Advisors Asset Management Inc. Has $2.84 Million Position in Snowflake Inc. $SNOW

Advisors Asset Management Inc. grew its holdings in Snowflake Inc. (NYSE:SNOW) by 36.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,608 shares of the company’s stock after purchasing an additional 3,396 shares during the quarter. Advisors Asset Management Inc.’s holdings in Snowflake were worth $2,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its position in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after buying an additional 29,320 shares during the period. Intech Investment Management LLC boosted its stake in Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Snowflake in the second quarter worth $271,000. Finally, MGO One Seven LLC increased its stake in Snowflake by 14.9% in the second quarter. MGO One Seven LLC now owns 2,797 shares of the company’s stock valued at $626,000 after purchasing an additional 362 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 613,681 shares of company stock worth $130,573,518 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Deepened OpenAI tie-up and new AI tools — market reacted strongly to the expanded OpenAI relationship and product announcements that position Snowflake as a platform for enterprise AI agents. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Deal frames enterprise AI agent opportunity — coverage explains how the OpenAI tie-up could accelerate adoption of AI agents on Snowflake’s data cloud. Snowflake OpenAI Deal Puts Enterprise AI Agents At Center Stage
• Positive Sentiment: Analysts reaffirm bullish view on Snowflake’s AI strategy — analyst commentary supports the market’s positive reaction and may sustain increased investor interest. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: New commercial partnership with U.S. Figure Skating — expands Snowflake’s vertical use cases (athlete performance, fan engagement) and showcases go-to-market momentum. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Notable buy by CNBC’s Amy Raskin — publicized insider/portfolio manager buying can be read as a vote of confidence. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Neutral Sentiment: Street rating remains constructive but measured — analysts give an average “Moderate Buy” rating, indicating continued conviction but not unanimous enthusiasm. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Negative Sentiment: Johnson Fistel launches securities probe — law firm soliciting shareholders about potential claims could increase legal overhang and investor uncertainty. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz begins investor investigation — a second law firm action raises the risk of litigation costs and management distraction. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
• Negative Sentiment: Recent share pullback noted by market commentary — short-term volatility and a recent decline vs. the market are reminders of execution and sentiment risks. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note

Snowflake Price Performance

SNOW opened at $182.37 on Friday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. 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 company has a market capitalization of $62.41 billion, a price-to-earnings ratio of -45.14 and a beta of 1.14. The firm’s fifty day moving average price is $208.60 and its two-hundred day moving average price is $225.16.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm earned $0.20 earnings per share. The firm’s revenue was up 28.7% on a year-over-year basis. As a group, analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SNOW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a research note on Wednesday. Bank of America raised their price objective on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Canaccord Genuity Group boosted their price objective on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, BTIG Research reaffirmed a “buy” rating and set a $312.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $274.68.

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.