Dana Investment Advisors Inc. Purchases 33,592 Shares of Snowflake Inc. $SNOW

Dana Investment Advisors Inc. lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 82.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,104 shares of the company’s stock after purchasing an additional 33,592 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Snowflake were worth $16,714,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SNOW. Sumitomo Mitsui Trust Group Inc. grew its position in Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after purchasing an additional 8,002 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Snowflake in the second quarter worth approximately $6,845,000. Federated Hermes Inc. grew its holdings in shares of Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after buying an additional 48,411 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after acquiring an additional 37,911 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after acquiring an additional 857,832 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SNOW. Scotiabank restated an “outperform” rating on shares of Snowflake in a research note on Thursday, December 4th. BTIG Research reduced their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a report on Monday. Robert W. Baird upped their target price on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Zacks Research lowered shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Finally, Citizens Jmp boosted their price objective on shares of Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $265.63.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This represents a 79.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the senior vice president directly owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 713,681 shares of company stock worth $148,264,518 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake expanded Cortex Code CLI to support non‑Snowflake data sources (dbt, Apache Airflow), broadening its developer tooling and AI workflows — a feature that can deepen enterprise adoption. Snowflake Cortex Code Expands Towards Supporting Any Data, Anywhere
• Positive Sentiment: Customer adoption update: Wolfspeed has expanded use of Snowflake’s AI Data Cloud to unify factory, supply‑chain and enterprise data — a concrete example of industry adoption that supports Snowflake’s AI platform story. Snowflake Inc. (SNOW) Expands AI Reach With Strategic Partnerships and Industry Adoption
• Positive Sentiment: Citi told investors the recent ~30% pullback looks like an overreaction and maintained a Buy stance, signaling confidence among some sell‑side analysts in Snowflake’s longer‑term growth despite recent volatility. Citi Notes Snowflake’s (SNOW) 30% Pull Back to Be an Overreaction
• Neutral Sentiment: Earnings event: Snowflake reports fiscal Q4 results after the close on Feb. 25 — investors will focus on revenue growth, margins and forward guidance for signs of enterprise spending stabilization. What’s Going On With Snowflake Stock Monday?
• Neutral Sentiment: Pre‑earnings commentary: Several analyst writeups (Zacks, market pieces) debate buy/hold/sell positions ahead of results — increasing short‑term volatility but not changing the company’s long‑term AI narrative. Should You Buy, Sell, or Hold SNOW Stock Before Q4 Earnings Release?
• Neutral Sentiment: BTIG lowered its price target (from $312 to $235) but kept a Buy rating — a mixed signal: bullish stance but tempered near‑term expectations. SNOW – Snowflake price target lowered by at BTIG
• Negative Sentiment: Fund selling: Artisan Mid Cap Fund sold its Snowflake position citing elevated valuation — a direct signal that some institutional holders are trimming exposure. Artisan Mid Cap Fund Sold Snowflake (SNOW) Due to Elevated Valuation
• Negative Sentiment: Insider selling: a Snowflake director recently sold roughly $17.7M of shares, and the move was flagged by market coverage — typically perceived as a negative near‑term signal. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $17,691,000.00 in Stock
• Negative Sentiment: Additional analyst target cuts and the recent big pullback have reinforced valuation concerns; these headline revisions can pressure the stock even when fundamentals (revenue growth, product momentum) remain constructive. Analyst Coverage/Price Target Notes

Snowflake Price Performance

NYSE SNOW opened at $157.24 on Tuesday. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The stock has a market cap of $53.81 billion, a price-to-earnings ratio of -38.92 and a beta of 1.14. The company’s 50 day moving average is $203.13 and its two-hundred day moving average is $223.68. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

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

Snowflake 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.