66,389 Snowflake Inc. $SNOW Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Snowflake stake by 28.9%, purchasing 66,389 shares to own 296,060 shares valued at approximately $100.5 million. Institutional investors collectively hold 65.1% of the company.
• Snowflake reported quarterly revenue of $1.55 billion, up 35.1% year over year, and adjusted EPS of $0.62, exceeding analysts’ $0.45 estimate, though the company remained unprofitable with a negative net margin.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $413.87, while insiders sold approximately $408.8 million of stock over the past 90 days.

Robeco Institutional Asset Management B.V. increased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 28.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,060 shares of the company's stock after acquiring an additional 66,389 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.08% of Snowflake worth $100,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Basecamp Wealth Advisors LLC increased its holdings in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock valued at $30,000 after acquiring an additional 118 shares during the last quarter. Emerald Advisers LLC boosted its holdings in shares of Snowflake by 95.2% during the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after purchasing an additional 100 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of Snowflake by 98.0% during the 3rd quarter. Mather Group LLC. now owns 101 shares of the company's stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Ninety One UK Ltd bought a new position in shares of Snowflake during the 3rd quarter valued at about $36,000. Finally, Global Assets Advisory LLC purchased a new position in shares of Snowflake during the first quarter valued at about $37,000. Institutional investors own 65.10% of the company's stock.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $323.03 on Thursday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $384.56. The stock has a market capitalization of $113.96 billion, a P/E ratio of -101.58 and a beta of 1.35. The firm has a fifty day simple moving average of $332.33 and a two-hundred day simple moving average of $259.15. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the business earned $0.35 EPS. The company's quarterly revenue was up 35.1% on a year-over-year basis. On average, analysts expect that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $16,312,532.28. Following the sale, the director owned 26,036 shares of the company's stock, valued at approximately $8,437,226.16. This represents a 65.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the sale, the executive vice president owned 340,379 shares of the company's stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,246,429 shares of company stock valued at $408,832,628 over the last ninety days. 4.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on SNOW. JPMorgan Chase & Co. lifted their target price on Snowflake from $285.00 to $426.00 and gave the stock an "overweight" rating in a report on Thursday, September 3rd. BTIG Research increased their price target on Snowflake from $340.00 to $424.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. TD Cowen increased their price target on Snowflake from $370.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, September 3rd. Jefferies Financial Group set a $430.00 price target on Snowflake and gave the company a "buy" rating in a report on Thursday, September 3rd. Finally, Yorkville Ives started coverage on Snowflake in a research note on Monday, October 5th. They issued an "outperform" rating and a $400.00 price objective on the stock. Thirty-six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $413.87.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst Dan Ives argues that the artificial-intelligence spending cycle is still in its early stages, with less than 15% of potential investment completed. Snowflake is identified as a key data and cloud infrastructure beneficiary if enterprise AI adoption continues for several years. The AI Buildout Is Only 15% Complete
• Positive Sentiment: BNP says Snowflake’s AI monetization efforts are advancing, providing a potentially important growth catalyst as customers increasingly use the platform for AI workloads. The opportunity is tempered by Salesforce’s view that adoption remains at an early stage. Snowflake AI Monetization Efforts
• Positive Sentiment: Wall Street brokerages continue to rate Snowflake a “Moderate Buy,” indicating that analysts broadly see upside despite valuation and profitability risks. Snowflake Rated Moderate Buy
• Positive Sentiment: Snowflake’s collaboration with Lumen Technologies on secure data movement, AI workloads and sovereign AI infrastructure could expand its exposure to government and enterprise AI use cases. AI Data Partnerships
• Neutral Sentiment: Snowflake is promoting its 2026 Global Startup Challenge, an initiative intended to encourage startups to build on its platform. It supports ecosystem development but does not immediately change financial forecasts. Global Startup Challenge 2026
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his ownership by 94%. The sale occurred under a pre-arranged Rule 10b5-1 plan, which reduces its informational value, but the size of the transaction may still pressure sentiment. SEC Insider Sale Filing
• Negative Sentiment: Snowflake continues to grow rapidly but remains unprofitable. Recent coverage highlighted approximately 35% revenue growth alongside losses, reinforcing concerns about valuation, margins and the company’s path to sustainable earnings. Snowflake Revenue Growth and Losses

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.