SBI Okasan Asset Management Co.Ltd. Purchases Shares of 6,090 Snowflake Inc. $SNOW

SBI Okasan Asset Management Co.Ltd. purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 6,090 shares of the company’s stock, valued at approximately $1,357,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares during the last quarter. Jennison Associates LLC raised its holdings in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. Geode Capital Management LLC raised its holdings in Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock valued at $1,052,195,000 after acquiring an additional 249,668 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Snowflake by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,089,150 shares of the company’s stock worth $471,208,000 after buying an additional 55,683 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Up 36.5%

Shares of Snowflake stock opened at $239.22 on Friday. The company has a fifty day moving average price of $155.03 and a 200 day moving average price of $190.49. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67. The stock has a market cap of $82.70 billion, a price-to-earnings ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the company earned $0.24 EPS. The firm’s revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat expectations, reporting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales up 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued demand for its cloud data and AI offerings. Article Title
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, tied to Graviton processors and AI infrastructure, which investors view as a major growth catalyst for enterprise agentic AI adoption. Article Title
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets, reflecting confidence that AI demand and the AWS deal could support further upside. Article Title
• Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents, another sign it is building out its AI platform. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; while noteworthy, it does not appear tied to the operating outlook. Article Title

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald upped their price objective on Snowflake from $225.00 to $282.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC upped their price objective on Snowflake from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Citizens Jmp restated a “market outperform” rating and set a $325.00 price objective on shares of Snowflake in a report on Tuesday, May 19th. JPMorgan Chase & Co. upped their price objective on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, HSBC set a $289.00 price objective on Snowflake and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.74.

Insider Activity

In related news, CAO Emily Ho sold 2,141 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the sale, the chief accounting officer directly owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 2,621 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 484,313 shares of company stock worth $81,766,598 in the last quarter. Insiders own 4.80% of the company’s stock.

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.