Resona Asset Management Co. Ltd. Sells 3,159 Shares of Snowflake Inc. $SNOW

Resona Asset Management Co. Ltd. trimmed its position in shares of Snowflake Inc. (NYSE:SNOW) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,853 shares of the company’s stock after selling 3,159 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Snowflake were worth $20,196,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. boosted its holdings in Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares during the period. Diligent Investors LLC lifted its stake in shares of Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the period. Hazlett Burt & Watson Inc. lifted 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 valued at $36,000 after buying an additional 49 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Snowflake by 10.0% in the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after buying an additional 50 shares during the period. Finally, HHM Wealth Advisors LLC lifted 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 valued at $33,000 after buying an additional 50 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

NYSE:SNOW opened at $169.36 on Wednesday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The firm has a 50 day moving average of $154.54 and a 200-day moving average of $194.81. 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 P/E ratio of -42.88 and a beta of 1.08.

Snowflake (NYSE:SNOW) last posted 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 company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $325.00 target price on shares of Snowflake in a research note on Tuesday. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Sanford C. Bernstein reduced their target price on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. Finally, Piper Sandler reduced their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” 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 issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $242.19.

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

Insider Activity

In other news, Director Frank Slootman sold 88,701 shares of Snowflake stock in a transaction that occurred 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 completion of the transaction, the director owned 38,046 shares in the company, valued at approximately $6,693,432.78. The trade was a 69.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, March 2nd. The shares were 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 owned 510,477 shares of the company’s stock, valued at $84,233,809.77. This trade represents a 1.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 284,313 shares of company stock worth $46,617,373. 6.80% of the stock is currently owned by insiders.

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.