Snowflake Inc. $SNOW Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its position in Snowflake Inc. (NYSE:SNOW) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 123,560 shares of the company’s stock after selling 5,814 shares during the quarter. DNB Asset Management AS’s holdings in Snowflake were worth $27,104,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares in the last quarter. Jennison Associates LLC lifted its stake in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. American Century Companies Inc. lifted its stake in Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares during the last quarter. Northern Trust Corp lifted its stake in Snowflake by 2.7% in the third quarter. Northern Trust Corp now owns 2,089,150 shares of the company’s stock valued at $471,208,000 after buying an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC purchased a new stake in Snowflake in the third quarter valued at approximately $441,277,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SNOW. Scotiabank reduced their price objective 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. Citigroup reduced their price objective on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. KeyCorp reduced their price objective on Snowflake from $235.00 to $200.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Piper Sandler reduced their price objective on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Raymond James Financial restated an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $242.19.

Snowflake Stock Up 4.5%

Snowflake stock opened at $157.57 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. The firm has a market capitalization of $54.47 billion, a price-to-earnings ratio of -39.89 and a beta of 1.08. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The stock’s fifty day moving average is $155.02 and its two-hundred day moving average is $196.74.

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

Insider Buying and Selling at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. This trade represents a 1.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares in the company, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 384,313 shares of company stock valued at $64,308,373. 6.80% of the stock is owned by company insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock 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.