Snowflake Inc. $SNOW Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 20.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 378,161 shares of the company’s stock after acquiring an additional 65,043 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Snowflake were worth $82,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after buying an additional 98,870 shares during the last quarter. Jennison Associates LLC grew its stake in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. William Blair Investment Management LLC bought a new position in Snowflake during the 3rd quarter worth $116,882,000. Penserra Capital Management LLC grew its stake in Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after buying an additional 37,911 shares during the last quarter. Finally, Swedbank AB grew its stake in Snowflake by 6.0% during the 4th quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock worth $291,840,000 after buying an additional 75,419 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the completion of the transaction, the executive vice president owned 510,477 shares of the company’s stock, valued at approximately $84,233,809.77. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 400,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $233.42, for a total value of $93,368,000.00. Following the completion of the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $8,880,697.32. The trade was a 91.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 889,413 shares of company stock valued at $176,342,125. 4.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. BTIG Research upped their price objective on Snowflake from $235.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. Wedbush upped their price objective on Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Thursday. Stifel Nicolaus upped their price objective on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Barclays upped their price objective on Snowflake from $192.00 to $272.00 and gave the stock an “equal weight” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $284.38.

Snowflake Trading Up 7.0%

NYSE:SNOW opened at $255.94 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The stock has a market cap of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. The business has a fifty day moving average of $156.69 and a 200-day moving average of $190.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.24 earnings per share. The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities analysts predict that Snowflake Inc. will post -2.2 earnings per share for the current year.

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.