Assenagon Asset Management S.A. Sells 58,231 Shares of Snowflake Inc. $SNOW

Assenagon Asset Management S.A. trimmed its holdings in Snowflake Inc. (NYSE:SNOW) by 36.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 99,859 shares of the company’s stock after selling 58,231 shares during the period. Assenagon Asset Management S.A.’s holdings in Snowflake were worth $21,905,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fulton Bank N.A. grew its position in shares of Snowflake by 5.9% during the fourth quarter. Fulton Bank N.A. now owns 8,508 shares of the company’s stock worth $1,866,000 after purchasing an additional 473 shares in the last quarter. Nordea Investment Management AB lifted its holdings in Snowflake by 2.6% in the 4th quarter. Nordea Investment Management AB now owns 31,373 shares of the company’s stock worth $6,920,000 after purchasing an additional 794 shares in the last quarter. Lake Street Private Wealth LLC lifted its holdings in Snowflake by 0.5% in the 4th quarter. Lake Street Private Wealth LLC now owns 30,756 shares of the company’s stock worth $6,747,000 after purchasing an additional 145 shares in the last quarter. Parisi Gray Wealth Management boosted its stake in Snowflake by 1.7% in the 4th quarter. Parisi Gray Wealth Management now owns 3,797 shares of the company’s stock worth $833,000 after purchasing an additional 62 shares during the period. Finally, Aventura Private Wealth LLC bought a new position in Snowflake in the 4th quarter worth approximately $190,000. Institutional investors own 65.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SNOW shares. Piper Sandler reduced their price objective on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Citigroup dropped their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Oppenheimer reaffirmed a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. DA Davidson reduced their price target on shares of Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Scotiabank decreased their price target on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Up 1.1%

NYSE SNOW opened at $162.35 on Friday. The stock has a 50 day moving average price of $180.57 and a 200-day moving average price of $217.72. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.37 and a current ratio of 1.30. The company has a market capitalization of $55.56 billion, a P/E ratio of -41.10 and a beta of 1.16.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Stifel reaffirmed a Buy and raised conviction after management meetings, keeping a high price target that supports investor confidence in Snowflake’s growth trajectory. Read More.
• Positive Sentiment: Product/AI catalyst — Project SnowWork (Snowflake’s agentic AI initiative) and continued emphasis on AI integration are being cited as meaningful growth levers that could drive enterprise adoption and higher long‑term revenue multiple. Read More.
• Positive Sentiment: Partnerships and ecosystem momentum (e.g., third‑party integrations and platform tie‑ins) are reinforcing product adoption and cross‑sell potential, helping underpin the near‑term bullish narrative. Read More.
• Neutral Sentiment: Context pieces note Snowflake’s strong revenue growth and AI tailwinds but highlight intensifying cloud competition — supportive for longer‑term upside but mixed for near‑term multiples. Read More.
• Negative Sentiment: Legal headline risk — multiple law firms have filed investor alerts and class‑action notices with an April 27, 2026 lead‑plaintiff deadline, creating ongoing headline and litigation risk that can weigh on the stock. Read More.
• Negative Sentiment: Insider selling — recent SEC filings show sales by senior executives (EVP and CAO); such disclosures have driven short‑term selling and negative headlines. Read More.
• Negative Sentiment: Sector volatility — broader SaaS/AI market swings (e.g., new AI agent capabilities from competitors) are amplifying short‑term outflows and can pressure Snowflake alongside peers. Read More.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the sale, the director directly owned 50,329 shares in the company, valued at $10,406,527.33. The trade was a 79.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the sale, the executive vice president owned 471,351 shares in the company, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 612,238 shares of company stock valued at $116,741,495. Corporate insiders own 6.80% of the company’s stock.

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.