Jupiter Asset Management Ltd. Boosts Stock Position in Snowflake Inc. $SNOW

Jupiter Asset Management Ltd. lifted its position in shares of Snowflake Inc. (NYSE:SNOW) by 1,156.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,701 shares of the company’s stock after buying an additional 73,358 shares during the period. Jupiter Asset Management Ltd.’s holdings in Snowflake were worth $17,977,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SNOW. Vanguard Group Inc. boosted its stake in Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after buying an additional 857,832 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after acquiring an additional 1,083,222 shares during the last quarter. State Street Corp boosted its stake in shares of Snowflake by 1.4% in the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after purchasing an additional 94,293 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of Snowflake by 15.2% in 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 purchasing an additional 652,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Snowflake by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock valued at $986,057,000 after purchasing an additional 133,059 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on SNOW shares. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research report on Thursday, January 8th. Stifel Nicolaus lifted their price objective on Snowflake from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. KeyCorp dropped their target price on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday. Canaccord Genuity Group raised their price target on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

Snowflake Trading Down 3.7%

NYSE SNOW opened at $172.49 on Friday. The stock has a market cap of $59.03 billion, a P/E ratio of -42.70 and a beta of 1.14. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The stock has a 50 day simple moving average of $204.30 and a two-hundred day simple moving average of $223.81. 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 (NYSE:SNOW) last announced its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, 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: AI monetization and partnerships: reports say Snowflake has hit an early ~$100M AI run rate and its AI product stack (Cortex, Document AI) plus large partnerships are driving enterprise adoption and new revenue streams. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst/preview optimism and consumption trends: Oppenheimer and other previews expect a “solid” Q4 as consumption trends run above plan; Wells Fargo survey coverage also highlights upticks in consumption that could support near‑term demand. Snowflake Seen Delivering ‘Solid’ Q4
• Positive Sentiment: Partner and product integrations strengthen go‑to‑market: elevated partner tiers and product integrations (KPI Partners, Liquibase support) help enterprise adoption and channel reach. KPI Partners Elevates Partnership Tier
• Neutral Sentiment: Mixed analyst signals: some firms (Citigroup) warn downside and have trimmed expectations even as others (many buy ratings remain) keep constructive views — this creates conflicted near‑term guidance for traders. Citigroup Has Lowered Expectations for Snowflake
• Negative Sentiment: Insider selling: Director Frank Slootman sold 100,000 shares (~$17.7M at the sale price) in a disclosed trade, and recent repeated insider sales can spook investors and reduce perceived insider conviction. Frank Slootman Insider Sale Filing
• Negative Sentiment: Shareholder investigations and legal overhang: law firms (Pomerantz, Johnson Fistel) announced probes into investor losses, raising litigation risk and adding regulatory uncertainty that can pressure the stock. Pomerantz Investigation Notice
• Negative Sentiment: Analyst downgrades / price‑target cuts: several shops have trimmed targets (Mizuho, Goldman among others) or issued cautious notes, which reduces near‑term upside expectations and can amplify selling. Mizuho Lowers Snowflake Price Target

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $11,610,459.70. Following the sale, the director directly owned 32,756 shares in the company, valued at approximately $7,555,171.40. The trade was a 60.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 713,681 shares of company stock valued at $148,264,518 over the last quarter. Company insiders own 6.80% of the company’s stock.

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.