Caisse Des Depots ET Consignations Invests $2 Million in Snowflake Inc. $SNOW

Caisse Des Depots ET Consignations bought a new stake in Snowflake Inc. (NYSE:SNOW) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,850 shares of the company’s stock, valued at approximately $1,996,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Savvy Advisors Inc. acquired a new stake in Snowflake in the third quarter valued at approximately $476,000. Cibc World Market Inc. lifted its holdings in shares of Snowflake by 38.8% in the 3rd quarter. Cibc World Market Inc. now owns 35,530 shares of the company’s stock worth $8,014,000 after purchasing an additional 9,930 shares in the last quarter. Caprock Group LLC acquired a new stake in Snowflake in the 3rd quarter valued at $828,000. Advisors Asset Management Inc. grew its position in Snowflake by 36.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 12,608 shares of the company’s stock valued at $2,844,000 after purchasing an additional 3,396 shares during the period. Finally, Krilogy Financial LLC bought a new stake in Snowflake during the 3rd quarter valued at $2,521,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

SNOW opened at $178.83 on Thursday. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The firm has a 50-day moving average of $210.77 and a 200 day moving average of $225.74. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market cap of $61.20 billion, a P/E ratio of -44.27 and a beta of 1.14.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was up 28.7% on a year-over-year basis. On average, research analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the stock in a transaction on Thursday, December 18th. The stock was 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 directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the completion of the sale, the executive vice president owned 512,450 shares in the company, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 613,681 shares of company stock worth $130,573,518 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on SNOW. Wedbush reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. BTIG Research restated a “buy” rating and issued a $312.00 target price on shares of Snowflake in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Wells Fargo & Company increased their price objective on Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Rosenblatt Securities raised their target price on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $274.68.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Big strategic catalyst — Snowflake expanded its AI stack via a reported $200M partnership with OpenAI, positioning SNOW deeper in enterprise AI deployments and potentially driving future ARR and upsells. Read More.
• Positive Sentiment: Enterprise integrations broaden data intake and stickiness: Experian announced integration with Snowflake’s AI Data Cloud, which can increase enterprise use cases and data flows into Snowflake. Read More.
• Positive Sentiment: Vertical customer wins — RESAAS integration enables proprietary real-estate data to feed directly into customer Snowflake environments, illustrating continued ecosystem traction. Read More.
• Positive Sentiment: Technical/market catalyst — coverage noting heavy short interest across software names suggests a short-squeeze possibility that could amplify rallies in SNOW if sentiment stabilizes. Read More.
• Neutral Sentiment: Macro/sector framing — strategists say recent AI-fueled fears created a buying opportunity in quality software names, which could support a rebound in SNOW if macro sentiment improves. Read More.
• Neutral Sentiment: Market noise — recent headlines and aggregator pieces explain intraday swings and analyst views, producing mixed short-term trading signals for SNOW. Read More.
• Negative Sentiment: Regulatory/legal overhang — a law firm announced an investigation into whether Snowflake or its officers complied with securities laws, creating downside risk from potential litigation, disclosures or settlement costs. Read More.
• Negative Sentiment: Short-term weakness / technicals — commentary and data show SNOW recently moved below key moving averages and underperformed the market on the latest session, and the company still reports negative net margins and ROE despite revenue beats, factors that can pressure valuation multiples. Read More.

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.