Asset Management One Co. Ltd. Has $30.05 Million Position in Snowflake Inc. $SNOW

Asset Management One Co. Ltd. boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,828 shares of the company’s stock after acquiring an additional 3,604 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Snowflake were worth $30,045,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in Snowflake during the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after buying an additional 1,521 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $10,406,527.33. This represents a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 594,313 shares of company stock worth $108,831,780. 6.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SNOW shares. JPMorgan Chase & Co. reduced their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group lowered their price objective on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a research note on Wednesday, February 11th. Cantor Fitzgerald restated an “overweight” rating and issued a $250.00 target price on shares of Snowflake in a report on Monday, February 23rd. Finally, DA Davidson decreased their target price on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $242.86.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s push into observability (Observe) is being framed as a strategic extension of its AI/data platform that could deepen customer spend and product stickiness — a growth argument investors like. Can SNOW’s Expansion Into Observability Strengthen the Growth Thesis?
• Positive Sentiment: Risk-on market flows and sector momentum helped lift Snowflake alongside other software names, providing near-term upward pressure on the stock. Autodesk, BILL, and Snowflake Shares Are Soaring, What You Need To Know
• Neutral Sentiment: Media/analyst pieces (Zacks) show heightened retail interest and debate over buy/hold timing — increased attention can raise volume but is not a clear directional catalyst by itself. Is Trending Stock Snowflake Inc. (SNOW) a Buy Now?
• Negative Sentiment: Multiple law firms have announced a securities class action and investor notices covering purchases from June 27, 2023 to Feb 28, 2024, with an April 27, 2026 lead-plaintiff deadline — increased litigation risk can pressure the stock via potential damages, management distraction, and legal costs. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: KeyBanc trimmed its price target (to $200) and flagged competitive pressure from emerging AI-native rivals — an analyst downgrade or target cut can cap upside and increase volatility. KeyBanc Trims Snowflake’s Target to $200 as AI-Native Rivals Circle
• Negative Sentiment: Short-interest/short-slate commentary comparing Snowflake to peers (Autodesk) has surfaced, reminding investors that bearish/short narratives could amplify downside on weak news. Autodesk vs Snowflake: Which Is the Better Short Candidate Right Now?

Snowflake Trading Up 0.3%

Shares of Snowflake stock opened at $143.96 on Friday. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $280.67. The company’s fifty day simple moving average is $164.10 and its 200-day simple moving average is $208.80. The company has a market cap of $49.77 billion, a price-to-earnings ratio of -36.45 and a beta of 1.23. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company earned $0.30 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, sell-side analysts expect that Snowflake Inc. will post -2.36 EPS 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.