Penserra Capital Management LLC Increases Stock Position in Snowflake Inc. $SNOW

Penserra Capital Management LLC boosted its holdings in Snowflake Inc. (NYSE:SNOW) by 32.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,358 shares of the company’s stock after purchasing an additional 37,911 shares during the quarter. Penserra Capital Management LLC’s holdings in Snowflake were worth $34,586,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SNOW. Norges Bank acquired a new position in Snowflake in the second quarter valued at $944,895,000. Winslow Capital Management LLC purchased a new position in shares of Snowflake during the second quarter worth about $725,667,000. Jennison Associates LLC increased its position in Snowflake by 20.5% in the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after acquiring an additional 1,363,389 shares during the period. Sei Investments Co. increased its position in Snowflake by 272.4% in the 2nd 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 during the period. Finally, Artisan Partners Limited Partnership raised its stake in Snowflake by 15.2% during the 2nd 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 during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other news, CAO Emily Ho sold 1,072 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total transaction of $239,731.36. Following the sale, the chief accounting officer owned 43,809 shares of the company’s stock, valued at $9,797,006.67. The trade was a 2.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 613,681 shares of company stock worth $135,245,745. 6.80% of the stock is currently owned by company insiders.

Snowflake Price Performance

Shares of NYSE SNOW opened at $172.36 on Wednesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The firm has a market capitalization of $58.98 billion, a P/E ratio of -42.66 and a beta of 1.14. The company’s fifty day moving average is $220.75 and its two-hundred day moving average is $227.67.

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

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake signed a multi‑year $200M partnership with OpenAI to run advanced models natively on Snowflake’s platform — a direct revenue/consumption catalyst if customers start running large models on their data. Snowflake partners with OpenAI in $200 million AI deal
• Positive Sentiment: New product introductions (Cortex Code AI agent, Snowflake Postgres integration, Semantic View Autopilot) broaden enterprise use cases and lower friction for AI workloads — supportive for longer‑term compute consumption. Snowflake Unveils Cortex Code — Business Wire
• Positive Sentiment: Sell‑side support remains — firms including Bank of America have reiterated buy ratings and raised targets, signaling Wall Street still sees upside if consumption and margins improve. Bank of America Securities Reiterates a Buy on Snowflake Inc. (SNOW)
• Neutral Sentiment: Market takes a “show me” approach — coverage notes strategic logic of the OpenAI tie‑up but emphasizes investors want proof (consumption growth and margin stability) rather than headlines. Snowflake’s $200M Bet: Can The OpenAI Deal Fix The Slump?
• Neutral Sentiment: Upcoming catalysts to watch: Snowflake will report fiscal Q4 results on Feb. 25 and management presents at Morgan Stanley on Mar. 3 — guidance and usage metrics will be key to sentiment. Q4 results announcement — Business Wire
• Negative Sentiment: An EVP, Christian Kleinerman, sold 10,000 shares (filed Form 4) — insider sales can amplify near‑term selling pressure even if routine. SEC Form 4 — Kleinerman Sale
• Negative Sentiment: Johnson Fistel opened an investigation into possible securities‑law issues involving Snowflake or its officers — adds legal uncertainty and can weigh on trader sentiment. Johnson Fistel Investigation Notice
• Negative Sentiment: Shares have fallen more than peers amid profit‑taking and AI skepticism as traders weigh model‑running costs vs. revenue upside. Short‑term volatility likely until management shows consumption/margin lift. Snowflake Registers a Bigger Fall Than the Market — Zacks

Wall Street Analyst Weigh In

Several brokerages have weighed in on SNOW. Macquarie lifted their target price on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Bank of America increased their price target on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. UBS Group reissued a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $299.00 target price on shares of Snowflake in a report on Tuesday, January 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.58.

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.