National Pension Service Raises Stock Holdings in Snowflake Inc. $SNOW

National Pension Service increased its stake in Snowflake Inc. (NYSE:SNOW) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 690,349 shares of the company’s stock after purchasing an additional 21,915 shares during the period. National Pension Service owned approximately 0.20% of Snowflake worth $175,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Engineers Gate Manager LP lifted its position in Snowflake by 434.3% during the second quarter. Engineers Gate Manager LP now owns 156,869 shares of the company’s stock valued at $39,923,000 after purchasing an additional 127,511 shares during the last quarter. NorthRock Partners LLC increased its holdings in shares of Snowflake by 30.1% in the 2nd quarter. NorthRock Partners LLC now owns 2,747 shares of the company’s stock worth $699,000 after buying an additional 635 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Snowflake by 31.1% in the 2nd quarter. IFP Advisors Inc now owns 19,978 shares of the company’s stock worth $5,084,000 after buying an additional 4,736 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of Snowflake by 2.3% during the 2nd quarter. Baird Financial Group Inc. now owns 32,876 shares of the company’s stock valued at $8,367,000 after buying an additional 748 shares in the last quarter. Finally, Stableford Capital II LLC raised its position in shares of Snowflake by 6.9% during the 2nd quarter. Stableford Capital II LLC now owns 4,068 shares of the company’s stock valued at $1,035,000 after buying an additional 262 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 2,730 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $335.72, for a total value of $916,515.60. Following the transaction, the executive vice president owned 319,887 shares in the company, valued at approximately $107,392,463.64. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Mark Garrett sold 50,000 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the transaction, the director owned 10,074 shares in the company, valued at $3,525,900. The trade was a 83.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,231,902 shares of company stock valued at $353,686,703. 4.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on SNOW shares. Benchmark upped their target price on shares of Snowflake from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Cantor Fitzgerald raised their price target on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Stifel Nicolaus lifted their price target on Snowflake from $350.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. BTIG Research upped their price objective on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Finally, Needham & Company LLC increased their price objective on Snowflake from $330.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Snowflake Stock Performance

Shares of SNOW stock opened at $329.00 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.05 and a current ratio of 0.94. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The stock has a 50 day moving average price of $303.83 and a two-hundred day moving average price of $225.02. The company has a market capitalization of $114.03 billion, a P/E ratio of -103.46 and a beta of 1.33.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 35.1% compared to the same quarter last year. Analysts expect that Snowflake Inc. will post -1.62 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI is accelerating growth: Snowflake’s Q2 fiscal 2027 results showed 37% year-over-year product-revenue growth, stronger-than-expected adjusted earnings and revenue, and continued momentum in AI-related workloads. Management said customers are expanding data consumption as they adopt Snowflake’s Cortex AI and other services. Snowflake Q2 2027 Earnings Call Transcript
• Positive Sentiment: Customer case study reinforces product demand: Indian technology and commerce company Swiggy said Snowflake helped make its data workloads 96% faster. The companies are expanding their partnership across food delivery, quick commerce and dining, providing evidence of enterprise value and potential for broader usage. Swiggy Credits Snowflake for Making Data Workloads 96% Faster
• Positive Sentiment: Management remains confident: At Citi’s Global TMT Conference, Snowflake executives discussed AI adoption, customer consumption and the opportunity to build an expanding data-and-AI platform. The commentary supports the view that AI could create a recurring “flywheel” of higher workloads and revenue. Snowflake Citi 2026 Global TMT Conference Transcript
• Neutral Sentiment: Exchange-traded funds are being highlighted as a way to gain exposure to Snowflake’s post-earnings AI momentum while reducing single-stock risk. The coverage may broaden investor interest, but it does not represent new company-specific financial information. Should You Tap Snowflake’s Post-Earnings Rally Via ETFs?
• Negative Sentiment: Valuation leaves little room for disappointment: Analysts note that the stock has already priced in substantial AI success and sustained growth. Any slowdown in consumption, monetization or margins could trigger further profit-taking. Snowflake: The AI Story Is Real, But The Stock Has Priced In A Perfect Execution
• Negative Sentiment: Large director sales may weigh on sentiment: Director Mark Garrett sold 50,000 shares for $17.5 million, while Michael Speiser sold roughly 50,741 shares for about $18 million. Speiser’s transactions were made under a pre-arranged Rule 10b5-1 plan, reducing their usefulness as a bearish signal, but the size of the sales could still encourage near-term profit-taking. Snowflake Insider Selling Alert

Snowflake Company Profile

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.