Swedbank AB Buys 110,447 Shares of Snowflake Inc. $SNOW

Swedbank AB raised its stake in shares of Snowflake Inc. (NYSE:SNOW) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,254,996 shares of the company’s stock after purchasing an additional 110,447 shares during the period. Swedbank AB owned 0.37% of Snowflake worth $283,064,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rosenblatt Securities increased their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. KeyCorp upped their target price on shares of Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Barclays boosted their price objective on Snowflake from $219.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. increased their target price on Snowflake from $225.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group lifted their target price on Snowflake from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $275.32.

Snowflake Stock Performance

NYSE:SNOW opened at $225.12 on Wednesday. The company has a market cap of $77.04 billion, a price-to-earnings ratio of -55.72 and a beta of 1.09. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The stock’s 50 day simple moving average is $247.00 and its two-hundred day simple moving average is $228.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

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

Key Headlines Impacting Snowflake

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.

Insider Buying and Selling at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $257.30, for a total value of $12,951,967.40. Following the completion of the transaction, the director owned 33,596 shares of the company’s stock, valued at approximately $8,644,250.80. This trade represents a 59.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated 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 completion of the transaction, 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 have sold 423,681 shares of company stock worth $98,164,051 over the last three months. 6.80% of the stock is owned by company insiders.

About Snowflake

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.