Jupiter Asset Management Ltd. Buys 138,029 Shares of Snowflake Inc. $SNOW

Key Points

• Jupiter Asset Management boosted its Snowflake stake by 173.2% in Q4, buying 138,029 shares and bringing its total holding to 217,730 shares valued at about $47.8 million.
• Snowflake’s latest quarter beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while revenue grew 33.5% year over year.
• The company also raised its annual product revenue outlook and announced a $6 billion, five-year collaboration with Amazon Web Services, reinforcing optimism around AI and cloud demand.

Jupiter Asset Management Ltd. raised its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 173.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 217,730 shares of the company's stock after buying an additional 138,029 shares during the period. Jupiter Asset Management Ltd. owned about 0.06% of Snowflake worth $47,761,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company's stock valued at $6,601,790,000 after acquiring an additional 1,448,094 shares during the period. Jennison Associates LLC increased its position in 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 during the period. Geode Capital Management LLC increased its position in Snowflake by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after purchasing an additional 249,668 shares during the period. American Century Companies Inc. raised its holdings in Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock worth $474,766,000 after purchasing an additional 1,473,354 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Snowflake by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,089,150 shares of the company's stock valued at $471,208,000 after purchasing an additional 55,683 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 2,621 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the completion of the transaction, the director owned 22,509 shares of the company's stock, valued at $3,187,049.31. This trade represents a 1.76% 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. In the last ninety days, insiders sold 484,313 shares of company stock worth $81,766,598. Corporate insiders own 4.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNOW shares. Barclays raised their price objective on shares of Snowflake from $192.00 to $272.00 and gave the company an "equal weight" rating in a research note on Thursday. Truist Financial reissued a "buy" rating and issued a $275.00 price target (up from $240.00) on shares of Snowflake in a research note on Thursday. UBS Group lifted their price objective on Snowflake from $210.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank Of Canada increased their target price on Snowflake from $220.00 to $284.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Citigroup restated a "market outperform" rating on shares of Snowflake in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $283.74.

Snowflake Stock Performance

SNOW stock opened at $239.22 on Friday. Snowflake Inc. has a 1-year low of $118.30 and a 1-year 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. The firm has a market cap of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08. The business's 50-day moving average price is $155.03 and its two-hundred day moving average price is $190.49.

Snowflake (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.24 earnings per share. Snowflake's revenue was up 33.5% compared to the same quarter last year. As a group, research analysts forecast that Snowflake Inc. will post -2.16 earnings per share for the current year.

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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