Jennison Associates LLC Acquires 1,083,222 Shares of Snowflake Inc. $SNOW

Jennison Associates LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,083,889 shares of the company’s stock after acquiring an additional 1,083,222 shares during the quarter. Snowflake comprises approximately 1.2% of Jennison Associates LLC’s holdings, making the stock its 27th largest holding. Jennison Associates LLC owned 2.68% of Snowflake worth $2,048,871,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SNOW. Vanguard Group Inc. increased its holdings in shares of Snowflake by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 27,789,761 shares of the company’s stock worth $6,218,515,000 after purchasing an additional 595,553 shares during the period. State Street Corp lifted its stake in shares of Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after buying an additional 94,293 shares during the period. Artisan Partners Limited Partnership grew its position in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after buying an additional 652,485 shares in the last quarter. Geode Capital Management LLC grew its position in Snowflake by 3.1% during the second quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock worth $986,057,000 after buying an additional 133,059 shares in the last quarter. Finally, Norges Bank bought a new position in Snowflake during the second quarter valued at about $944,895,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 618,681 shares of company stock worth $137,427,145. 6.80% of the stock is currently owned by insiders.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real‑time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium‑term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long‑term thesis, limited short‑term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined‑risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near‑term selling pressure. SEC filing: Frank Slootman sale

Wall Street Analyst Weigh In

A number of analysts have commented on SNOW shares. TD Cowen reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. The Goldman Sachs Group set a $286.00 target price on Snowflake in a research note on Monday, January 12th. Cantor Fitzgerald lifted their price target on shares of Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Raymond James Financial set a $250.00 price target on shares of Snowflake in a report on Monday, December 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $285.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and an average target price of $275.58.

Snowflake Stock Down 0.7%

Shares of NYSE:SNOW opened at $209.57 on Friday. The company’s fifty day moving average is $227.49 and its 200-day moving average is $228.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. 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 $71.72 billion, a PE ratio of -51.87 and a beta of 1.14.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm 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 firm’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the firm posted $0.20 EPS. Equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

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.