DNB Asset Management AS Grows Position in Snowflake Inc. $SNOW

DNB Asset Management AS grew its stake in Snowflake Inc. (NYSE:SNOW) by 121.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,374 shares of the company’s stock after acquiring an additional 70,964 shares during the quarter. DNB Asset Management AS’s holdings in Snowflake were worth $29,180,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake in the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of Snowflake during the third quarter worth about $28,000. SJS Investment Consulting Inc. raised its position in shares of Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the last quarter. Golden State Wealth Management LLC lifted its stake 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. Finally, Root Financial Partners LLC acquired a new stake in Snowflake during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the completion of the sale, the director owned 23,718 shares in the company, valued at approximately $3,918,687.96. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total value of $17,691,000.00. Following the sale, the director owned 50,329 shares in the company, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 713,681 shares of company stock valued at $148,264,518 in the last 90 days. 6.80% of the stock is currently owned by company insiders.

Snowflake Trading Down 2.7%

NYSE SNOW opened at $168.42 on Friday. The firm has a market capitalization of $57.63 billion, a price-to-earnings ratio of -42.64 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The company’s 50 day moving average price is $198.95 and its 200 day moving average price is $222.58.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on SNOW shares. Truist Financial lowered their target price on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday. Evercore lifted their price objective on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Barclays decreased their price target on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Monness Crespi & Hardt upped their price objective on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

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.