E. Ohman J or Asset Management AB Takes $1.97 Million Position in Snowflake Inc. $SNOW

E. Ohman J or Asset Management AB acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,998 shares of the company’s stock, valued at approximately $1,974,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNOW. Total Clarity Wealth Management Inc. grew its stake in shares of Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares during the period. Diligent Investors LLC increased its holdings in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares during the last quarter. Coastline Trust Co raised its position in shares of Snowflake by 1.0% during the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after buying an additional 42 shares during the period. CX Institutional lifted its holdings in Snowflake by 13.2% in the third quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after acquiring an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. lifted its holdings in Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 2,986 shares of Snowflake stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $175.34, for a total value of $523,565.24. Following the completion of the transaction, the executive vice president owned 496,052 shares in the company, valued at approximately $86,977,757.68. This trade represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $70,601.57. Following the transaction, the director directly owned 23,315 shares of the company’s stock, valued at approximately $4,084,554.85. This represents a 1.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 607,476 shares of company stock valued at $115,923,429 in the last quarter. Corporate 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: Company expanding its AI product roadmap with Project SnowWork — an enterprise agentic AI initiative that aims to bring data-grounded AI agents to business users; this reinforces Snowflake’s strategic positioning in the fast-growing enterprise AI market. Snowflake launches Project SnowWork
• Positive Sentiment: Industry collaboration and data/AI interoperability momentum — Denodo joined the Open Semantic Interchange with Snowflake and other leaders, which could boost ecosystem adoption and make multi‑vendor integrations easier for customers. Denodo joins Open Semantic Interchange
• Positive Sentiment: New partner integrations (security and analytics) continue to expand use cases — NINJIO announced a reporting product built with Snowflake and Sigma, reinforcing demand for Snowflake as an AI/data foundation. NINJIO partners with Snowflake
• Neutral Sentiment: Analyst and media coverage remains mixed-to-positive: several outlets compare Snowflake to other AI/data names (Innodata) and note investor attention; these pieces can drive trading interest but are not immediate catalysts. Innodata vs. Snowflake
• Neutral Sentiment: Partner ecosystem activity (e.g., Fivetran customer wins that route data into Snowflake) supports long-term demand but is a gradual positive rather than an immediate price driver. Fivetran selected by WM New Zealand
• Negative Sentiment: Multiple law firms filed or circulated class-action notices alleging securities fraud for purchases between June 27, 2023 and Feb. 28, 2024 (lead-plaintiff deadlines around Apr. 27, 2026). The proliferation of filings and reminder notices (Rosen, Pomerantz, Schall, Bernstein, Faruqi, Levi & Korsinsky, others) increases legal uncertainty and can pressure the stock via potential damages, defense costs, and investor anxiety. Rosen Law Firm notice Schall Law Firm notice
• Negative Sentiment: Recent reports of large insider stock sales (director-level transactions reported) add to near-term selling pressure and negative investor optics. Director sells $15.6M in stock Director sells $1.98M in stock
• Negative Sentiment: Broader SaaS/AI rotation and valuation scrutiny continue to weigh on Snowflake despite strong growth metrics — the sector sell-off has been a persistent headwind. Valuation check / Project SnowWork analysis

Analyst Upgrades and Downgrades

SNOW has been the subject of several analyst reports. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft upped 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. Morgan Stanley lowered their price target on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Zacks Research raised Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Canaccord Genuity Group reduced their price objective on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Stock Down 7.5%

Snowflake stock opened at $161.21 on Wednesday. The firm has a market capitalization of $55.17 billion, a P/E ratio of -40.81 and a beta of 1.16. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The stock’s fifty day simple moving average is $182.41 and its 200-day simple moving average is $218.51.

Snowflake (NYSE:SNOW) last released its 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. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business posted $0.30 earnings per share. Snowflake’s revenue was up 30.1% compared to the same quarter last year. As a group, equities analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal 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.