Harel Insurance Investments & Financial Services Ltd. Boosts Holdings in Snowflake Inc. $SNOW

Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 247.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 662,603 shares of the company's stock after buying an additional 471,668 shares during the period. Snowflake comprises about 1.3% of Harel Insurance Investments & Financial Services Ltd.'s holdings, making the stock its 23rd biggest position. Harel Insurance Investments & Financial Services Ltd. owned about 0.19% of Snowflake worth $145,349,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company's stock worth $165,123,000 after purchasing an additional 8,002 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock worth $92,047,000 after purchasing an additional 48,411 shares in the last quarter. Assetmark Inc. increased its stake in shares of Snowflake by 99.1% in the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company's stock worth $43,577,000 after purchasing an additional 98,870 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Snowflake in the third quarter worth about $116,882,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Insider Activity

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the completion of the sale, the senior vice president directly owned 273,323 shares in the company, valued at $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the sale, the executive vice president owned 510,477 shares of the company's stock, valued at approximately $84,233,809.77. The trade was a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 435,054 shares of company stock worth $72,691,801 in the last three months. Insiders own 6.80% of the company's stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several recent research reports. TD Cowen reduced their target price on shares of Snowflake from $270.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Barclays reduced their target price on shares of Snowflake from $204.00 to $192.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. The Goldman Sachs Group reduced their target price on shares of Snowflake from $286.00 to $246.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $250.00 target price on shares of Snowflake in a research note on Monday, February 23rd. Finally, Morgan Stanley reduced their target price on shares of Snowflake from $270.00 to $245.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.19.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $141.75 on Wednesday. The company has a 50 day moving average of $157.50 and a 200 day moving average of $201.76. The stock has a market cap of $49.00 billion, a P/E ratio of -35.89 and a beta of 1.08. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during 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 revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts' consensus price targets imply large upside versus the current share price, suggesting buy-side conviction and potential price support if analyst optimism persists. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Positive Sentiment: o9 Solutions announced an integration using Snowflake’s Connected Application framework to link the o9 Digital Brain to Snowflake’s AI Data Cloud — a partnership that can drive additional enterprise adoption and usage-based revenue over time. o9 Solutions Announces Connected Application on Snowflake to Advance Enterprise Planning on a Unified Data Foundation
• Neutral Sentiment: Bank of America reiterated a Buy rating but trimmed its price target (from $275 to $195), which signals continued bullish conviction but reduces near-term upside expectations and may cap momentum. BofA Maintains Buy Rating on Snowflake (SNOW)
• Neutral Sentiment: Media pieces highlighting broad broker/analyst buy consensus reinforce positive narrative but note the usual caveats about analyst optimism; such coverage can support interest but is not a catalyst on its own. Brokers Suggest Investing in Snowflake (SNOW): Read This Before Placing a Bet
• Neutral Sentiment: Snowflake set its Q1 FY2027 earnings release for May 27, which creates an upcoming catalyst for volatility — investors should expect guidance and usage metrics that could swing the stock. Snowflake to Announce Financial Results for the First Quarter of Fiscal 2027 on May 27, 2026
• Negative Sentiment: Large director share sales (executed under a pre-arranged Rule 10b5-1 plan) were disclosed — while pre-arranged plans reduce informational concern, the magnitude of the sales can weigh on sentiment if investors view insider selling as a negative signal. SEC Filing: Insider Form 4 — Michael L. Speiser

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.

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