Saudi Central Bank Boosts Holdings in Snowflake Inc. $SNOW

Posted by Francis Steltz on Sep 7th, 2026

Saudi Central Bank lifted its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 93.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,989 shares of the company’s stock after acquiring an additional 11,109 shares during the quarter. Saudi Central Bank’s holdings in Snowflake were worth $5,851,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Tsfg LLC raised its position in Snowflake by 27.8% in the 2nd quarter. Tsfg LLC now owns 230 shares of the company’s stock worth $59,000 after purchasing an additional 50 shares during the period. Johnson Investment Counsel Inc. boosted its position in Snowflake by 4.5% during the fourth quarter. Johnson Investment Counsel Inc. now owns 1,383 shares of the company’s stock valued at $303,000 after buying an additional 60 shares during the period. Great Valley Advisor Group Inc. grew its stake in shares of Snowflake by 4.4% during the fourth quarter. Great Valley Advisor Group Inc. now owns 1,438 shares of the company’s stock valued at $316,000 after buying an additional 60 shares during the last quarter. LRI Investments LLC grew its stake in shares of Snowflake by 4.5% during the fourth quarter. LRI Investments LLC now owns 1,437 shares of the company’s stock valued at $315,000 after buying an additional 62 shares during the last quarter. Finally, First Manhattan CO. LLC. increased its holdings in shares of Snowflake by 6.7% in the fourth quarter. First Manhattan CO. LLC. now owns 1,022 shares of the company’s stock worth $224,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $338.47 on Monday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market cap of $117.31 billion, a P/E ratio of -106.44 and a beta of 1.33. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $384.56. The firm has a 50-day moving average of $297.66 and a 200-day moving average of $220.60.

Snowflake (NYSE:SNOW – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 47.20% and a negative net margin of 20.07%.Snowflake’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. Sell-side analysts expect that Snowflake Inc. will post -1.8 EPS for the current year.

Insider Activity

In related news, Director Michael Speiser sold 50,338 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $324.06, for a total transaction of $16,312,532.28. Following the completion of the transaction, the director owned 26,036 shares in the company, valued at $8,437,226.16. This represents a 65.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 289,685 shares of Snowflake stock in a transaction on Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the sale, the director owned 28,535 shares in the company, valued at approximately $7,829,718.65. This trade represents a 91.03% decrease in their position. 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 three months, insiders have sold 1,131,160 shares of company stock valued at $317,966,701. Company insiders own 4.80% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Strong Q2 results: Snowflake reported adjusted earnings of $0.62 per share versus the $0.45 consensus estimate, while revenue increased 35.1% year over year to $1.55 billion, ahead of expectations. Product revenue rose 37% to approximately $1.49 billion. Snowflake shares surge as AI demand powers growth and lifts outlook
Positive Sentiment: AI is accelerating demand: Management said AI-related offerings contributed about half of the recent growth acceleration. Snowflake’s CoCo coding agent added more than 2,000 accounts, supporting the view that enterprise AI workloads can increase consumption of its data platform. Analysts discuss Snowflake’s AI-driven acceleration
Positive Sentiment: Guidance and analyst targets moved higher: Snowflake raised fiscal 2027 product-revenue guidance to $6.07 billion from $5.84 billion. UBS, Citi, JPMorgan, TD Cowen and other firms subsequently raised targets, with several reaching $450 to $500 and maintaining bullish ratings. Snowflake’s AI momentum prompts higher price targets
Neutral Sentiment: Profit-taking after a major rally: The stock had surged more than 20% after the earnings release and reached levels near its 52-week high. The current retreat likely reflects investors locking in gains rather than a deterioration in the latest operating results.
Negative Sentiment: Margin and valuation risks remain: Management lowered fiscal 2027 gross-margin guidance to 74% as expanding AI workloads increase costs. Snowflake also remains unprofitable under generally accepted accounting principles, while its high valuation leaves the stock vulnerable to further profit-taking if growth expectations moderate. Snowflake’s AI growth and margin outlook
Negative Sentiment: Executive stock sale: EVP Christian Kleinerman sold 10,000 shares for approximately $3.8 million under a pre-arranged Rule 10b5-1 plan. While scheduled sales do not necessarily signal a change in business outlook, the transaction may add to short-term investor caution after the rally.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their target price on Snowflake from $400.00 to $475.00 and gave the company an “outperform” rating in a research note on Thursday. Rosenblatt Securities lifted their price target on Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Wedbush boosted their price objective on Snowflake from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Loop Capital boosted their price objective on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada increased their price objective on Snowflake from $372.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday. Thirty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $414.24.

Read Our Latest Stock Report on SNOW

Snowflake Company Profile

(Free Report)

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.