Thrivent Financial for Lutherans Purchases 43,170 Shares of Snowflake Inc. $SNOW

Thrivent Financial for Lutherans lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 4,207.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,196 shares of the company’s stock after acquiring an additional 43,170 shares during the period. Thrivent Financial for Lutherans’ holdings in Snowflake were worth $9,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SNOW. New York Life Investment Management LLC increased its position 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 valued at $931,000 after buying an additional 390 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Snowflake by 4.5% in the 4th quarter. Pinnacle Associates Ltd. now owns 65,590 shares of the company’s stock valued at $14,388,000 after buying an additional 2,815 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd increased its position in Snowflake by 58.8% in the 4th quarter. Central Asset Investments & Management Holdings HK Ltd now owns 2,461 shares of the company’s stock valued at $540,000 after buying an additional 911 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Snowflake by 40,468.2% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 598,381 shares of the company’s stock valued at $131,564,000 after buying an additional 596,906 shares in the last quarter. Finally, Fourier Capital Management Ltd bought a new stake in Snowflake in the 4th quarter valued at about $1,768,000. 65.10% of the stock is owned by institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195, kept a Buy rating, and said enterprise demand remains strong with early traction in Snowflake’s AI workflow tools. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, reinforcing Wall Street’s bullish view on Snowflake’s long-term upside. Read More
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data, which could expand Snowflake’s reach in enterprise and industrial data workflows. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Recent coverage continues to highlight Snowflake as a leading AI software name, with comparisons to other infrastructure plays keeping attention on the stock. Snowflake vs. DELL: Which AI Infrastructure Stock Has the Edge?
• Neutral Sentiment: Articles noting SNOW’s recent strength and broad AI-stock interest may be adding to momentum, but they do not add new company-specific fundamentals. Snowflake (SNOW) stock is up, what you need to know
• Negative Sentiment: Some investor commentary also points to mixed signals around AI infrastructure competition and large insider sales, which can temper enthusiasm even as analysts stay constructive. Snowflake Inc. ($SNOW) CEO 2026 Pay Revealed

Snowflake Trading Up 3.1%

NYSE:SNOW opened at $169.36 on Wednesday. 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 stock has a market capitalization of $58.55 billion, a PE ratio of -42.88 and a beta of 1.08. The firm’s 50 day moving average is $154.54 and its 200 day moving average is $194.81. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Sell-side analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current year.

Insider Activity

In other news, Director Frank Slootman sold 88,701 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $175.93, for a total value of $15,605,166.93. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at approximately $6,693,432.78. This represents a 69.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at approximately $84,233,809.77. The trade was a 1.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 284,313 shares of company stock worth $46,617,373. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNOW. Barclays cut their price target on Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Morgan Stanley cut their price target on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus set a $205.00 price target on Snowflake in a research note on Thursday, February 26th. Truist Financial set a $125.00 price target on Snowflake in a research note on Wednesday, April 15th. Finally, Scotiabank cut their price target on Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

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.