Park Avenue Securities LLC Raises Stock Holdings in Snowflake Inc. $SNOW

Park Avenue Securities LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 32.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,846 shares of the company’s stock after purchasing an additional 3,430 shares during the period. Park Avenue Securities LLC’s holdings in Snowflake were worth $3,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Snowflake during the second quarter worth about $6,845,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Snowflake during the 2nd quarter worth about $3,900,134,000. Rheos Capital Works Inc. increased its position in Snowflake by 102.9% during the 3rd quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares in the last quarter. Goldstream Capital Management Ltd purchased a new position in Snowflake in the second quarter valued at approximately $3,801,000. Finally, Newbridge Financial Services Group Inc. lifted its position in Snowflake by 81.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 20,141 shares of the company’s stock valued at $4,507,000 after buying an additional 9,052 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s expanded AI portfolio and deeper cloud partnerships are being highlighted as drivers of strong revenue growth and positioning the company as central to enterprise AI — a tailwind for long-term demand. SNOW’s Robust Portfolio Fuels Revenue Growth
• Positive Sentiment: Snowflake announced a deal to acquire Observe — an AI/observability platform built on Snowflake — in a transaction reported around $1B. Management says the deal accelerates AIops and observability features (helps troubleshoot AI agents and apps), which could expand product stickiness and cross-sell opportunities. The acquisition is subject to customary closing conditions; the purchase price and integration execution will be watched closely. Snowflake announces intent to buy Observe The Numbers Behind Snowflake’s $1 Billion Acquisition
• Positive Sentiment: Recent analyst support: Argus upgraded SNOW to Buy with a $300 target and Raymond James reiterated/assigned Outperform, reinforcing optimism about Snowflake’s transition from data warehouse to AI platform — analyst upgrades can boost sentiment and attract flows. (Coverage noted in market reports.)
• Neutral Sentiment: Last reported results showed a revenue beat and continued high growth (revenue up ~29% year/year and an EPS beat in early December), supporting the narrative of strong enterprise traction — but profitability remains negative and is being closely scrutinized by the market.
• Negative Sentiment: An executive (EVP) sold about $2.2M of SNOW stock, which can be interpreted by some investors as a near-term negative signal about insider confidence or a simple liquidity/portfolio move. EVP Stock Sale
• Negative Sentiment: Valuation and profitability concerns remain loud in the market — commentary argues Snowflake’s “profitability pivot” could trade off growth investments, and some analysts urge caution despite AI tailwinds. Those critiques can pressure the shares as investors weigh growth vs margin expansion. Profitability Pivot May Be A Trap
• Negative Sentiment: SNOW has shown intra-session weakness recently while the broader market gained, indicating short-term profit-taking or rotation into other AI names; watch volume and whether the stock holds near its 200-day SMA for technical support. SNOW Stock Dips While Market Gains

Insider Buying and Selling

In other news, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the sale, the senior vice president owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Emily Ho sold 1,072 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total transaction of $239,731.36. Following the transaction, the chief accounting officer directly owned 43,809 shares in the company, valued at $9,797,006.67. The trade was a 2.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 418,681 shares of company stock worth $96,073,145. 6.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SNOW. Cowen restated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on Snowflake from $272.00 to $299.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Scotiabank reaffirmed an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.97.

Snowflake Price Performance

SNOW stock opened at $218.80 on Friday. The stock’s 50 day moving average is $238.70 and its two-hundred day moving average is $229.06. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The company has a market capitalization of $74.87 billion, a PE ratio of -54.16 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. Analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

About Snowflake

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.