Fifth Third Bancorp Boosts Position in Snowflake Inc. $SNOW

Fifth Third Bancorp boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 1,377.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,229 shares of the company’s stock after buying an additional 4,875 shares during the quarter. Fifth Third Bancorp’s holdings in Snowflake were worth $1,179,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Avion Wealth boosted its holdings in shares of Snowflake by 76.6% in the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after purchasing an additional 49 shares during the period. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake during the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth $28,000. Rossby Financial LCC lifted its holdings in shares of Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 127 shares during the period. Finally, SJS Investment Consulting Inc. grew its position in shares of Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Robert W. Baird upped their price target on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Bank of America lifted their price objective on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, November 17th. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a research note on Monday, November 24th. Finally, Royal Bank Of Canada set a $245.00 target price on Snowflake in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have given 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 target price of $269.84.

Insider Transactions at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the completion of the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the completion of the transaction, the director owned 32,756 shares in the company, valued at approximately $7,555,171.40. This trade represents a 60.58% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 713,681 shares of company stock worth $148,264,518. Insiders own 6.80% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks reports Snowflake has hit a roughly $100M AI run‑rate early as new AI tools and major partnerships accelerate enterprise uptake — a catalyst for upside expectations. Zacks — Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst preview pieces highlight Snowflake’s shift to an enterprise AI platform (Cortex AI, Document AI) and the reported OpenAI partnership as medium‑term revenue drivers, supporting investor optimism ahead of earnings. Seeking Alpha — AI Data Cloud Inflection Point
• Positive Sentiment: Partner and product integrations continue: KPI Partners elevated its partnership tier with Snowflake, and Liquibase extended change‑control support to Snowflake — both expand ecosystem adoption and stickiness. KPI Partners press release Liquibase — Snowflake integration
• Neutral Sentiment: Citigroup cut its price target (from $300 to $270) but kept a Buy rating — a mixed signal that reduces upside but preserves analyst support. Benzinga — Citigroup PT cut
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating; other pieces discuss likely earnings beats, keeping near‑term expectations varied. Benzinga — Guggenheim reaffirmation Zacks — earnings expectations
• Negative Sentiment: Two plaintiff firms (Pomerantz LLP and Johnson Fistel) announced investigations/solicitations for Snowflake investors — these legal developments can pressure sentiment and add uncertainty. PR Newswire — Pomerantz alert Newsfile — Johnson Fistel
• Negative Sentiment: Director Frank Slootman sold 100,000 shares (~$17.7M at the reported price), materially reducing his holdings — a large insider sale can be viewed negatively by the market. SEC Form 4 — Slootman sale
• Negative Sentiment: Mizuho lowered its price target to $220 and coverage/other notes have coincided with negative headlines; some outlets reported SNOW trading down after a downgrade — analyst downgrades and PT cuts can create short‑term selling pressure. AmericanBankingNews — Mizuho PT cut AmericanBankingNews — trading reaction

Snowflake Stock Performance

Shares of Snowflake stock opened at $179.39 on Friday. The company has a 50 day moving average price of $205.20 and a 200 day moving average price of $224.06. The firm has a market capitalization of $61.39 billion, a P/E ratio of -44.40 and a beta of 1.14. 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.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $0.20 EPS. Snowflake’s revenue for the quarter was up 28.7% compared to the same quarter last year. 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.