Nykredit A S Purchases Shares of 119,709 Snowflake Inc. $SNOW

Key Points

• Nykredit A/S acquired 119,709 Snowflake shares worth approximately $30.5 million in the second quarter, while institutional investors collectively own 65.1% of the company.
• Wall Street remains broadly bullish: 34 analysts rate Snowflake a Buy, with an average price target of $414.24 versus the reported share price of $331.85. The company also beat quarterly earnings and revenue estimates, reporting $0.62 EPS and $1.55 billion in revenue.
• Snowflake’s AI-driven growth is supporting demand, but risks include ongoing losses, a reduced fiscal 2027 product gross-margin outlook, high valuation and more than $314 million in insider stock sales during the past quarter.

Nykredit A S acquired a new position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 119,709 shares of the company's stock, valued at approximately $30,466,000.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its position in Snowflake by 15.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 334 shares of the company's stock worth $85,000 after acquiring an additional 45 shares during the last quarter. Range Advisory LLC bought a new position in Snowflake in the second quarter valued at about $210,000. Carlson Financial Inc. acquired a new stake in shares of Snowflake during the second quarter valued at about $240,000. Alan B Lancz & Associates Inc. acquired a new stake in shares of Snowflake during the second quarter valued at about $202,000. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Snowflake by 439.9% during the second quarter. Ameritas Advisory Services LLC now owns 7,181 shares of the company's stock worth $1,828,000 after purchasing an additional 5,851 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of analyst reports. Raymond James Financial upped their price objective on shares of Snowflake from $275.00 to $425.00 and gave the company an "outperform" rating in a research note on Thursday, September 3rd. Morgan Stanley boosted their target price on shares of Snowflake from $300.00 to $470.00 and gave the company an "overweight" rating in a report on Thursday, September 3rd. Deutsche Bank Aktiengesellschaft set a $400.00 price target on shares of Snowflake in a research report on Thursday, September 3rd. Loop Capital increased their price target on Snowflake from $290.00 to $320.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company lifted their price objective on Snowflake from $500.00 to $525.00 and gave the stock an "overweight" rating in a research report on Thursday, September 3rd. Thirty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $414.24.

Snowflake Stock Down 1.9%

Shares of NYSE:SNOW opened at $331.85 on Friday. The stock's 50-day moving average price is $311.99 and its 200-day moving average price is $231.51. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $384.56. The stock has a market capitalization of $117.08 billion, a P/E ratio of -104.35 and a beta of 1.33. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. Snowflake's quarterly revenue was up 35.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts anticipate that Snowflake Inc. will post -1.57 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts are raising earnings expectations for Snowflake, a trend that typically supports stock momentum. The average Wall Street price target implies roughly 28.7% upside, although target prices are not guarantees. Surging Earnings Estimates Signal Upside for Snowflake Stock
• Positive Sentiment: Product revenue reportedly increased 37% in fiscal second quarter, driven by AI adoption, greater platform consumption and enterprise expansion. The acceleration strengthens Snowflake’s competitive position against larger technology providers. Snowflake Product Revenue Accelerates
• Positive Sentiment: Snowflake’s chief executive said the platform is evolving from data storage into a source of business insights, while Daasity launched an MCP AI server that turns Snowflake data into governed business intelligence. These developments provide additional evidence of commercial AI use cases. Snowflake CEO on Business Insights
• Neutral Sentiment: Snowflake has attracted substantial online and investor attention. That may increase trading interest, but attention alone does not change the company’s fundamentals. Snowflake Attracting Investor Attention
• Negative Sentiment: Snowflake reduced its fiscal 2027 non-GAAP product gross-margin guidance to 74%, citing a growing mix of lower-margin AI workloads. If AI usage expands faster than pricing or efficiency improves, revenue growth could continue to pressure profitability. What Happens if AI Keeps Costing Snowflake Margin
• Negative Sentiment: Several executives and directors sold shares under pre-arranged plans, primarily to cover tax withholding on vested equity. Although these sales are not necessarily bearish, multiple insider transactions can weigh on sentiment after a substantial rally. Snowflake Insider Selling
• Negative Sentiment: Commentary warns that Snowflake’s valuation already reflects significant AI success while the company remains unprofitable. Any slowdown in growth or further margin deterioration could trigger a sharper pullback. Snowflake Valuation and AI Growth Risks

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the transaction, the executive vice president directly owned 340,379 shares of the company's stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 289,685 shares of the company's stock in a transaction on Monday, July 20th. The shares were sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the completion of the sale, the director directly owned 28,535 shares in the company, valued at $7,829,718.65. This trade represents a 91.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,045,087 shares of company stock valued at $314,431,792. Corporate insiders own 4.80% of the company's stock.

Snowflake Profile

Snowflake Inc NYSE: SNOW is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake's Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake's marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.

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