Snowflake Inc. $SNOW Stock Holdings Trimmed by Robeco Schweiz AG

Robeco Schweiz AG trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 57.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,400 shares of the company’s stock after selling 41,100 shares during the period. Robeco Schweiz AG’s holdings in Snowflake were worth $10,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SNOW. Silicon Valley Capital Partners boosted its holdings in Snowflake by 15.2% in the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after purchasing an additional 8,208 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Snowflake during the second quarter worth approximately $1,399,000. Janney Montgomery Scott LLC lifted its position in shares of Snowflake by 105.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after buying an additional 47,601 shares during the last quarter. Diversify Wealth Management LLC lifted its position in shares of Snowflake by 395.3% during the 1st quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock worth $17,371,000 after buying an additional 98,172 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Snowflake by 7.1% during the 1st quarter. Swiss National Bank now owns 944,600 shares of the company’s stock worth $142,465,000 after buying an additional 62,600 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several research analyst reports. Bank of America upped their target price on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Raymond James Financial lifted their price target on shares of Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. UBS Group boosted their price target on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Yorkville Ives began coverage on shares of Snowflake in a research note on Monday, October 5th. They issued an “outperform” rating and a $400.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $450.00 price objective (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Thirty-six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $413.87.

Insider Transactions at Snowflake

In other Snowflake news, CRO Jonathan Beaulier sold 755 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the transaction, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This trade represents a 0.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $341.57, for a total transaction of $5,123,550.00. Following the completion of the transaction, the executive vice president owned 313,738 shares in the company, valued at approximately $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. 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. Insiders have sold 1,246,429 shares of company stock worth $408,832,628 over the last 90 days. Company insiders own 4.80% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

Snowflake Price Performance

SNOW stock opened at $325.26 on Friday. The company has a market capitalization of $114.75 billion, a P/E ratio of -102.28 and a beta of 1.35. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $384.56. The business has a 50 day simple moving average of $331.76 and a 200-day simple moving average of $260.74. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. As a group, equities analysts anticipate that Snowflake Inc. will post -1.44 EPS for the current year.

About Snowflake

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.