Robeco Institutional Asset Management B.V. boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 28.9% in the third quarter, Holdings Channel.com reports. The fund owned 296,060 shares of the company’s stock after acquiring an additional 66,389 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Snowflake were worth $100,530,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of SNOW. Janus Henderson Group PLC lifted its position in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock worth $452,014,000 after purchasing an additional 544,960 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Snowflake by 44.7% during the first quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after purchasing an additional 803,110 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock valued at $268,351,000 after purchasing an additional 453,342 shares during the period. Swedbank AB grew its holdings in shares of Snowflake by 24.0% in the first quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after purchasing an additional 319,356 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Snowflake by 76.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after purchasing an additional 509,230 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.
Insider Buying and Selling
In related news, Director Mark Garrett sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the sale, the director directly owned 10,074 shares in the company, valued at approximately $3,525,900. This represents a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the sale, the executive vice president directly owned 340,379 shares in the company, valued at approximately $110,623,175. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,246,429 shares of company stock worth $408,832,628. 4.80% of the stock is owned by corporate insiders.
More Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
- Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
- Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
- Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
- Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
- Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
- Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses
Snowflake Trading Up 1.1%
NYSE:SNOW opened at $323.03 on Thursday. The firm has a market cap of $113.96 billion, a PE ratio of -101.58 and a beta of 1.35. The stock has a fifty day moving average price of $332.33 and a 200 day moving average price of $259.15. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.
Snowflake (NYSE:SNOW – Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $0.35 EPS. Snowflake’s revenue for the quarter was up 35.1% on a year-over-year basis. Sell-side analysts anticipate that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.
Analysts Set New Price Targets
SNOW has been the topic of a number of research analyst reports. Argus upped their target price on shares of Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research report on Thursday, September 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $450.00 price target on shares of Snowflake in a research report on Monday, October 12th. Cantor Fitzgerald increased their price target on shares of Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Morgan Stanley raised their price target on shares of Snowflake from $300.00 to $470.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Thirty-six 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’s stock. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus price target of $413.87.
Get Our Latest Research Report on Snowflake
Snowflake Profile
Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.
Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.
Featured Stories
- Five stocks we like better than Snowflake
- GM Beat and Added a $20 Billion Buyback—Why Did the Stock Fall?
- Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
- Tech Stocks Took a Hit—These 2 Pharma Stocks Are Near New Highs
- Chip Stocks Have Pulled Back—Here’s How 3 Semiconductor ETFs Stack Up for Investors
Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.
