Pictet Asset Management Holding SA Grows Stock Position in Snowflake Inc. $SNOW

Key Points

• Pictet Asset Management raised its Snowflake stake by 9.7% in Q4 to 1,797,461 shares, worth about $394.3 million and representing roughly 0.53% of the company.
• Snowflake beat Q4 estimates with $0.32 EPS (vs. $0.27) and $1.28B revenue (up 30.1% YoY), but remains unprofitable with negative margins and analysts forecasting -2.16 EPS for the current year.
• Sentiment is mixed—MarketBeat shows a "Moderate Buy" average target of $242.19 amid recent target cuts—while risks include rising short interest, notable insider selling, and an ongoing securities‑fraud class action.

Pictet Asset Management Holding SA raised its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,797,461 shares of the company's stock after buying an additional 159,503 shares during the quarter. Pictet Asset Management Holding SA owned about 0.53% of Snowflake worth $394,322,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SNOW. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company's stock valued at $165,123,000 after purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock valued at $92,047,000 after purchasing an additional 48,411 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Snowflake by 99.1% during the 4th quarter. Assetmark Inc. now owns 198,655 shares of the company's stock valued at $43,577,000 after purchasing an additional 98,870 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Snowflake during the 3rd quarter valued at approximately $116,882,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock valued at $34,586,000 after purchasing an additional 37,911 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SNOW has been the subject of several recent research reports. Wells Fargo & Company cut their target price on shares of Snowflake from $290.00 to $210.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Zacks Research upgraded Snowflake from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Mizuho cut their target price on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating for the company in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada set a $245.00 price objective on Snowflake in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $242.19.

Snowflake Stock Down 0.1%

NYSE:SNOW opened at $140.14 on Monday. The stock's fifty day moving average is $161.13 and its two-hundred day moving average is $205.40. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67. The stock has a market capitalization of $48.45 billion, a price-to-earnings ratio of -35.48 and a beta of 1.23.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.30 earnings per share. Research analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced major updates to Snowflake Intelligence and Cortex Code that reinforce its positioning as a control plane for agentic AI — a strategic product win that supports long‑term revenue monetization for AI workloads. Snowflake (SNOW) Unveils Major Updates to Snowflake Intelligence, Cortex Code
• Positive Sentiment: Partner momentum: Slalom highlighted new Microsoft and Snowflake partner recognitions, which can help drive channel-led customer adoption and services revenue. Slalom Builds Momentum with 2026 Tech Trends...
• Neutral Sentiment: Ex-Snowflake talent impact: Coverage of an ex-Snowflake scientist launching an AI startup that outperformed general models is notable for the ecosystem but does not directly change Snowflake’s fundamentals. The Data Scientist Who Sharpened Snowflake’s Multi-Billion-Dollar Forecasts...
• Negative Sentiment: Short interest jumped sharply in April to ~18.0M shares (up 28.5% vs. March), equal to ~5.6% of float and a short‑interest ratio ~1.9 days — increased hedge/short activity can amplify downside momentum. (No direct link provided in the entry)
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff candidates in a securities‑fraud class action covering purchases between June 27, 2023 and Feb 28, 2024. The legal overhang increases uncertainty and could pressure the stock while litigation proceeds. Representative notices: Rosen Law Firm and Bronstein, Gewirtz & Grossman. SNOW Deadline: SNOW Investors Have Opportunity to Lead Snowflake Inc. Securities Fraud Lawsuit Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act...
• Negative Sentiment: Analyst and market skepticism on AI demand: KeyBanc trimmed its price target citing AI‑related demand concerns and channel checks, signaling near‑term revenue risk and contributing to negative sentiment. No Respite For Snowflake (SNOW) As AI Fears Continue Driving The Stock Down

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 2,621 shares of Snowflake stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president owned 533,494 shares in the company, valued at approximately $90,699,314.94. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Emily Ho sold 2,141 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $173.97, for a total transaction of $372,469.77. Following the sale, the chief accounting officer owned 44,553 shares of the company's stock, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 394,313 shares of company stock valued at $67,477,780. 6.80% of the stock is owned by insiders.

Snowflake 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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