TD Asset Management Inc Buys 58,283 Shares of Snowflake Inc. $SNOW

TD Asset Management Inc raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 73.5% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,533 shares of the company’s stock after acquiring an additional 58,283 shares during the period. TD Asset Management Inc’s holdings in Snowflake were worth $31,021,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after acquiring an additional 8,002 shares in the last quarter. Federated Hermes Inc. boosted its stake in Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after purchasing an additional 48,411 shares in the last quarter. Penserra Capital Management LLC grew its position in Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Vanguard Group Inc. increased its stake in Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. raised its holdings in shares of Snowflake by 102.9% in the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after buying an additional 105,000 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SNOW shares. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Scotiabank decreased their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research note on Thursday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $275.00 price objective on shares of Snowflake in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Snowflake Stock Performance

Shares of SNOW stock opened at $168.42 on Friday. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a market capitalization of $57.63 billion, a P/E ratio of -42.64 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The business’s 50 day moving average is $198.95 and its two-hundred day moving average is $222.58.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $66,583.66. Following the completion of the sale, the director directly owned 23,718 shares in the company, valued at approximately $3,918,687.96. The trade was a 1.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at $8,903,703.39. This represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is currently owned by corporate insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

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.