Snowflake Inc. $SNOW Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Snowflake stake by 20.6% in the second quarter, acquiring 8,687 shares to own 50,957 shares valued at approximately $12.97 million. Institutional investors and hedge funds collectively own 65.1% of the company.
• Snowflake shares opened at $330.26, near their 12-month high of $331.40, with a market capitalization of $114.47 billion. The company exceeded quarterly earnings and revenue expectations, reporting $0.39 EPS and $1.39 billion in revenue, up 33.5% year over year.
• Analysts maintain a generally favorable outlook, with 34 Buy, five Hold and one Sell rating, producing a “Moderate Buy” consensus and an average price target of $296.68. However, the target is below the current share price, while insiders have sold substantial shares in recent months under pre-arranged trading plans.

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 20.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 50,957 shares of the company's stock after acquiring an additional 8,687 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Snowflake were worth $12,969,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC acquired a new stake in shares of Snowflake during the fourth quarter worth $29,000. Basecamp Wealth Advisors LLC grew its position in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company's stock valued at $30,000 after buying an additional 118 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company's stock valued at $31,000 after buying an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Snowflake by 95.2% in the 1st quarter. Emerald Advisers LLC now owns 205 shares of the company's stock valued at $31,000 after buying an additional 100 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Trading Up 3.9%

Shares of Snowflake stock opened at $330.26 on Friday. The company has a 50-day moving average of $262.16 and a two-hundred day moving average of $201.11. Snowflake Inc. has a 12-month low of $118.30 and a 12-month high of $331.40. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The stock has a market cap of $114.47 billion, a PE ratio of -93.82 and a beta of 1.33.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The company's quarterly revenue was up 33.5% on a year-over-year basis. On average, research analysts anticipate that Snowflake Inc. will post -1.84 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on SNOW shares. HSBC set a $289.00 target price on shares of Snowflake and gave the stock a "buy" rating in a research note on Friday, May 29th. Evercore set a $200.00 price target on shares of Snowflake in a report on Tuesday, April 14th. Barclays raised their price objective on shares of Snowflake from $272.00 to $285.00 and gave the company an "equal weight" rating in a research report on Thursday, June 4th. Scotiabank lifted their price objective on Snowflake from $285.00 to $320.00 and gave the company a "sector outperform" rating in a report on Monday, June 8th. Finally, Bank of America boosted their target price on Snowflake from $205.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average price target of $296.68.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, designed to govern enterprise AI agents, control costs and strengthen security. New integrations with 1Password and Aembit could support additional enterprise AI workloads and platform adoption. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Positive analyst and options sentiment: Brokerages collectively maintain a “Moderate Buy” recommendation, with 34 Buy ratings, five Holds and one Sell. Investors have also traded large volumes of long-dated short-put positions, a strategy that can indicate willingness to buy SNOW at lower prices or collect premium income. The consensus price target of $296.68, however, is below the stock’s current trading level. Consensus Recommendation Snowflake Put Options Activity
• Positive Sentiment: AI ecosystem momentum: Snowflake was cited as a strategic collaborator by Zeta Global after the marketing software company raised its 2026 revenue outlook. The association supports Snowflake’s positioning as infrastructure for AI-driven enterprise applications. Zeta Global AI Collaboration
• Neutral Sentiment: Relative investment appeal: An article suggested investors taking profits in sharply higher Nebius Group shares could consider cloud and AI companies including Snowflake. This may increase comparative interest in SNOW but does not represent a direct business catalyst. Nebius and Snowflake Investment Comparison
• Negative Sentiment: Security overhang: A Canadian hacker pleaded guilty to stealing data from more than 165 Snowflake customer environments and extorting victims. Although the case involves criminal attacks and does not announce a new Snowflake breach, it could revive concerns about customer security, controls and reputational risk. Snowflake Hacker Guilty Plea
• Negative Sentiment: Executive selling: EVP Christian Kleinerman sold 10,000 shares worth approximately $2.97 million under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 2.66%, though the planned nature of the transaction makes it a weaker signal than discretionary selling. Christian Kleinerman Share Sale

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 10,315 shares of Snowflake stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $275.10, for a total transaction of $2,837,656.50. Following the completion of the transaction, the director owned 28,535 shares of the company's stock, valued at $7,849,978.50. The trade was a 26.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of Snowflake stock in a transaction on Monday, July 6th. The stock was sold at an average price of $255.11, for a total value of $87,502.73. Following the transaction, the director directly owned 5,060 shares of the company's stock, valued at $1,290,856.60. This trade represents a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,091,260 shares of company stock valued at $508,844,831 in the last three months. 4.80% of the stock is owned by company insiders.

About Snowflake

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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