Robinhood Asset Management LLC Invests $6.35 Million in Snowflake Inc. $SNOW

Robinhood Asset Management LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, Holdings Channel reports. The institutional investor bought 28,965 shares of the company’s stock, valued at approximately $6,354,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Winslow Capital Management LLC purchased a new stake in Snowflake during the 2nd quarter worth about $725,667,000. Coatue Management LLC purchased a new position in shares of Snowflake in the 3rd quarter valued at about $441,277,000. American Century Companies Inc. increased its holdings in shares of Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock valued at $474,766,000 after acquiring an additional 1,473,354 shares during the last quarter. Sei Investments Co. raised its position in shares of Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock worth $356,543,000 after acquiring an additional 1,165,515 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in Snowflake by 13.5% during the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after purchasing an additional 1,083,222 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Down 1.8%

Shares of NYSE SNOW opened at $149.15 on Tuesday. The firm’s 50-day moving average is $172.51 and its two-hundred day moving average is $214.14. The company has a market capitalization of $51.56 billion, a PE ratio of -37.76 and a beta of 1.23. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the company posted $0.30 EPS. The company’s revenue was up 30.1% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

SNOW has been the topic of several research analyst reports. Canaccord Genuity Group cut their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. UBS Group reduced their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Mizuho decreased their price objective on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research note on Thursday, February 26th. Finally, DA Davidson cut their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.62.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Sundial announced it will join Snowflake and industry partners to support data+AI interoperability via the Open Semantic Interchange, a partnership that reinforces Snowflake’s positioning in enterprise AI ecosystems. Sundial Joins Snowflake
• Positive Sentiment: CEO Sridhar Ramaswamy discussed Project SnowWork and Snowflake’s roadmap for outcome-driven AI agents — messaging that highlights ongoing product innovation and enterprise traction. CEO on AI Risk & Product Innovation
• Neutral Sentiment: Analyst/press pieces note expanding AI workloads and partnerships that boost long-term opportunity, but they also flag near-term execution and valuation pressures. Useful context for investors evaluating tradeoffs. AI Workload Expansion
• Neutral Sentiment: Market commentary asking whether recent weakness makes SNOW worth reconsidering — these pieces review valuation and recent share-price moves rather than reporting new company fundamentals. Valuation/Recap Article
• Negative Sentiment: Director Michael L. Speiser sold 50,338 shares (and an additional 403 shares) on April 6 under a pre-arranged Rule 10b5-1 plan — a sizable, disclosed reduction in insider ownership that can amplify negative market reaction even if planned. SEC filing: Insider Sale SEC Filing
• Negative Sentiment: Multiple securities class actions and investor notices were filed/published alleging Snowflake failed to disclose material headwinds (claims tied to product changes and consumption impacts); several law firms are soliciting lead plaintiffs ahead of April 27 deadlines — heightened litigation risk and related headline risk. Examples: Levi & Korsinsky filing review and Schall Law Firm notice. Levi & Korsinsky Schall Law Firm

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares of the company’s stock, valued at $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 594,313 shares of company stock valued at $108,831,780. Corporate 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.