Swedbank AB Grows Stock Position in Snowflake Inc. $SNOW

Swedbank AB boosted its position in shares of Snowflake Inc. (NYSE:SNOW) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,254,996 shares of the company’s stock after buying an additional 110,447 shares during the quarter. Swedbank AB’s holdings in Snowflake were worth $283,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SNOW. Trust Co. of Toledo NA OH purchased a new position in shares of Snowflake during the 2nd quarter worth about $25,000. Avion Wealth raised its position in Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after purchasing an additional 49 shares during the period. Rossby Financial LCC lifted its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. Whittier Trust Co. lifted its stake in Snowflake by 149.1% in the second quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 82 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in shares of Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after buying an additional 121 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SNOW. BTIG Research reiterated a “buy” rating and issued a $312.00 price target on shares of Snowflake in a report on Thursday, December 4th. Rosenblatt Securities upped their price objective on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Monday, December 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, October 8th. Citigroup decreased their target price on Snowflake from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Snowflake from $225.00 to $255.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $275.32.

Snowflake Stock Performance

Shares of Snowflake stock opened at $225.12 on Wednesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock’s fifty day moving average price is $247.00 and its 200-day moving average price is $228.14. The firm has a market cap of $77.04 billion, a P/E ratio of -55.72 and a beta of 1.09. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 1,072 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $223.63, for a total value of $239,731.36. Following the completion of the transaction, the chief accounting officer owned 43,809 shares of the company’s stock, valued at $9,797,006.67. The trade was a 2.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 423,681 shares of company stock worth $98,164,051 over the last quarter. 6.80% of the stock is currently owned by company insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI demand is accelerating — reports say AI now drives roughly half of bookings and Snowflake hit an early $100M AI run rate, implying faster usage‑based revenue growth. Read More.
• Positive Sentiment: Accenture partnership — a commercial tie‑up to scale AI + data solutions that can accelerate enterprise adoption and consumption of the Snowflake platform. Read More.
• Positive Sentiment: Possible acquisition of Observe Inc. (~$1B) — reported talks to buy an app‑monitoring/observability company would extend Snowflake’s platform into monitoring/observability, potentially boosting product breadth and customer stickiness. Read More.
• Positive Sentiment: Bullish research and analyst support — several bullish notes and initiation/target increases reinforce conviction that Snowflake’s addressable market and retention metrics justify upside over time. Read More.
• Neutral Sentiment: Price forecasts and narrative pieces — multi‑year price predictions and coverage summarizing volatility are circulating but add limited new fundamental information. Read More.
• Neutral Sentiment: Non‑market/feature articles (science pieces, explainers) are being shared widely but have little direct stock impact. Read More.
• Negative Sentiment: Large insider sale — Director Frank Slootman sold 200,000 shares (~$44.4M at ~$221.83), cutting his direct holding sharply; such a large, visible sale can trigger short‑term selling or investor caution. Read More.
• Negative Sentiment: Other insider sales — EVP Christian Kleinerman (4,755 shares) and CAO Emily Ho (multiple small lots) sold stock recently; the cluster of director/executive sales amplifies perception of insider distribution. Read More. • Read More.

Snowflake 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.