Rakuten Investment Management Inc. Acquires 2,512 Shares of Snowflake Inc. $SNOW

Rakuten Investment Management Inc. boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 13.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,409 shares of the company’s stock after purchasing an additional 2,512 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Snowflake were worth $7,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after purchasing an additional 544,960 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Snowflake by 76.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock valued at $176,736,000 after buying an additional 509,230 shares during the last quarter. Swiss National Bank grew its position in shares of Snowflake by 7.1% during the first quarter. Swiss National Bank now owns 944,600 shares of the company’s stock worth $142,465,000 after buying an additional 62,600 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after buying an additional 453,342 shares in the last quarter. Finally, CI Investments Inc. grew its position in shares of Snowflake by 34.6% during the first quarter. CI Investments Inc. now owns 720,810 shares of the company’s stock worth $108,713,000 after buying an additional 185,261 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Price Performance

Shares of SNOW opened at $269.26 on Friday. The firm has a market cap of $94.99 billion, a price-to-earnings ratio of -84.67 and a beta of 1.32. The stock has a 50 day moving average of $329.01 and a 200-day moving average of $241.31. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results 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. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. As a group, analysts forecast that Snowflake Inc. will post -1.42 EPS for the current year.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $325.57, for a total transaction of $4,883,550.00. Following the sale, the executive vice president directly owned 325,379 shares of the company’s stock, valued at approximately $105,933,641.03. This represents a 4.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 50,000 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the sale, the director directly owned 10,074 shares in the company, valued at $3,525,900. This trade represents a 83.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,135,702 shares of company stock valued at $373,733,800. Company insiders own 4.80% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s new autonomous AI agents, enterprise data controls, and tools for moving AI agents from pilots into production could support customer adoption and usage. Article: Snowflake unveils autonomous AI agents Article: Innovations for the agentic enterprise
• Positive Sentiment: A Zacks article says SNOW has gained 32.5% year to date, citing AI adoption, customer growth, and higher revenue guidance as drivers—though it also flags the stock’s premium valuation. Article: Snowflake’s year-to-date performance
• Neutral Sentiment: A bullish growth analysis argues Wall Street may be underestimating Snowflake, but its ambitious 2027 valuation depends on the multiple investors are willing to assign the company. Article: Snowflake’s growth potential
• Negative Sentiment: Valuation remains a risk: the stock’s premium leaves it vulnerable if investors question whether AI-related growth can justify expectations.
• Negative Sentiment: Broader selling in software stocks, alongside concerns raised by a peer’s revenue outlook, may be adding pressure to SNOW. Article: Software stocks and Datadog’s outlook
• Negative Sentiment: EVP Christian Kleinerman sold 10,000 shares for about $3.06 million. The sale was made under a pre-arranged Rule 10b5-1 plan, and he retained 303,738 shares, tempering the bearish signal. SEC filing on the insider sale

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SNOW shares. Canaccord Genuity Group lifted their price target on shares of Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Wells Fargo & Company increased their price objective on shares of Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Stifel Nicolaus increased their price objective on shares of Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Morgan Stanley raised their price objective on shares of Snowflake from $300.00 to $470.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Finally, Bank of America boosted their target price on shares of Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $413.87.

Snowflake Company Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.