Robeco Institutional Asset Management B.V. Sells 49,663 Shares of Snowflake Inc. $SNOW

Key Points

• Robeco Institutional Asset Management trimmed its stake in Snowflake by 14.5%, selling 49,663 shares and leaving it with 293,056 shares valued at about $64.29 million.
• Company insiders have been net sellers — Director Frank Slootman sold 200,000 shares for ~$41.35 million, and insiders sold a total of 594,313 shares (~$108.8 million) in the last quarter.
• Snowflake faces near-term headwinds — a sector/AI sell‑off pushed the stock to a 52‑week low and legal/security incidents add headline risk — yet analysts largely maintain a “Moderate Buy” consensus with an average target of about $249.62 after a recent quarter that beat EPS and revenue expectations.

Robeco Institutional Asset Management B.V. trimmed its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,056 shares of the company's stock after selling 49,663 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Snowflake worth $64,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SNOW. Vanguard Group Inc. raised its stake in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock valued at $6,461,465,000 after acquiring an additional 857,832 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Snowflake by 13.5% during the third 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 during the last quarter. American Century Companies Inc. raised its stake in shares of Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock valued at $474,766,000 after acquiring an additional 1,473,354 shares during the last quarter. Northern Trust Corp raised its stake in shares of Snowflake by 2.7% during the third quarter. Northern Trust Corp now owns 2,089,150 shares of the company's stock valued at $471,208,000 after acquiring an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC bought a new position in shares of Snowflake during the third quarter valued at about $441,277,000. Institutional investors own 65.10% of the company's stock.

Insider Buying and Selling

In related news, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares of the company's stock, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 in the last quarter. Corporate insiders own 6.80% of the company's stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Product/strategy update: Snowflake expanded its open‑data strategy by adding Iceberg V3 support and a governance/portability plan — a technical move that strengthens Snowflake’s data interoperability and enterprise appeal. SiliconANGLE article
• Positive Sentiment: Buy thesis from long‑term investors: commentary pieces argue SNOW may be oversold and present a dip‑buy opportunity given its consumption-based revenue model and AI demand tailwinds. These views can support longer‑term recovery narratives. Seeking Alpha article
• Neutral Sentiment: Market attention: SNOW is among several names highlighted in daily market roundups of AI and cloud names moving today; such coverage increases short‑term volatility but is informational rather than company‑specific. MSN roundup
• Negative Sentiment: Multiple class‑action and investor notices: several law firms (Rosen, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, Pomerantz, Schall, Bernstein Liebhard, etc.) have filed or are soliciting lead‑plaintiff claims covering purchases from June 27, 2023 to Feb 28, 2024 and are urging investors to act before an April 27, 2026 deadline — adding legal overhang and headline risk. Rosen Law Firm notice Bronstein notice
• Negative Sentiment: Sector repricing and heavy selling: coverage points to an “AI infrastructure” sell‑off that repriced enterprise‑software names today — SNOW fell sharply, traded at 52‑week lows and saw volume spike as investors rotated out of speculative AI plays. That macro/sector weakness is the primary driver of today’s price action. 247WallSt analysis Investing.com report
• Negative Sentiment: Security incident fallout: reports that some Snowflake customers suffered data‑theft attacks after a third‑party issue add operational and reputational risk concerns for the platform. MSN / Yahoo coverage

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $275.00 price target on shares of Snowflake in a report on Thursday, February 26th. Raymond James Financial reiterated an "outperform" rating on shares of Snowflake in a report on Monday, February 2nd. UBS Group cut their price target on shares of Snowflake from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Citigroup cut their price target on shares of Snowflake from $300.00 to $270.00 and set a "buy" rating on the stock in a report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $249.62.

Snowflake Stock Performance

Shares of Snowflake stock opened at $120.95 on Monday. The firm has a market capitalization of $41.81 billion, a P/E ratio of -30.62 and a beta of 1.23. The business has a fifty day simple moving average of $167.13 and a two-hundred day simple moving average of $211.65. 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 announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. The company 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%. Snowflake's revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 EPS. On average, equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal 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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