Avanza Fonder AB Boosts Stock Holdings in Snowflake Inc. $SNOW

Avanza Fonder AB grew its position in Snowflake Inc. (NYSE:SNOW) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,020 shares of the company’s stock after acquiring an additional 3,918 shares during the quarter. Avanza Fonder AB’s holdings in Snowflake were worth $6,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares during the last quarter. Jennison Associates LLC boosted its position in Snowflake by 13.5% during the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after acquiring an additional 1,083,222 shares during the last quarter. State Street Corp grew its stake in Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after acquiring an additional 94,293 shares in the last quarter. Norges Bank purchased a new stake in Snowflake during the 2nd quarter valued at about $944,895,000. Finally, AQR Capital Management LLC raised its holdings in Snowflake by 13.0% in the 2nd quarter. AQR Capital Management LLC now owns 3,584,128 shares of the company’s stock valued at $802,020,000 after acquiring an additional 412,493 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 11,299 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the transaction, the director directly owned 38,046 shares in the company, valued at $6,667,561.50. This represents a 22.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director owned 30,236 shares of the company’s stock, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 607,476 shares of company stock valued at $115,923,429. Company insiders own 6.80% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: New customer and partner momentum: Fivetran highlighted that it routes operational, SaaS and IoT data into Snowflake to build AI‑ready data foundations (supports demand for Snowflake’s platform). Fivetran Selected by WM New Zealand to Power an AI-Ready Data Foundation
• Positive Sentiment: Product / AI narrative: coverage of Snowflake Cortex AI and Snowflake’s fully managed approach reinforces the company’s positioning in enterprise AI and data management (supporting growth expectations). Snowflake Cortex AI: A deep dive into its features Snowflake says firms don’t need large teams with its platform
• Neutral Sentiment: Analyst stance: William Blair kept Snowflake at a bullish rating amid its AI relevance while downgrading other software names — a modest positive endorsement but not a catalyst on its own. Analyst Downgrades 9 Software Stocks. ‘AI Changes Everything.’
• Neutral Sentiment: Macro/market move: intraday gains were also driven by a broader market rally after geopolitical comments — this is a market‑wide boost rather than company‑specific news. Snowflake (SNOW) Stock Trades Up, Here Is Why
• Negative Sentiment: Surge of securities‑class‑action notices: multiple law firms are soliciting lead plaintiffs and reminding investors of an April 27, 2026 deadline for a class action covering purchases from June 27, 2023 to Feb 28, 2024 — increases legal overhang and potential liability risk. ROSEN Encourages Snowflake Inc. Investors to Secure Counsel
• Negative Sentiment: More plaintiff solicitations and alerts from other firms reinforce the same legal risk (Faruqi, Levi & Korsinsky, RGRD, Schall, DJS). This repetition magnifies headline risk and could pressure the stock if developments escalate. Faruqi & Faruqi class action notice
• Negative Sentiment: Insider selling: recent director sales disclosed (multi‑million dollar transactions) can be read negatively by the market even if pre‑planned; adds to near‑term selling pressure. Snowflake Director Sells $15.6M in Stock
• Negative Sentiment: Valuation/short‑term performance concerns: analysis highlighting a recent share‑price decline and valuation check amid expanded AI ambitions adds caution for investors weighing long‑term upside vs. current multiples. Snowflake Valuation Check As Project SnowWork Expands

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SNOW. Monness Crespi & Hardt raised their target price on shares of Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. DA Davidson dropped their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Citigroup cut their price target on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Jefferies Financial Group set a $300.00 price objective on Snowflake in a research report on Monday, November 24th. Finally, Stifel Nicolaus set a $205.00 price objective on Snowflake in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Snowflake Stock Performance

Shares of Snowflake stock opened at $174.09 on Tuesday. The firm has a market cap of $59.57 billion, a PE ratio of -44.07 and a beta of 1.17. 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 52 week low of $120.10 and a 52 week high of $280.67. The business’s fifty day simple moving average is $183.36 and its 200-day simple moving average is $218.96.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the company earned $0.30 EPS. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Equities analysts forecast 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.