Rakuten Investment Management Inc. Buys 2,512 Shares of Snowflake Inc. $SNOW

Rakuten Investment Management Inc. increased its stake in Snowflake Inc. (NYSE:SNOW) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,409 shares of the company’s stock after acquiring an additional 2,512 shares during the period. Rakuten Investment Management Inc.’s holdings in Snowflake were worth $7,072,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SNOW. OMERS ADMINISTRATION Corp increased its position in Snowflake by 4,284.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after purchasing an additional 680,397 shares during the last quarter. Janus Henderson Group PLC raised its stake in 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 period. Harel Insurance Investments & Financial Services Ltd. raised its stake in Snowflake by 76.9% during 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 period. Assenagon Asset Management S.A. raised its stake in Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after purchasing an additional 453,342 shares during the period. Finally, CI Investments Inc. boosted its holdings in shares of Snowflake by 34.6% in the 1st quarter. CI Investments Inc. now owns 720,810 shares of the company’s stock valued at $108,713,000 after purchasing an additional 185,261 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s new autonomous AI agents, enterprise data controls, and tools for moving AI agents from pilots into production could support customer adoption and usage. Article: Snowflake unveils autonomous AI agents Article: Innovations for the agentic enterprise
• Positive Sentiment: A Zacks article says SNOW has gained 32.5% year to date, citing AI adoption, customer growth, and higher revenue guidance as drivers—though it also flags the stock’s premium valuation. Article: Snowflake’s year-to-date performance
• Neutral Sentiment: A bullish growth analysis argues Wall Street may be underestimating Snowflake, but its ambitious 2027 valuation depends on the multiple investors are willing to assign the company. Article: Snowflake’s growth potential
• Negative Sentiment: Valuation remains a risk: the stock’s premium leaves it vulnerable if investors question whether AI-related growth can justify expectations.
• Negative Sentiment: Broader selling in software stocks, alongside concerns raised by a peer’s revenue outlook, may be adding pressure to SNOW. Article: Software stocks and Datadog’s outlook
• Negative Sentiment: EVP Christian Kleinerman sold 10,000 shares for about $3.06 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained 303,738 shares, tempering the bearish signal. SEC filing on the insider sale

Snowflake Stock Down 7.3%

NYSE SNOW opened at $269.26 on Friday. The stock has a market cap of $94.99 billion, a PE ratio of -84.67 and a beta of 1.32. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The business has a 50 day moving average price of $329.01 and a two-hundred day moving average price of $241.31. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. Snowflake’s revenue for the quarter was up 35.1% on a year-over-year basis. During the same quarter last year, the company earned $0.35 earnings per share. As a group, sell-side analysts predict that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on SNOW shares. UBS Group boosted their price objective on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Oppenheimer upped their price objective on Snowflake from $400.00 to $475.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Jefferies Financial Group set a $430.00 target price on Snowflake and gave the company a “buy” rating in a report on Thursday, September 3rd. Argus boosted their price target on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, Raymond James Financial upped their price target on Snowflake from $275.00 to $425.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. Thirty-six research 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $413.87.

Insider Activity

In other news, Director Mark Garrett sold 50,000 shares of the company’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $350.00, for a total value of $17,500,000.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $353.87, for a total transaction of $17,813,108.06. Following the sale, the director directly owned 25,196 shares of the company’s stock, valued at approximately $8,916,108.52. The trade was a 66.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,135,702 shares of company stock valued at $373,733,800 over the last ninety days. 4.80% of the stock is owned by company insiders.

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.