Campbell & CO Investment Adviser LLC Takes $2.38 Million Position in Snowflake Inc. $SNOW

Campbell & CO Investment Adviser LLC purchased a new position in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,557 shares of the company’s stock, valued at approximately $2,381,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Snowflake by 2.2% during the second 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. Kingstone Capital Partners Texas LLC acquired a new stake in Snowflake in the second quarter worth $3,900,134,000. Jennison Associates LLC lifted its stake in Snowflake by 20.5% in the second quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after buying an additional 1,363,389 shares during the last quarter. State Street Corp boosted its holdings in shares of Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after acquiring an additional 94,293 shares during the period. Finally, Artisan Partners Limited Partnership boosted its holdings in shares of Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after acquiring an additional 652,485 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced an acquisition that integrates telemetry (observability/operational data) with its business‑intelligence stack — a strategic move that broadens use cases and could lift revenue per customer over time. Snowflake acquisition connects telemetry and business intelligence
• Positive Sentiment: KeyCorp maintains an Overweight rating and a $285 price target, providing a bullish analyst signal despite near‑term negative EPS estimates — this support can attract buyers and limit downside. MarketBeat SNOW page
• Neutral Sentiment: Zacks published a piece summarizing Wall Street analysts’ optimism for Snowflake; media attention on analyst ratings often moves shares but the piece is descriptive rather than revealing new fundamentals. Is Snowflake (SNOW) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: Rival ClickHouse raised funding and is now valued around $15B — a sign of intensifying competition in cloud data platforms that could pressure pricing and customer share over time. Snowflake, Databricks challenger ClickHouse hits $15B valuation
• Negative Sentiment: A bearish Seeking Alpha piece argues Snowflake is weakening and recommends avoiding the stock — such narrative pieces can amplify selling pressure among retail and momentum traders. Snowflake Is Melting: Avoid
• Negative Sentiment: Recent analyst downgrade coverage was reported to have pushed the stock lower yesterday, a reminder that sell‑side revisions still trigger short‑term moves even as some firms remain constructive. Snowflake (NYSE:SNOW) Stock Price Down 5.1% on Analyst Downgrade

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SNOW shares. The Goldman Sachs Group set a $286.00 price objective on shares of Snowflake in a research report on Monday, January 12th. Macquarie lifted their target price on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Cantor Fitzgerald raised their price objective on Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group set a $300.00 price target on shares of Snowflake in a report on Monday, November 24th. Finally, Canaccord Genuity Group increased their target price on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five 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 data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $275.58.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $219.90, for a total value of $2,199,000.00. Following the completion of the transaction, the executive vice president owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 418,681 shares of company stock worth $96,073,145 in the last 90 days. 6.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $210.66 on Friday. The company has a market cap of $72.09 billion, a price-to-earnings ratio of -52.14 and a beta of 1.14. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The business has a 50 day moving average price of $233.08 and a 200 day moving average price of $228.65. 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 posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the business posted $0.20 EPS. The business’s quarterly revenue was up 28.7% on a year-over-year basis. Research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current 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.