North Dakota State Investment Board Takes Position in Snowflake Inc. $SNOW

North Dakota State Investment Board purchased a new stake in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, Holdings Channel reports. The firm purchased 15,931 shares of the company’s stock, valued at approximately $3,495,000.

A number of other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Jennison Associates LLC grew its position in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. American Century Companies Inc. grew its position in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after buying an additional 1,473,354 shares during the last quarter. Northern Trust Corp grew its position in shares of Snowflake by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,089,150 shares of the company’s stock valued at $471,208,000 after buying an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC bought a new stake in shares of Snowflake during the 3rd quarter valued at about $441,277,000. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

Snowflake Price Performance

NYSE SNOW opened at $157.57 on Monday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The stock has a market cap of $54.47 billion, a price-to-earnings ratio of -39.89 and a beta of 1.08. The company has a 50-day moving average price of $155.02 and a two-hundred day moving average price of $196.25.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts forecast that Snowflake Inc. will post -2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of recent research reports. UBS Group lowered their price objective on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. BTIG Research lowered their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Evercore set a $200.00 price objective on Snowflake in a research note on Tuesday, April 14th. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a research note on Wednesday, February 11th. Finally, Sanford C. Bernstein lowered their price objective on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $242.19.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. This represents a 66.52% 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, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the transaction, the senior vice president owned 273,323 shares of the company’s stock, valued at $41,763,754.40. This trade represents a 1.40% 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. In the last ninety days, insiders sold 384,313 shares of company stock worth $64,308,373. 6.80% of the stock is owned by company insiders.

About Snowflake

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.