Snowflake Inc. $SNOW Position Increased by MGO One Seven LLC

MGO One Seven LLC increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 231.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,165 shares of the company’s stock after purchasing an additional 5,004 shares during the period. MGO One Seven LLC’s holdings in Snowflake were worth $2,433,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. OMERS ADMINISTRATION Corp increased its stake in Snowflake by 4,284.3% in the first quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock valued at $105,013,000 after purchasing an additional 680,397 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after buying an additional 544,960 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Snowflake by 76.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after buying an additional 509,230 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after buying an additional 453,342 shares during the period. Finally, Swedbank AB grew its holdings in shares of Snowflake by 24.0% during the first quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after buying an additional 319,356 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced AI tools focused on trusted business context, governance and autonomous data engineering. Business Ontology and expanded CoCo and CoWork capabilities are designed to help AI agents act on enterprise data and automate recurring pipeline work—potentially strengthening Snowflake’s AI offering and customer appeal. Snowflake CoCo and CoWork announcement AI context and governance announcement
• Positive Sentiment: Snowflake also announced USA Cycling will use its platform to bring together training and race data ahead of the LA28 Games. The deal offers a customer-validation point, though its near-term financial contribution was not disclosed. USA Cycling partnership
• Neutral Sentiment: The company is scheduled to report fiscal third-quarter 2027 results after the market closes on December 2, which could provide a clearer read on demand and the commercial impact of its AI initiatives. Earnings date announcement
• Negative Sentiment: Recent trading has been pressured by weakness across software stocks, amid concerns about major technology companies’ AI spending and a ServiceNow miss. Snowflake was reported down sharply over the prior week, while a Seeking Alpha rating downgrade adds to skepticism about the payoff from its AI strategy. Recent software-sector pressure Analyst downgrade

Analyst Ratings Changes

Several research firms have commented on SNOW. Phillip Securities downgraded Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, October 12th. Yorkville Ives started coverage on Snowflake in a research note on Monday, October 5th. They issued an “outperform” rating and a $400.00 target price on the stock. Piper Sandler reiterated an “overweight” rating and issued a $450.00 target price (up from $320.00) on shares of Snowflake in a research note on Thursday, September 3rd. Weiss Ratings reissued a “sell (e+)” rating on shares of Snowflake in a report on Tuesday, September 8th. Finally, Robert W. Baird set a $450.00 target price on 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 assigned a Sell rating to the company. According to MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $413.87.

Snowflake Stock Up 1.5%

Shares of NYSE:SNOW opened at $294.96 on Wednesday. The company has a market cap of $104.06 billion, a price-to-earnings ratio of -92.76 and a beta of 1.32. The firm’s 50-day simple moving average is $330.47 and its 200-day simple moving average is $240.60. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. As a group, equities research analysts predict that Snowflake Inc. will post -1.42 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was 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 directly owned 313,738 shares of the company’s stock, valued at approximately $107,163,488.66. This represents a 4.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of the firm’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $316.43, for a total value of $94,929,000.00. Following the completion of the sale, the director directly owned 19,024 shares of the company’s stock, valued at $6,019,764.32. This represents a 94.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,206,443 shares of company stock worth $396,866,828 in the last three months. Company insiders own 4.80% of the company’s stock.

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.