Ilmarinen Mutual Pension Insurance Co Lowers Stock Position in Snowflake Inc. $SNOW

Ilmarinen Mutual Pension Insurance Co reduced its stake in Snowflake Inc. (NYSE:SNOW) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,308 shares of the company’s stock after selling 2,632 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Snowflake were worth $13,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SNOW. Brighton Jones LLC raised its stake in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC raised its stake in Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in Snowflake in the second quarter valued at approximately $221,000. Finally, The Manufacturers Life Insurance Company raised its stake in Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after purchasing an additional 1,521 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake 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 sale, the senior vice president owned 273,323 shares in the company, valued at $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 55,350 shares of Snowflake stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $176.52, for a total transaction of $9,770,382.00. Following the completion of the sale, the director owned 38,046 shares in the company, valued at approximately $6,715,879.92. This trade represents a 59.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $81,766,598 over the last quarter. 4.80% of the stock is owned by company insiders.

Snowflake Stock Up 36.5%

Shares of Snowflake stock opened at $239.22 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67. The stock has a market capitalization of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08. The company’s 50 day moving average price is $155.03 and its 200-day moving average price is $190.49.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake Inc. will post -2.16 EPS for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Wall Street Analyst Weigh In

A number of research analysts have commented on SNOW shares. Oppenheimer increased their price target on shares of Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday. Monness Crespi & Hardt boosted their price target on shares of Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank reissued an “outperform” rating on shares of Snowflake in a research note on Thursday. Benchmark boosted their price target on shares of Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $325.00 price target on shares of Snowflake in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $283.74.

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.