3,575 Shares in Snowflake Inc. $SNOW Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in Snowflake Inc. (NYSE:SNOW) during the third quarter, HoldingsChannel reports. The institutional investor acquired 3,575 shares of the company’s stock, valued at approximately $806,000.

Several other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Snowflake in the 2nd quarter worth approximately $944,895,000. Winslow Capital Management LLC bought a new stake in Snowflake in the second quarter worth $725,667,000. Jennison Associates LLC grew its stake in shares of Snowflake by 20.5% in the second quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock worth $1,790,309,000 after acquiring an additional 1,363,389 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Snowflake by 272.4% during the second quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after acquiring an additional 1,165,515 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SNOW shares. Wedbush reiterated an “outperform” rating and issued a $270.00 price target on shares of Snowflake in a research note on Thursday, December 4th. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Snowflake in a report on Friday, January 30th. Rosenblatt Securities increased their price target on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 1st. Robert W. Baird raised their price target on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Cantor Fitzgerald upped their price objective on Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $269.84.

Snowflake Trading Up 1.9%

NYSE:SNOW opened at $179.39 on Friday. The company has a market cap of $61.39 billion, a PE ratio of -44.40 and a beta of 1.14. 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 company has a 50 day simple moving average of $205.20 and a two-hundred day simple moving average of $224.06. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. Research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks reports Snowflake has hit a roughly $100M AI run‑rate early as new AI tools and major partnerships accelerate enterprise uptake — a catalyst for upside expectations. Zacks — Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst preview pieces highlight Snowflake’s shift to an enterprise AI platform (Cortex AI, Document AI) and the reported OpenAI partnership as medium‑term revenue drivers, supporting investor optimism ahead of earnings. Seeking Alpha — AI Data Cloud Inflection Point
• Positive Sentiment: Partner and product integrations continue: KPI Partners elevated its partnership tier with Snowflake, and Liquibase extended change‑control support to Snowflake — both expand ecosystem adoption and stickiness. KPI Partners press release Liquibase — Snowflake integration
• Neutral Sentiment: Citigroup cut its price target (from $300 to $270) but kept a Buy rating — a mixed signal that reduces upside but preserves analyst support. Benzinga — Citigroup PT cut
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating; other pieces discuss likely earnings beats, keeping near‑term expectations varied. Benzinga — Guggenheim reaffirmation Zacks — earnings expectations
• Negative Sentiment: Two plaintiff firms (Pomerantz LLP and Johnson Fistel) announced investigations/solicitations for Snowflake investors — these legal developments can pressure sentiment and add uncertainty. PR Newswire — Pomerantz alert Newsfile — Johnson Fistel
• Negative Sentiment: Director Frank Slootman sold 100,000 shares (~$17.7M at the reported price), materially reducing his holdings — a large insider sale can be viewed negatively by the market. SEC Form 4 — Slootman sale
• Negative Sentiment: Mizuho lowered its price target to $220 and coverage/other notes have coincided with negative headlines; some outlets reported SNOW trading down after a downgrade — analyst downgrades and PT cuts can create short‑term selling pressure. AmericanBankingNews — Mizuho PT cut AmericanBankingNews — trading reaction

Insider Buying and Selling at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 713,681 shares of company stock worth $148,264,518 over the last 90 days. 6.80% of the stock is owned by company insiders.

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.