Nordea Investment Management AB Has $6.83 Million Holdings in Snowflake Inc. $SNOW

Nordea Investment Management AB grew its holdings in Snowflake Inc. (NYSE:SNOW) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,579 shares of the company’s stock after buying an additional 2,886 shares during the period. Nordea Investment Management AB’s holdings in Snowflake were worth $6,827,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC grew its stake in Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after buying an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after acquiring an additional 73 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Snowflake by 40.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 65,322 shares of the company’s stock valued at $14,468,000 after acquiring an additional 18,775 shares during the period. Finally, IFM Investors Pty Ltd lifted its position in Snowflake by 12.2% during the second quarter. IFM Investors Pty Ltd now owns 60,616 shares of the company’s stock worth $13,564,000 after acquiring an additional 6,596 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 1.4%

NYSE:SNOW opened at $210.66 on Friday. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $72.09 billion, a price-to-earnings ratio of -52.14 and a beta of 1.14. The firm has a fifty day simple moving average of $233.08 and a two-hundred day simple moving average of $228.74.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue was up 28.7% on a year-over-year basis. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity

In other news, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $9,797,006.67. This represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at approximately $11,164,482.07. This 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 90 days, insiders have sold 418,681 shares of company stock valued at $96,073,145. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SNOW. Evercore ISI lifted their target price on Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Raymond James Financial set a $250.00 price target on Snowflake in a research note on Monday, December 15th. Oppenheimer reiterated an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Royal Bank Of Canada restated an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Macquarie increased their price target on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $275.58.

Snowflake News Summary

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

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.