Danske Bank A S Takes Position in Snowflake Inc. $SNOW

Danske Bank A S acquired a new position in Snowflake Inc. (NYSE:SNOW) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 163,368 shares of the company’s stock, valued at approximately $36,848,000.

Several other hedge funds have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. grew its position in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares during the last quarter. Diligent Investors LLC raised its holdings in shares of Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the last quarter. Coastline Trust Co boosted its position in shares of Snowflake by 1.0% during the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares during the period. CX Institutional grew its holdings in Snowflake by 13.2% in the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after buying an additional 49 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. grew its holdings in Snowflake by 44.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after buying an additional 49 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced Project SnowWork, a research‑preview autonomous enterprise AI platform that executes multi‑step tasks from conversational prompts — a strategic push from insights to execution that could expand product uptake and monetization of agentic AI capabilities. Snowflake Launches Project SnowWork
• Positive Sentiment: Coverage highlights the autonomous AI layer as differentiated product innovation (agentic AI that “does the work”), which supports Snowflake’s narrative of expanding AI features and partner integrations. Infoworld: Snowflake’s new autonomous AI layer
• Positive Sentiment: Bank of America reiterated a Buy rating and $275 price target after an investor meeting, signaling continued analyst conviction that Snowflake can grow despite sector headwinds. Bank of America reiterates Buy
• Neutral Sentiment: Recent commentary reiterates Snowflake’s solid Q4/product momentum (≈30% revenue growth, expanded AI features), but some analysts remain cautious about valuation and competitive pressure from Databricks. Revenue beats; mixed analyst views
• Neutral Sentiment: Company executives discussed Project SnowWork on NYSE media, giving investors more color on capabilities and go‑to‑market plans — useful for judging adoption timing but not an immediate revenue inflection. NYSE interview on Project SnowWork
• Negative Sentiment: Numerous law firms issued class‑action notices and investor alerts related to purchases between June 27, 2023 and Feb 28, 2024, with an April 27, 2026 deadline to seek lead‑plaintiff status — a wave of litigation headlines that can pressure the stock, increase legal costs, and create uncertainty. GlobeNewswire: Investor Alert (RGRD Law)
• Negative Sentiment: The litigation notices are broad and repeated by multiple firms (Robbins LLP, Levi & Korsinsky, Pomerantz, Rosen, etc.), amplifying media coverage and short‑term investor concern. PR Newswire: Robbins LLP notice

Wall Street Analyst Weigh In

SNOW has been the topic of several recent analyst reports. BTIG Research cut their target price on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a research note on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research note on Thursday, January 8th. Finally, Needham & Company LLC reduced their price objective on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Insider Buying and Selling

In other Snowflake news, 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 transaction, the director owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the 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 sale, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 513,303 shares of company stock worth $99,644,391 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $173.20 on Thursday. The firm’s 50 day moving average is $186.27 and its 200-day moving average is $220.27. The stock has a market capitalization of $59.27 billion, a P/E ratio of -43.85 and a beta of 1.16. 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 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 earnings per share. Equities research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal 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.