137,776 Shares in Snowflake Inc. $SNOW Purchased by Nykredit A S

Nykredit A S acquired a new stake in Snowflake Inc. (NYSE:SNOW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 137,776 shares of the company’s stock, valued at approximately $35,064,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC raised its position in Snowflake by 27.8% during the second quarter. Tsfg LLC now owns 230 shares of the company’s stock worth $59,000 after acquiring an additional 50 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Snowflake by 4.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after buying an additional 60 shares in the last quarter. Great Valley Advisor Group Inc. lifted its stake in Snowflake by 4.4% in the 4th quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after buying an additional 60 shares in the last quarter. LRI Investments LLC grew its holdings in Snowflake by 4.5% during the 4th quarter. LRI Investments LLC now owns 1,437 shares of the company’s stock valued at $315,000 after buying an additional 62 shares during the last quarter. Finally, First Manhattan CO. LLC. grew its holdings in Snowflake by 6.7% during the 4th quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock valued at $224,000 after buying an additional 64 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. KeyCorp raised their price target on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. BTIG Research increased their price objective on Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research note on Thursday. UBS Group lifted their price objective on Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital lifted their price objective on Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Barclays boosted their target price on shares of Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a research note on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $410.19.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong earnings beat and accelerating growth: Snowflake reported adjusted earnings of $0.62 per share, ahead of the $0.45 consensus estimate, while revenue rose 35.1% year over year to $1.55 billion, topping the $1.48 billion forecast. Product revenue increased 37% to approximately $1.49 billion. Snowflake spikes on healthy results and AI coding momentum
• Positive Sentiment: AI demand is becoming a growth catalyst: Management said AI contributed about half of the company’s outperformance, with adoption of its CoCo AI coding agent adding more than 2,000 accounts. Broad-based demand across customers, workloads and geographies further strengthened the growth outlook. Snowflake Stock Soars as Surging AI Demand Boosts Earnings
• Positive Sentiment: Raised guidance: Snowflake lifted fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion, signaling that cloud consumption and AI-related demand are exceeding prior expectations. The company also remains on track to reach break-even next year, according to CEO Sridhar Ramaswamy.
• Positive Sentiment: Analysts turned more bullish: JPMorgan, UBS, Citi, TD Cowen, Bank of America and several other firms raised price targets, with targets reaching as high as $500 and ratings including Buy, Overweight and Market Outperform. Wall Street analyst views

Insider Buying and Selling

In other news, Director Frank Slootman sold 289,685 shares of the company’s stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the transaction, the director owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This represents a 91.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,131,160 shares of company stock worth $317,966,701. 4.80% of the stock is owned by company insiders.

Snowflake Trading Up 16.7%

Shares of Snowflake stock opened at $356.78 on Friday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The firm has a market cap of $123.66 billion, a PE ratio of -112.19 and a beta of 1.33. The business’s fifty day moving average is $295.85 and its two-hundred day moving average is $219.50. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data 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 business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 47.20% and a negative net margin of 20.07%.The business’s revenue was up 35.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 earnings per share. Analysts anticipate that Snowflake Inc. will post -1.81 earnings per share for the current year.

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.