Snowflake Inc. $SNOW Stock: Simplicity Wealth LLC Raises Holdings

Simplicity Wealth LLC raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 93.9% in the third quarter, HoldingsChannel reports. The fund owned 3,346 shares of the company’s stock after acquiring an additional 1,620 shares during the period. Simplicity Wealth LLC’s holdings in Snowflake were worth $1,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC grew its position in shares of Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after purchasing an additional 544,960 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after purchasing an additional 453,342 shares during the period. Swedbank AB lifted its holdings in Snowflake by 24.0% during the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after purchasing an additional 319,356 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Snowflake by 76.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after purchasing an additional 509,230 shares during the last quarter. Finally, National Pension Service lifted its holdings in Snowflake by 3.3% during the 2nd quarter. National Pension Service now owns 690,349 shares of the company’s stock worth $175,694,000 after purchasing an additional 21,915 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle partnership expands distribution: Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure. The integration gives enterprise customers more flexibility to deploy data and AI workloads and could broaden Snowflake’s reach and usage. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the primary catalyst: Rising customer adoption, AI-driven growth and an upbeat fiscal 2027 outlook are supporting the view that Snowflake can compete effectively with larger cloud and infrastructure companies such as Broadcom and Oracle. Snowflake also claims its AI model-routing technology can improve token efficiency. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion and ecosystem activity: Snowflake announced a projected $300 million investment in Saudi Arabia operations, while third-party applications such as Jade Global’s OmniLens AI and Optimove’s zero-copy audience tools are expanding use cases on the Snowflake platform. These developments may support future workloads and customer retention. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst sentiment is supportive but not conclusive: The average analyst price target implies approximately 28% upside, and some strategists prefer Snowflake among AI-related software names. However, consensus targets and brokerage recommendations are imperfect indicators and may already be reflected in the recent rally. How Much Upside is Left in Snowflake
• Negative Sentiment: Valuation and insider selling warrant caution: Despite improved growth expectations, Snowflake remains unprofitable on a trailing basis, and reports of insider share sales could weigh on sentiment. The stock also trades near the upper end of its 12-month range, leaving it sensitive to any slowdown in AI demand or weaker guidance. Insiders Are Selling These 5 AI Stocks

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SNOW. Piper Sandler restated an “overweight” rating and issued a $450.00 price target (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. JPMorgan Chase & Co. lifted their target price on Snowflake from $285.00 to $426.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Benchmark boosted their target price on shares of Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Argus upped their price target on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Finally, Rosenblatt Securities raised their price target on shares of Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake Price Performance

SNOW stock opened at $337.55 on Wednesday. The company’s 50-day moving average price is $331.81 and its two-hundred day moving average price is $238.20. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $344.00, for a total value of $17,316,272.00. Following the transaction, the director owned 24,356 shares in the company, valued at approximately $8,378,464. This trade represents a 67.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $341.57, for a total value of $5,123,550.00. Following the transaction, the executive vice president directly owned 313,738 shares of the company’s stock, valued at $107,163,488.66. This trade represents a 4.56% 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. Over the last ninety days, insiders sold 1,246,429 shares of company stock valued at $408,832,628. Corporate insiders own 4.80% of the company’s stock.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.