Banque Pictet & Cie SA Increases Stock Position in Snowflake Inc. $SNOW

Banque Pictet & Cie SA grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 178.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,740 shares of the company’s stock after purchasing an additional 9,450 shares during the quarter. Banque Pictet & Cie SA’s holdings in Snowflake were worth $3,233,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in SNOW. Vanguard Group Inc. boosted its position in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the period. Jennison Associates LLC increased 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 buying an additional 1,083,222 shares during the period. State Street Corp lifted its stake in Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after buying an additional 94,293 shares during the last quarter. AQR Capital Management LLC lifted its stake in Snowflake by 13.0% in the second quarter. AQR Capital Management LLC now owns 3,584,128 shares of the company’s stock valued at $802,020,000 after buying an additional 412,493 shares during the last quarter. Finally, Winslow Capital Management LLC acquired a new stake in shares of Snowflake in the second quarter valued at approximately $725,667,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Down 0.8%

Shares of SNOW opened at $151.89 on Friday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $52.51 billion, a P/E ratio of -38.45 and a beta of 1.23. The firm’s 50-day moving average is $174.90 and its two-hundred day moving average is $215.20.

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

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and $190 price target, calling Snowflake a top AI infrastructure pick and highlighting a large AI-data TAM — a bullish signal for longer-term growth expectations. Benchmark Buy Initiation
• Positive Sentiment: Analyst commentary (RBC/Yahoo coverage) and pieces on AI workload expansion highlight that Snowflake’s AI tooling is driving rising platform usage and workload growth — supportive of revenue acceleration if Snowflake can scale deployments. AI Workload Expansion
• Positive Sentiment: Snowflake appointed longtime sales leader Jonathan Beaulier as Chief Revenue Officer — an insider promotion intended to reaccelerate sales execution and monetize marketplace/vertical opportunities (Morningstar expansion cited as an example of product-led revenue upside). CRO Appointment
• Neutral Sentiment: Mizuho and other outlets note the CRO change could help reaccelerate growth and that the stock’s pullback has made it more interesting — but execution risk remains; these views temper near-term conviction. Mizuho Reset
• Neutral Sentiment: Analyst/market commentary (Seeking Alpha, Zacks, Motley Fool summaries) varies: some say SNOW is worth watching on the pullback but not yet a clear buy — indicating mixed analyst sentiment despite AI tailwinds. Analyst Take
• Negative Sentiment: Multiple law firms (Rosen, Bernstein Liebhard, Pomerantz, Faruqi & Faruqi, Levi & Korsinsky) are circulating investor alerts about a securities class action and upcoming lead-plaintiff deadlines — a legal overhang that can pressure the stock and increase uncertainty. Class Action Alerts
• Negative Sentiment: An insider sale: SVP Vivek Raghunathan sold ~3,876 shares under a pre-arranged Rule 10b5‑1 plan (small reduction of his stake). While routine and disclosed, insider selling can be interpreted negatively by some traders; SEC filing is public. Insider Sale Filing
• Negative Sentiment: Options commentary and some market pieces are positioning SNOW for bearish strategies (Schaeffer’s options pick), reflecting short-term trader skepticism amid recent volatility. Options Bear Trade

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the transaction, the executive vice president owned 461,351 shares of the company’s stock, valued at approximately $90,927,668.59. This represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 543,572 shares of company stock valued at $101,311,456. Company insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SNOW shares. Rosenblatt Securities restated a “buy” rating and set a $275.00 target price on shares of Snowflake in a research report on Thursday, February 26th. Canaccord Genuity Group decreased their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a report on Thursday, February 26th. JPMorgan Chase & Co. decreased their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group lowered their price target on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $249.62.

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.