:SNOW) Director Frank Slootman Sells 437,076 Shares of Stock Snowflake (NYSE:SNOW) Director Mark Garrett Sells 100,000 Shares of Stock

Snowflake Stock Down 6.7%

Shares of NYSE SNOW opened at $261.29 on Wednesday. The firm has a market cap of $90.33 billion, a PE ratio of -74.23 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The company’s fifty day simple moving average is $158.80 and its 200 day simple moving average is $190.47. The company has a quick ratio of 1.30, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings data 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. 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 50.50%. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 earnings per share. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This trade represents a 91.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 50,338 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the sale, the director owned 30,236 shares of the company’s stock, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,416,489 shares of company stock valued at $310,023,119. 4.80% of the stock is owned by company insiders.

Snowflake Company Profile

(Free Report)

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.