Snowflake Inc. $SNOW Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 3.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 59,472 shares of the company’s stock after purchasing an additional 1,987 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Snowflake were worth $20,194,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Novem Group bought a new stake in shares of Snowflake in the 3rd quarter valued at approximately $254,000. Fairvoy Private Wealth LLC bought a new position in Snowflake during the third quarter worth $1,739,000. Clark Financial Services Group Inc. BD lifted its stake in Snowflake by 13.9% during the third quarter. Clark Financial Services Group Inc. BD now owns 2,105 shares of the company’s stock worth $715,000 after purchasing an additional 257 shares during the last quarter. Kercheville Advisors LLC bought a new position in Snowflake during the third quarter worth $244,000. Finally, Abel Hall LLC boosted its holdings in Snowflake by 3.8% in the third quarter. Abel Hall LLC now owns 1,189 shares of the company’s stock worth $404,000 after purchasing an additional 44 shares during the period. Institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SNOW. DA Davidson boosted their target price on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Mizuho set a $425.00 target price on shares of Snowflake in a report on Thursday, September 3rd. Rosenblatt Securities raised their price target on shares of Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Citizens Jmp lifted their price target on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a report on Thursday, September 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $450.00 price target on shares of Snowflake in a report on Monday, October 12th. Thirty-six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s consumption-based cloud data platform continues to benefit from AI adoption. The company’s revenue recently grew 35% year over year to $1.55 billion, exceeding analyst expectations, while adjusted earnings also surpassed estimates. Its partnerships and collaborations around secure data movement, sovereign AI and government workloads could create additional demand for Snowflake’s platform. Snowflake Grows Revenue 35% and Still Loses Money on Every Dollar
• Positive Sentiment: Broader optimism about the AI infrastructure spending cycle is supporting Snowflake’s investment narrative. Technology analyst Dan Ives argued that the AI buildout remains in its early stages, with Snowflake among the companies positioned to benefit as enterprises direct more spending toward data, computing and AI applications. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Recent commentary highlights Snowflake’s strong market performance and the possibility of further gains ahead of its next earnings report. However, these are largely market outlooks and price predictions rather than new company fundamentals. Price Prediction: Snowflake Will Hit $400 on This Date
• Negative Sentiment: Investors remain concerned that Snowflake still loses money despite rapid revenue growth. The company has a negative net margin and negative return on equity, while its elevated valuation leaves less room for disappointing consumption trends, weaker AI spending or cautious corporate budgets. Comparisons with more profitable technology companies also expose Snowflake’s ongoing path to sustained earnings as a risk. UiPath vs. Snowflake: Which Technology Stock Is a Better Buy?

Insider Transactions at Snowflake

In other Snowflake news, Director Michael Speiser sold 403 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $344.00, for a total value of $138,632.00. Following the sale, the director directly owned 21,767 shares in the company, valued at approximately $7,487,848. This trade represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 768 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $332.93, for a total transaction of $255,690.24. Following the transaction, the chief accounting officer directly owned 39,958 shares of the company’s stock, valued at approximately $13,303,216.94. This trade represents a 1.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 946,429 shares of company stock valued at $313,903,628 over the last three months. 4.80% of the stock is currently owned by company insiders.

Snowflake Trading Up 1.3%

Shares of NYSE SNOW opened at $319.56 on Wednesday. The company has a market cap of $112.74 billion, a price-to-earnings ratio of -100.49 and a beta of 1.35. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock’s 50 day simple moving average is $332.54 and its 200 day simple moving average is $257.95.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. Equities research analysts expect that Snowflake Inc. will post -1.44 EPS for the current year.

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.