Danske Bank A S Acquires Shares of 163,368 Snowflake Inc. $SNOW

Danske Bank A S acquired a new position in shares of Snowflake Inc. (NYSE:SNOW) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 163,368 shares of the company’s stock, valued at approximately $36,848,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC lifted its position in Snowflake by 241.7% during the 3rd quarter. Advisory Services Network LLC now owns 37,770 shares of the company’s stock worth $8,519,000 after acquiring an additional 26,716 shares in the last quarter. Harvest Investment Services LLC purchased a new position in Snowflake in the 3rd quarter worth approximately $1,422,000. Revere Asset Management Inc acquired a new stake in Snowflake in the third quarter valued at approximately $4,615,000. NewEdge Advisors LLC grew its position in Snowflake by 16.8% in the third quarter. NewEdge Advisors LLC now owns 33,306 shares of the company’s stock valued at $7,512,000 after acquiring an additional 4,786 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Snowflake by 5.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 395,295 shares of the company’s stock valued at $89,083,000 after purchasing an additional 18,646 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, February 2nd. The stock was 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 directly owned 461,351 shares in the company, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $165.22, for a total value of $8,316,844.36. Following the transaction, the director directly owned 31,076 shares of the company’s stock, valued at $5,134,376.72. This trade represents a 61.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 513,303 shares of company stock worth $99,644,391. Insiders own 6.80% of the company’s stock.

Snowflake Price Performance

Shares of SNOW opened at $173.20 on Thursday. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $59.27 billion, a price-to-earnings ratio of -43.85 and a beta of 1.16. The stock has a 50 day moving average of $186.27 and a 200-day moving average of $220.27.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.30 earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, a research‑preview autonomous enterprise AI platform that executes multi‑step tasks from conversational prompts — a strategic push from insights to execution that could expand product uptake and monetization of agentic AI capabilities. Snowflake Launches Project SnowWork
• Positive Sentiment: Coverage highlights the autonomous AI layer as differentiated product innovation (agentic AI that “does the work”), which supports Snowflake’s narrative of expanding AI features and partner integrations. Infoworld: Snowflake’s new autonomous AI layer
• Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after an investor meeting, signaling continued analyst conviction that Snowflake can grow despite sector headwinds. Bank of America reiterates Buy
• Neutral Sentiment: Recent commentary reiterates Snowflake’s solid Q4/product momentum (≈30% revenue growth, expanded AI features), but some analysts remain cautious about valuation and competitive pressure from Databricks. Revenue beats; mixed analyst views
• Neutral Sentiment: Company executives discussed Project SnowWork on NYSE media, giving investors more color on capabilities and go‑to‑market plans — useful for judging adoption timing but not an immediate revenue inflection. NYSE interview on Project SnowWork
• Negative Sentiment: Numerous law firms issued class‑action notices and investor alerts related to purchases between June 27, 2023 and Feb 28, 2024, with an April 27, 2026 deadline to seek lead‑plaintiff status — a wave of litigation headlines that can pressure the stock, increase legal costs, and create uncertainty. GlobeNewswire: Investor Alert (RGRD Law)
• Negative Sentiment: The litigation notices are broad and repeated by multiple firms (Robbins LLP, Levi & Korsinsky, Pomerantz, Rosen, etc.), amplifying media coverage and short‑term investor concern. PR Newswire: Robbins LLP notice

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNOW. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research note on Monday, November 24th. Macquarie Infrastructure boosted their price objective on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research report on Thursday, January 8th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research note on Thursday, February 26th. Finally, DA Davidson dropped their target price on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.58.

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.