AustralianSuper Pty Ltd Makes New $25.37 Million Investment in Snowflake Inc. $SNOW

AustralianSuper Pty Ltd acquired a new position in Snowflake Inc. (NYSE:SNOW) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 115,675 shares of the company’s stock, valued at approximately $25,374,000.

Several other large investors also recently added to or reduced their stakes in SNOW. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake during the third quarter worth approximately $25,000. GoalVest Advisory LLC increased its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. increased its stake in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the last quarter. HHM Wealth Advisors LLC increased its position in shares of Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Snowflake during the 3rd quarter valued at approximately $34,000. 65.10% of the stock is owned by institutional investors.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

Insider Activity

In related news, EVP Christian Kleinerman sold 2,621 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the completion of the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president owned 273,323 shares of the company’s stock, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 384,313 shares of company stock worth $64,308,373 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SNOW. The Goldman Sachs Group cut their target price on Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Wells Fargo & Company reduced their target price on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Piper Sandler reduced their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Truist Financial set a $125.00 target price on shares of Snowflake in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Snowflake Price Performance

SNOW opened at $157.57 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $54.47 billion, a price-to-earnings ratio of -39.89 and a beta of 1.08. The business’s fifty day simple moving average is $155.02 and its 200-day simple moving average is $196.74. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, equities research analysts anticipate that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Snowflake Company 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.