Snowflake Inc. $SNOW Stock Holdings Lifted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Snowflake Inc. (NYSE:SNOW) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,472 shares of the company’s stock after buying an additional 1,987 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Snowflake were worth $20,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Basecamp Wealth Advisors LLC raised its holdings in shares of Snowflake by 140.5% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after buying an additional 118 shares during the period. Emerald Advisers LLC lifted its position in Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Mather Group LLC. lifted its position in Snowflake by 98.0% during the 3rd quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after acquiring an additional 50 shares in the last quarter. Ninety One UK Ltd purchased a new position in Snowflake in the 3rd quarter worth approximately $36,000. Finally, Global Assets Advisory LLC purchased a new position in Snowflake in the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SNOW shares. Raymond James Financial increased their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Royal Bank Of Canada boosted their target price on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Barclays boosted their target price on shares of Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Argus upped their target price on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, September 4th. Finally, UBS Group raised their price target on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Thirty-six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake Trading Up 1.3%

NYSE:SNOW opened at $319.56 on Wednesday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. Snowflake Inc. has a one year low of $118.30 and a one year high of $384.56. The business’s 50-day simple moving average is $332.54 and its 200 day simple moving average is $257.95. The stock has a market cap of $112.74 billion, a price-to-earnings ratio of -100.49 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $0.35 earnings per share. Snowflake’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, sell-side analysts predict that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the transaction, the executive vice president directly owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $324.06, for a total transaction of $16,312,532.28. Following the sale, the director directly owned 26,036 shares of the company’s stock, valued at $8,437,226.16. The trade was a 65.91% 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. In the last 90 days, insiders have sold 946,429 shares of company stock valued at $313,903,628. Corporate insiders own 4.80% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s consumption-based cloud data platform continues to benefit from AI adoption. The company’s revenue recently grew 35% year over year to $1.55 billion, exceeding analyst expectations, while adjusted earnings also surpassed estimates. Its partnerships and collaborations around secure data movement, sovereign AI and government workloads could create additional demand for Snowflake’s platform. Snowflake Grows Revenue 35% and Still Loses Money on Every Dollar
• Positive Sentiment: Broader optimism about the AI infrastructure spending cycle is supporting Snowflake’s investment narrative. Technology analyst Dan Ives argued that the AI buildout remains in its early stages, with Snowflake among the companies positioned to benefit as enterprises direct more spending toward data, computing and AI applications. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Recent commentary highlights Snowflake’s strong market performance and the possibility of further gains ahead of its next earnings report. However, these are largely market outlooks and price predictions rather than new company fundamentals. Price Prediction: Snowflake Will Hit $400 on This Date
• Negative Sentiment: Investors remain concerned that Snowflake still loses money despite rapid revenue growth. The company has a negative net margin and negative return on equity, while its elevated valuation leaves less room for disappointing consumption trends, weaker AI spending or cautious corporate budgets. Comparisons with more profitable technology companies also expose Snowflake’s ongoing path to sustained earnings as a risk. UiPath vs. Snowflake: Which Technology Stock Is a Better Buy?

Snowflake Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.