Assenagon Asset Management S.A. Cuts Stake in Snowflake Inc. $SNOW

Assenagon Asset Management S.A. reduced its position in shares of Snowflake Inc. (NYSE:SNOW) by 36.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,859 shares of the company’s stock after selling 58,231 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Snowflake were worth $21,905,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake in the 3rd quarter worth approximately $25,000. Tripletail Wealth Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at $28,000. SJS Investment Consulting Inc. increased its holdings in shares of Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. GoalVest Advisory LLC increased its holdings in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in shares of Snowflake in the third quarter worth $34,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Stifel reaffirmed a Buy and raised conviction after management meetings, keeping a high price target that supports investor confidence in Snowflake’s growth trajectory. Read More.
• Positive Sentiment: Product/AI catalyst — Project SnowWork (Snowflake’s agentic AI initiative) and continued emphasis on AI integration are being cited as meaningful growth levers that could drive enterprise adoption and higher long‑term revenue multiple. Read More.
• Positive Sentiment: Partnerships and ecosystem momentum (e.g., third‑party integrations and platform tie‑ins) are reinforcing product adoption and cross‑sell potential, helping underpin the near‑term bullish narrative. Read More.
• Neutral Sentiment: Context pieces note Snowflake’s strong revenue growth and AI tailwinds but highlight intensifying cloud competition — supportive for longer‑term upside but mixed for near‑term multiples. Read More.
• Negative Sentiment: Legal headline risk — multiple law firms have filed investor alerts and class‑action notices with an April 27, 2026 lead‑plaintiff deadline, creating ongoing headline and litigation risk that can weigh on the stock. Read More.
• Negative Sentiment: Insider selling — recent SEC filings show sales by senior executives (EVP and CAO); such disclosures have driven short‑term selling and negative headlines. Read More.
• Negative Sentiment: Sector volatility — broader SaaS/AI market swings (e.g., new AI agent capabilities from competitors) are amplifying short‑term outflows and can pressure Snowflake alongside peers. Read More.

Snowflake Trading Up 1.1%

Shares of SNOW stock opened at $162.35 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.37. The company has a market cap of $55.56 billion, a price-to-earnings ratio of -41.10 and a beta of 1.16. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm has a fifty day moving average price of $180.57 and a 200-day moving average price of $217.72.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.30 EPS. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on SNOW. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a research report on Monday, February 23rd. Royal Bank Of Canada set a $245.00 target price on Snowflake in a research report on Wednesday, February 11th. The Goldman Sachs Group lowered their price objective on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. JPMorgan Chase & Co. cut their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Finally, Citigroup decreased their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Insider Buying and Selling

In related news, 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 completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the sale, the executive vice president owned 471,351 shares in the company, valued at approximately $103,650,084.90. The trade was a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 612,238 shares of company stock worth $116,741,495 over the last ninety days. 6.80% of the stock is owned by corporate insiders.

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.