Handelsbanken Fonder AB Buys 112,138 Shares of Snowflake Inc. $SNOW

Handelsbanken Fonder AB increased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 96.2% in the fourth quarter, HoldingsChannel reports. The firm owned 228,660 shares of the company’s stock after buying an additional 112,138 shares during the period. Handelsbanken Fonder AB’s holdings in Snowflake were worth $50,159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new position in Snowflake during the third quarter worth about $25,000. GoalVest Advisory LLC grew its holdings in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the period. Physician Wealth Advisors Inc. grew its holdings in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after purchasing an additional 51 shares during the period. HHM Wealth Advisors LLC grew its holdings in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the period. Finally, Root Financial Partners LLC bought a new position in Snowflake during the third quarter worth about $34,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 3.1%

Shares of SNOW stock opened at $169.36 on Wednesday. The firm has a 50 day moving average price of $154.54 and a two-hundred day moving average price of $194.81. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $58.55 billion, a PE ratio of -42.88 and a beta of 1.08. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share. As a group, analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Insider Activity

In other news, EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares in the company, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank Slootman sold 11,299 shares of Snowflake stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the sale, the director owned 38,046 shares of the company’s stock, valued at approximately $6,667,561.50. The trade was a 22.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 284,313 shares of company stock valued at $46,617,373. Company insiders own 6.80% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195, kept a Buy rating, and said enterprise demand remains strong with early traction in Snowflake’s AI workflow tools. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, reinforcing Wall Street’s bullish view on Snowflake’s long-term upside. Read More
• Positive Sentiment: AVEVA announced a collaboration with Snowflake to accelerate industrial AI and unify IT/OT data, which could expand Snowflake’s reach in enterprise and industrial data workflows. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
• Neutral Sentiment: Recent coverage continues to highlight Snowflake as a leading AI software name, with comparisons to other infrastructure plays keeping attention on the stock. Snowflake vs. DELL: Which AI Infrastructure Stock Has the Edge?
• Neutral Sentiment: Articles noting SNOW’s recent strength and broad AI-stock interest may be adding to momentum, but they do not add new company-specific fundamentals. Snowflake (SNOW) stock is up, what you need to know
• Negative Sentiment: Some investor commentary also points to mixed signals around AI infrastructure competition and large insider sales, which can temper enthusiasm even as analysts stay constructive. Snowflake Inc. ($SNOW) CEO 2026 Pay Revealed

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Rosenblatt Securities reiterated a “buy” rating and set a $275.00 price target on shares of Snowflake in a report on Thursday, February 26th. JPMorgan Chase & Co. reduced their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. DA Davidson reduced their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Sanford C. Bernstein reduced their price target on Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

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.