SBI Okasan Asset Management Co.Ltd. Acquires Shares of 6,090 Snowflake Inc. $SNOW

Key Points

• SBI Okasan Asset Management disclosed a new fourth-quarter stake in Snowflake, buying 6,090 shares valued at about $1.36 million.
• Snowflake’s latest quarter beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while sales rose 33.5% year over year.
• The company also raised full-year product revenue guidance and announced a $6 billion, five-year strategic collaboration with AWS, both of which point to strong AI and cloud growth momentum.

SBI Okasan Asset Management Co.Ltd. acquired a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,090 shares of the company's stock, valued at approximately $1,357,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company's stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company's stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company's stock worth $1,052,195,000 after acquiring an additional 249,668 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of 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 in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake beat expectations, reporting EPS of $0.39 versus $0.32 expected and revenue of $1.39 billion versus $1.32 billion expected, with sales up 33.5% year over year. Article Title
• Positive Sentiment: The company raised full-year product revenue guidance, signaling management sees continued demand for its cloud data and AI offerings. Article Title
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with AWS, tied to Graviton processors and AI infrastructure, which investors view as a major growth catalyst for enterprise agentic AI adoption. Article Title
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets, reflecting confidence that AI demand and the AWS deal could support further upside. Article Title
• Positive Sentiment: Snowflake also said it will acquire Natoma, adding governance and identity tools for AI agents, another sign it is building out its AI platform. Article Title
• Neutral Sentiment: Director Frank Slootman disclosed a pre-planned sale of shares under a 10b5-1 trading plan; while noteworthy, it does not appear tied to the operating outlook. Article Title

Snowflake Price 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 debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The stock's 50 day moving average price is $155.03 and its 200 day moving average price is $190.49. The firm has a market cap of $82.70 billion, a P/E ratio of -67.96 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Snowflake's revenue was up 33.5% on a year-over-year basis. On average, sell-side analysts expect that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SNOW. Truist Financial reissued a "buy" rating and set a $275.00 price target (up from $240.00) on shares of Snowflake in a research note on Thursday. Citigroup reissued a "market outperform" rating on shares of Snowflake in a research note on Thursday. Cantor Fitzgerald boosted their price target on Snowflake from $225.00 to $282.00 and gave the stock an "overweight" rating in a research note on Thursday. Sanford C. Bernstein boosted their price target on Snowflake from $195.00 to $250.00 and gave the stock a "market perform" rating in a research note on Thursday. Finally, Citizens Jmp reissued a "market outperform" rating and set a $325.00 price target on shares of Snowflake in a research note on Tuesday, May 19th. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and an average target price of $283.74.

Insider Transactions at Snowflake

In related news, Director Frank Slootman sold 55,350 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $176.52, for a total value of $9,770,382.00. Following the sale, the director owned 38,046 shares of the company's stock, valued at approximately $6,715,879.92. This represents a 59.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 value of $57,060.77. Following the completion of the sale, the director directly owned 22,509 shares in the company, valued at approximately $3,187,049.31. The trade was 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. Insiders have sold 484,313 shares of company stock worth $81,766,598 in the last quarter. Insiders own 4.80% of the company's stock.

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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