170,307 Shares in Snowflake Inc. $SNOW Bought by BIT Capital GmbH

BIT Capital GmbH purchased a new stake in shares of Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 170,307 shares of the company’s stock, valued at approximately $38,413,000. Snowflake comprises 1.3% of BIT Capital GmbH’s investment portfolio, making the stock its 26th biggest position.

A number of other large investors have also modified their holdings of SNOW. Vanguard Group Inc. boosted its stake in Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the period. Jennison Associates LLC grew 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 worth $2,048,871,000 after buying an additional 1,083,222 shares in the last quarter. State Street Corp increased its position in Snowflake by 1.4% in the 2nd 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. Artisan Partners Limited Partnership increased its position in Snowflake by 15.2% in the 2nd 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. Finally, Geode Capital Management LLC grew its stake 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 purchasing an additional 133,059 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SNOW. Citigroup reduced their price objective on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a report on Wednesday. Mizuho lowered their price objective on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday. Morgan Stanley set a $270.00 target price on Snowflake in a research report on Thursday. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a report on Wednesday, February 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $285.00 target price on shares of Snowflake in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $269.84.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks reports Snowflake has hit a roughly $100M AI run‑rate early as new AI tools and major partnerships accelerate enterprise uptake — a catalyst for upside expectations. Zacks — Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst preview pieces highlight Snowflake’s shift to an enterprise AI platform (Cortex AI, Document AI) and the reported OpenAI partnership as medium‑term revenue drivers, supporting investor optimism ahead of earnings. Seeking Alpha — AI Data Cloud Inflection Point
• Positive Sentiment: Partner and product integrations continue: KPI Partners elevated its partnership tier with Snowflake, and Liquibase extended change‑control support to Snowflake — both expand ecosystem adoption and stickiness. KPI Partners press release Liquibase — Snowflake integration
• Neutral Sentiment: Citigroup cut its price target (from $300 to $270) but kept a Buy rating — a mixed signal that reduces upside but preserves analyst support. Benzinga — Citigroup PT cut
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating; other pieces discuss likely earnings beats, keeping near‑term expectations varied. Benzinga — Guggenheim reaffirmation Zacks — earnings expectations
• Negative Sentiment: Two plaintiff firms (Pomerantz LLP and Johnson Fistel) announced investigations/solicitations for Snowflake investors — these legal developments can pressure sentiment and add uncertainty. PR Newswire — Pomerantz alert Newsfile — Johnson Fistel
• Negative Sentiment: Director Frank Slootman sold 100,000 shares (~$17.7M at the reported price), materially reducing his holdings — a large insider sale can be viewed negatively by the market. SEC Form 4 — Slootman sale
• Negative Sentiment: Mizuho lowered its price target to $220 and coverage/other notes have coincided with negative headlines; some outlets reported SNOW trading down after a downgrade — analyst downgrades and PT cuts can create short‑term selling pressure. AmericanBankingNews — Mizuho PT cut AmericanBankingNews — trading reaction

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president directly owned 512,450 shares of the company’s stock, valued at $127,871,648.50. This trade represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Snowflake Price Performance

NYSE SNOW opened at $179.39 on Friday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The stock’s 50-day moving average price is $205.20 and its two-hundred day moving average price is $224.06. The company has a market cap of $61.39 billion, a PE ratio of -44.40 and a beta of 1.14. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $1.21 billion for 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% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. On average, analysts predict that Snowflake Inc. will post -2.36 EPS for the current 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.