Caisse Des Depots ET Consignations Makes New $2 Million Investment in Snowflake Inc. $SNOW

Caisse Des Depots ET Consignations bought a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,850 shares of the company’s stock, valued at approximately $1,996,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Snowflake by 2.2% during the second quarter. Vanguard Group Inc. now owns 27,789,761 shares of the company’s stock valued at $6,218,515,000 after acquiring an additional 595,553 shares in the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after purchasing an additional 1,083,222 shares during the period. State Street Corp grew its position in shares of Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after purchasing an additional 94,293 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after purchasing an additional 652,485 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Snowflake by 3.1% in 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. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Down 2.1%

Shares of NYSE SNOW opened at $178.83 on Thursday. The company has a market cap of $61.20 billion, a price-to-earnings ratio of -44.27 and a beta of 1.14. The firm’s fifty day moving average is $210.77 and its 200 day moving average is $225.74. 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 Inc. has a 52 week low of $120.10 and a 52 week high of $280.67.

Snowflake (NYSE:SNOW) last posted its 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 return on equity of 45.91% and a negative net margin of 30.76%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the firm earned $0.20 earnings per share. Snowflake’s quarterly revenue was up 28.7% on a year-over-year basis. On average, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Big strategic catalyst — Snowflake expanded its AI stack via a reported $200M partnership with OpenAI, positioning SNOW deeper in enterprise AI deployments and potentially driving future ARR and upsells. Read More.
• Positive Sentiment: Enterprise integrations broaden data intake and stickiness: Experian announced integration with Snowflake’s AI Data Cloud, which can increase enterprise use cases and data flows into Snowflake. Read More.
• Positive Sentiment: Vertical customer wins — RESAAS integration enables proprietary real-estate data to feed directly into customer Snowflake environments, illustrating continued ecosystem traction. Read More.
• Positive Sentiment: Technical/market catalyst — coverage noting heavy short interest across software names suggests a short-squeeze possibility that could amplify rallies in SNOW if sentiment stabilizes. Read More.
• Neutral Sentiment: Macro/sector framing — strategists say recent AI-fueled fears created a buying opportunity in quality software names, which could support a rebound in SNOW if macro sentiment improves. Read More.
• Neutral Sentiment: Market noise — recent headlines and aggregator pieces explain intraday swings and analyst views, producing mixed short-term trading signals for SNOW. Read More.
• Negative Sentiment: Regulatory/legal overhang — a law firm announced an investigation into whether Snowflake or its officers complied with securities laws, creating downside risk from potential litigation, disclosures or settlement costs. Read More.
• Negative Sentiment: Short-term weakness / technicals — commentary and data show SNOW recently moved below key moving averages and underperformed the market on the latest session, and the company still reports negative net margins and ROE despite revenue beats, factors that can pressure valuation multiples. Read More.

Insider Transactions at Snowflake

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at approximately $10,406,527.33. The trade was a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 613,681 shares of company stock worth $130,573,518. 6.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SNOW shares. Guggenheim restated a “neutral” rating on shares of Snowflake in a research report on Wednesday, November 26th. Wedbush reissued an “outperform” rating and set a $270.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Oppenheimer restated an “outperform” rating on shares of Snowflake in a research report on Friday, November 21st. Cantor Fitzgerald lifted their target price on shares of Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Finally, TD Cowen reissued a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $274.68.

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.