Dana Investment Advisors Inc. Grows Holdings in Snowflake Inc. $SNOW

Dana Investment Advisors Inc. boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 82.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,104 shares of the company’s stock after buying an additional 33,592 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Snowflake were worth $16,714,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Snowflake during the second quarter valued at approximately $944,895,000. Winslow Capital Management LLC purchased a new position in Snowflake during the 2nd quarter worth $725,667,000. Jennison Associates LLC increased its holdings in Snowflake by 20.5% during the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock worth $1,790,309,000 after purchasing an additional 1,363,389 shares during the period. Sei Investments Co. raised its position in Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after purchasing an additional 1,165,515 shares in the last quarter. Finally, Vanguard Group Inc. raised its position 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 in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake expanded Cortex Code CLI to support non‑Snowflake data sources (dbt, Apache Airflow), broadening its developer tooling and AI workflows — a feature that can deepen enterprise adoption. Snowflake Cortex Code Expands Towards Supporting Any Data, Anywhere
• Positive Sentiment: Customer adoption update: Wolfspeed has expanded use of Snowflake’s AI Data Cloud to unify factory, supply‑chain and enterprise data — a concrete example of industry adoption that supports Snowflake’s AI platform story. Snowflake Inc. (SNOW) Expands AI Reach With Strategic Partnerships and Industry Adoption
• Positive Sentiment: Citi told investors the recent ~30% pullback looks like an overreaction and maintained a Buy stance, signaling confidence among some sell‑side analysts in Snowflake’s longer‑term growth despite recent volatility. Citi Notes Snowflake’s (SNOW) 30% Pull Back to Be an Overreaction
• Neutral Sentiment: Earnings event: Snowflake reports fiscal Q4 results after the close on Feb. 25 — investors will focus on revenue growth, margins and forward guidance for signs of enterprise spending stabilization. What’s Going On With Snowflake Stock Monday?
• Neutral Sentiment: Pre‑earnings commentary: Several analyst writeups (Zacks, market pieces) debate buy/hold/sell positions ahead of results — increasing short‑term volatility but not changing the company’s long‑term AI narrative. Should You Buy, Sell, or Hold SNOW Stock Before Q4 Earnings Release?
• Neutral Sentiment: BTIG lowered its price target (from $312 to $235) but kept a Buy rating — a mixed signal: bullish stance but tempered near‑term expectations. SNOW – Snowflake price target lowered by at BTIG
• Negative Sentiment: Fund selling: Artisan Mid Cap Fund sold its Snowflake position citing elevated valuation — a direct signal that some institutional holders are trimming exposure. Artisan Mid Cap Fund Sold Snowflake (SNOW) Due to Elevated Valuation
• Negative Sentiment: Insider selling: a Snowflake director recently sold roughly $17.7M of shares, and the move was flagged by market coverage — typically perceived as a negative near‑term signal. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $17,691,000.00 in Stock
• Negative Sentiment: Additional analyst target cuts and the recent big pullback have reinforced valuation concerns; these headline revisions can pressure the stock even when fundamentals (revenue growth, product momentum) remain constructive. Analyst Coverage/Price Target Notes

Snowflake Trading Down 8.8%

Shares of NYSE:SNOW opened at $157.24 on Tuesday. The business’s 50-day moving average is $203.13 and its 200 day moving average is $223.68. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm has a market capitalization of $53.81 billion, a P/E ratio of -38.92 and a beta of 1.14.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The company’s revenue was up 28.7% on a year-over-year basis. On average, research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

SNOW has been the subject of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Needham & Company LLC restated a “buy” rating and issued a $280.00 price target on shares of Snowflake in a report on Thursday, December 4th. Wells Fargo & Company upped their price target on shares of Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Evercore lifted their price objective on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, KeyCorp reduced their price objective on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $265.63.

Insider Activity at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the firm’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 transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the sale, the director owned 50,329 shares of the company’s stock, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 713,681 shares of company stock worth $148,264,518 in the last quarter. 6.80% of the stock is currently owned by company insiders.

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.