Mirae Asset Global Investments Co. Ltd. Purchases 27,206 Shares of Snowflake Inc. $SNOW

Mirae Asset Global Investments Co. Ltd. boosted its position in Snowflake Inc. (NYSE:SNOW) by 51.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 79,977 shares of the company’s stock after purchasing an additional 27,206 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Snowflake were worth $18,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SNOW. Brighton Jones LLC increased its holdings in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the period. Capital Investment Advisors LLC lifted its stake in shares of Snowflake by 5.6% during the 2nd quarter. Capital Investment Advisors LLC now owns 3,279 shares of the company’s stock valued at $734,000 after buying an additional 173 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Snowflake by 8.8% during the 2nd quarter. Truist Financial Corp now owns 54,137 shares of the company’s stock valued at $12,114,000 after buying an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Rosenblatt Securities lifted their price objective on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Monday, December 1st. Piper Sandler reiterated an “overweight” rating and issued a $285.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Macquarie boosted their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Scotiabank reaffirmed an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Finally, UBS Group reissued a “buy” rating on shares of Snowflake in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Trading Down 3.4%

Shares of SNOW opened at $192.66 on Friday. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a market capitalization of $65.93 billion, a P/E ratio of -47.69 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50 day simple moving average is $223.34 and its 200 day simple moving average is $227.90.

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

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares in the company, valued at $127,871,648.50. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This trade represents a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 613,681 shares of company stock valued at $136,052,145 over the last ninety days. 6.80% of the stock is currently owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long‑term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI‑driven energy operations, reinforcing go‑to‑market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer‑term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

Snowflake Company 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.