Snowflake Inc. $SNOW Shares Purchased by Swiss National Bank

Swiss National Bank boosted its stake in Snowflake Inc. (NYSE:SNOW) by 7.1% in the first quarter, Holdings Channel reports. The fund owned 944,600 shares of the company’s stock after buying an additional 62,600 shares during the quarter. Swiss National Bank’s holdings in Snowflake were worth $142,465,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SNOW. Norges Bank purchased a new stake in shares of Snowflake during the fourth quarter valued at approximately $974,091,000. Jennison Associates LLC grew its holdings in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Snowflake during the 4th quarter valued at $345,619,000. Vanguard Group Inc. increased its stake in Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in Snowflake by 445.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,490,569 shares of the company’s stock worth $326,971,000 after buying an additional 1,217,350 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Snowflake from $245.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Canaccord Genuity Group lifted their target price on Snowflake from $240.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. KeyCorp boosted their price target on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday. Benchmark increased their price target on Snowflake from $200.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Thirty-four research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $296.00.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

Insider Transactions at Snowflake

In related news, Director Mark Garrett sold 100,000 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the sale, the director owned 8,801 shares of the company’s stock, valued at $2,200,250. This represents a 91.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $141.60, for a total transaction of $7,127,860.80. Following the sale, the director owned 28,556 shares in the company, valued at approximately $4,043,529.60. This trade represents a 63.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,802,015 shares of company stock worth $421,739,629. 4.80% of the stock is currently owned by insiders.

Snowflake Stock Performance

Shares of SNOW opened at $268.85 on Monday. The business’s fifty day moving average price is $227.43 and its 200 day moving average price is $193.44. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $284.99. The stock has a market capitalization of $93.18 billion, a PE ratio of -76.38 and a beta of 1.35. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The firm’s revenue was up 33.5% on a year-over-year basis. Equities research analysts forecast that Snowflake Inc. will post -1.84 EPS for the current year.

Snowflake Company 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.