Norges Bank Buys Shares of 4,440,606 Snowflake Inc. $SNOW

Norges Bank bought a new stake in Snowflake Inc. (NYSE:SNOW) during the 4th quarter, Holdings Channel reports. The fund bought 4,440,606 shares of the company’s stock, valued at approximately $974,091,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after buying an additional 51 shares during the period. HHM Wealth Advisors LLC lifted its stake in Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares during the period. Hazlett Burt & Watson Inc. lifted its stake in Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after buying an additional 49 shares during the period. Finally, Ameriflex Group Inc. lifted its stake in Snowflake by 252.2% in the third quarter. Ameriflex Group Inc. now owns 162 shares of the company’s stock valued at $37,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Stock Up 7.0%

SNOW stock opened at $255.94 on Friday. 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 business has a 50 day moving average price of $156.69 and a two-hundred day moving average price of $190.95. The company has a market cap of $88.48 billion, a price-to-earnings ratio of -72.71 and a beta of 1.08. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The business’s revenue was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Analysts anticipate that Snowflake Inc. will post -2.2 EPS for the current fiscal year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
• Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
• Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
• Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Snowflake in a research note on Thursday. DA Davidson increased their target price on Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC raised their price target on Snowflake from $200.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America raised their price target on Snowflake from $205.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Monness Crespi & Hardt raised their price target on Snowflake from $282.00 to $320.00 and gave the stock a “buy” rating in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $284.38.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the completion of the transaction, the executive vice president directly owned 510,477 shares in the company, valued at $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were 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 owned 30,236 shares of the company’s stock, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 889,413 shares of company stock worth $176,342,125 over the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

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.