KBC Group NV Purchases 330,639 Shares of Snowflake Inc. $SNOW

Key Points

• KBC Group NV boosted its stake by 513.5% in Q4, acquiring 330,639 shares to hold 395,031 shares (about 0.12% of Snowflake) valued at roughly $86.65 million.
• Wall Street consensus remains a Moderate Buy with a $242.86 average target, though several firms recently trimmed price targets (e.g., Wells Fargo to $210, Morgan Stanley to $245, Barclays to $192, KeyCorp to $200).
• Insiders sold 594,313 shares (~$108.8M) over the last three months and multiple securities‑fraud class actions raise legal risk, while Snowflake posted a quarterly revenue beat (revenue +30%) but still has negative margins and a negative EPS outlook.

KBC Group NV boosted its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 513.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 395,031 shares of the company's stock after acquiring an additional 330,639 shares during the quarter. KBC Group NV owned 0.12% of Snowflake worth $86,653,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock worth $6,461,465,000 after buying an additional 857,832 shares in the last quarter. Jennison Associates LLC lifted its stake in Snowflake by 13.5% during the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company's stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares in the last quarter. American Century Companies Inc. boosted 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 acquiring an additional 1,473,354 shares during the last quarter. Northern Trust Corp boosted its holdings in Snowflake by 2.7% during the 3rd quarter. Northern Trust Corp now owns 2,089,150 shares of the company's stock worth $471,208,000 after acquiring an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC bought a new stake in shares of Snowflake in the 3rd quarter worth $441,277,000. Institutional investors and hedge funds own 65.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Snowflake from $290.00 to $210.00 and set an "overweight" rating for the company in a research note on Thursday, February 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Morgan Stanley dropped their price target on Snowflake from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Barclays reduced their price objective on Snowflake from $204.00 to $192.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. Finally, KeyCorp cut their price target on shares of Snowflake from $235.00 to $200.00 and set an "overweight" rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $242.86.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Health‑care AI adoption inside Snowflake: third‑party vendors (e.g., Penguin AI) have launched Snowflake‑native healthcare AI apps on the Snowflake Marketplace, reinforcing Snowflake’s positioning as an execution layer for governed clinical and claims data — a tangible product use case that can drive marketplace revenue and stickiness. Is Snowflake (SNOW) Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Positive Sentiment: Buy‑the‑dip narrative: bullish commentary and retail/coverage pieces are pitching SNOW as attractive after the selloff (calls for accumulation and multi‑year upside scenarios). That framing can attract bargain hunters and short‑covering flows. Buy This 1 Stock for Triple‑Digit Gains as It Recovers From the “Saaspocalypse”
• Neutral Sentiment: KeyBanc trims price target from $235 to $200 but keeps an Overweight rating — a cautious tweak that signals slower upside expectations from this analyst yet maintains institutional support. The target cut is a modest headwind but not a vote to downgrade. KeyBanc Trims Snowflake's Target to $200
• Neutral Sentiment: Reported security incident coverage (Rockstar Games data) has referenced Snowflake in the chain of systems; impact to SNOW’s business is unclear but such headlines can raise short‑term operational/conduct concerns among investors. Snowflake‑Linked Hack Hits Rockstar Games
• Negative Sentiment: Multiple securities‑fraud class action notices and law‑firm alerts have been filed/published (Rosen, Bronstein, Faruqi, Levi & Korsinsky, Pomerantz, Schall, Portnoy, Bernstein Liebhard, Gross, etc.), all citing alleged misstatements tied to the June 27, 2023–Feb 28, 2024 class period and urging investors to act before the April 27, 2026 lead‑plaintiff deadline. This wave increases legal and reputational risk and can sustain downward pressure or volatility until resolved. SNOW FINAL DEADLINE: Rosen Law Firm Alert LEVI & KORSINSKY: Disclosure Timeline

Snowflake Stock Performance

Shares of SNOW opened at $144.47 on Thursday. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67. The stock's 50-day simple moving average is $164.85 and its 200 day simple moving average is $209.94. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market capitalization of $49.94 billion, a price-to-earnings ratio of -36.58 and a beta of 1.23.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. The business 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%. The business's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 EPS. Research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 11,299 shares of Snowflake stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the sale, the director owned 38,046 shares of the company's stock, valued at $6,667,561.50. The trade was a 22.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business's stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $148.21, for a total value of $59,728.63. Following the completion of the sale, the director owned 22,912 shares of the company's stock, valued at $3,395,787.52. The trade was a 1.73% 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 a total of 594,313 shares of company stock worth $108,831,780 in the last three months. 6.80% of the stock is owned by insiders.

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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