Avanza Fonder AB Has $5.89 Million Holdings in Snowflake Inc. $SNOW

Avanza Fonder AB increased its holdings in Snowflake Inc. (NYSE:SNOW) by 27.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,102 shares of the company’s stock after buying an additional 5,568 shares during the period. Avanza Fonder AB’s holdings in Snowflake were worth $5,887,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SNOW. Trust Co. of Toledo NA OH bought a new position in shares of Snowflake in the second quarter worth $25,000. Avion Wealth boosted its position in shares of Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after acquiring an additional 49 shares in the last quarter. Rossby Financial LCC raised its position in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares in the last quarter. Whittier Trust Co. lifted its stake in Snowflake by 149.1% during the second quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 82 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its stake in Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Snowflake from $310.00 to $300.00 and set a “buy” rating on the stock in a research report on Monday, December 8th. KeyCorp upped their price objective on shares of Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Wells Fargo & Company raised their price objective on Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $280.00 target price on shares of Snowflake in a report on Thursday, December 4th. Finally, The Goldman Sachs Group lifted their price target on Snowflake from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $275.32.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at approximately $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $230.65, for a total transaction of $92,951.95. Following the transaction, the director owned 24,524 shares in the company, valued at $5,656,460.60. This represents a 1.62% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 423,681 shares of company stock valued at $98,164,051. Company insiders own 6.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is reportedly in talks to acquire observability/app‑monitoring startup Observe for about $1 billion to deepen its AI and observability capabilities — a deal that would accelerate Snowflake’s push into AI‑driven, usage‑based revenue. Read More.
• Positive Sentiment: Analyst coverage remains constructive: Snowflake has a consensus “Moderate Buy,” which supports investor expectations for continued growth and underpins upside potential if AI adoption keeps accelerating. Read More.
• Neutral Sentiment: Quarterly/sector context — broader writeups comparing Snowflake to other data/storage names revisit Q3 results and AI demand drivers; useful context but no new company guidance. Read More.
• Negative Sentiment: Large insider sale by Frank Slootman: the director sold 200,000 shares (public filings), a transaction large enough to create short‑term selling pressure or raise investor questions about timing. Read More.
• Negative Sentiment: EVP Christian Kleinerman sold 4,755 shares (~$1.07M), another insider disposal that adds to the impression of distribution even if smaller in size. Read More.
• Negative Sentiment: CAO Emily Ho sold 1,072 shares (and has sold other lots recently) — multiple insider sales this week amplify caution around near‑term selling pressure. Read More.

Snowflake Price Performance

SNOW stock opened at $221.63 on Friday. The firm has a market cap of $75.84 billion, a price-to-earnings ratio of -54.86 and a beta of 1.09. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The company’s fifty day simple moving average is $246.24 and its 200 day simple moving average is $228.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the business posted $0.20 EPS. The business’s revenue was up 28.7% compared to the same quarter last year. On average, analysts expect that Snowflake Inc. will post -2.36 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.