Fideuram Asset Management Ireland dac Acquires Shares of 68,989 Snowflake Inc. $SNOW

Fideuram Asset Management Ireland dac acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 68,989 shares of the company’s stock, valued at approximately $15,767,000. Snowflake makes up approximately 1.2% of Fideuram Asset Management Ireland dac’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in Snowflake by 73.7% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,733 shares of the company’s stock valued at $600,000 after buying an additional 1,160 shares in the last quarter. Concord Investment Counsel Inc. purchased a new position in Snowflake in the fourth quarter valued at $2,786,000. National Pension Service increased its holdings in Snowflake by 5.2% in the fourth quarter. National Pension Service now owns 655,686 shares of the company’s stock valued at $143,831,000 after buying an additional 32,325 shares in the last quarter. Operose Advisors LLC increased its holdings in Snowflake by 9.9% in the fourth quarter. Operose Advisors LLC now owns 956 shares of the company’s stock valued at $210,000 after buying an additional 86 shares in the last quarter. Finally, Garde Capital Inc. increased its holdings in Snowflake by 249.6% in the fourth quarter. Garde Capital Inc. now owns 12,431 shares of the company’s stock valued at $2,727,000 after buying an additional 8,875 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

NYSE:SNOW opened at $239.22 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm 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 is $155.03 and its two-hundred day moving average is $190.49. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67.

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

Insiders Place Their Bets

In other news, SVP Vivek Raghunathan sold 3,876 shares of the business’s stock in a transaction that occurred 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 directly owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 55,350 shares of the business’s stock in a transaction that occurred 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 directly owned 38,046 shares in the company, valued at $6,715,879.92. This trade represents a 59.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 484,313 shares of company stock worth $81,766,598. Insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SNOW. Rosenblatt Securities lifted their target price on shares of Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup restated a “market outperform” rating on shares of Snowflake in a research report on Thursday. Bank of America boosted their price target on shares of Snowflake from $205.00 to $300.00 and gave the stock a “buy” 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 report on Thursday. Finally, Needham & Company LLC boosted their price target on shares of Snowflake from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.74.

More Snowflake News

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

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.