National Pension Service increased its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 3.3% in the second quarter, HoldingsChannel.com reports. The fund owned 690,349 shares of the company’s stock after acquiring an additional 21,915 shares during the period. National Pension Service’s holdings in Snowflake were worth $175,694,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in 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 during the period. Intech Investment Management LLC lifted its position in shares of Snowflake by 24.0% in the 1st 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 during the period. Geneos Wealth Management Inc. lifted its position in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of Snowflake during the 2nd quarter valued at about $221,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Snowflake by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after purchasing an additional 1,521 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.
Key Stories Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
- Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
- Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
- Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
- Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
- Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert
Snowflake Trading Down 0.7%
Snowflake (NYSE:SNOW – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm earned $0.35 earnings per share. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, analysts forecast that Snowflake Inc. will post -1.62 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Snowflake from $285.00 to $426.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Oppenheimer lifted their price objective on Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Evercore reiterated an “outperform” rating and set a $430.00 target price on shares of Snowflake in a report on Thursday, September 3rd. UBS Group increased their target price on Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Benchmark lifted their price target on Snowflake from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Thirty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $414.24.
View Our Latest Stock Analysis on Snowflake
Insider Buying and Selling
In other Snowflake news, Director Frank Slootman sold 48,990 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $320.78, for a total value of $15,715,012.20. Following the sale, the director directly owned 28,535 shares of the company’s stock, valued at approximately $9,153,457.30. The trade was a 63.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $353.87, for a total value of $142,609.61. Following the completion of the sale, the director directly owned 22,170 shares in the company, valued at approximately $7,845,297.90. This represents a 1.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,231,902 shares of company stock worth $353,686,703. 4.80% of the stock is currently owned by corporate insiders.
Snowflake Profile
Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.
Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.
Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.
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