Sumitomo Mitsui Trust Group Inc. Sells 15,024 Shares of Snowflake Inc. $SNOW

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in Snowflake by 2.1%, selling 15,024 shares and leaving it with 717,068 shares worth about $157.3 million (≈0.21% of the company).
• Significant insider selling: executives including Christian Kleinerman and director Michael Speiser sold large blocks, and insiders dumped a total of 594,313 shares (~$108.8 million) over the past 90 days, leaving insiders with ~6.8% ownership.
• Analyst sentiment is mixed but favorable overall — the consensus is a “Moderate Buy” with an average target of $249.62 — yet the stock is trading near its 12‑month low (~$121) amid sector repricing, legal notices, and security‑incident concerns.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 717,068 shares of the company's stock after selling 15,024 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.21% of Snowflake worth $157,296,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of Snowflake in the third quarter worth about $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake during the third quarter worth about $28,000. SJS Investment Consulting Inc. grew its holdings in shares of Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company's stock worth $30,000 after buying an additional 130 shares in the last quarter. GoalVest Advisory LLC grew its holdings in shares of Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company's stock worth $30,000 after buying an additional 93 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company's stock worth $33,000 after buying an additional 50 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael L. Speiser sold 50,338 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the transaction, the director owned 30,236 shares of the company's stock, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 594,313 shares of company stock worth $108,831,780 over the last ninety days. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on SNOW. Needham & Company LLC decreased their price objective on Snowflake from $280.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Zacks Research upgraded Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Cantor Fitzgerald reiterated an "overweight" rating and set a $250.00 price objective on shares of Snowflake in a report on Monday, February 23rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Snowflake in a report on Wednesday, January 21st. Finally, Argus upgraded Snowflake from a "hold" rating to a "buy" rating and set a $300.00 price objective for the company in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $249.62.

Snowflake News Roundup

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

Snowflake Stock Down 0.1%

SNOW stock opened at $120.95 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $167.13 and a two-hundred day moving average price of $211.65. The company has a market cap of $41.81 billion, a price-to-earnings ratio of -30.62 and a beta of 1.23. Snowflake Inc. has a twelve month low of $118.30 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share 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 business's revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

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.

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