Mitsubishi UFJ Trust & Banking Corp Cuts Stake in Snowflake Inc. $SNOW

Mitsubishi UFJ Trust & Banking Corp lessened its position in Snowflake Inc. (NYSE:SNOW) by 5.1% in the 3rd quarter, Holdings Channel reports. The fund owned 133,262 shares of the company’s stock after selling 7,115 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Snowflake were worth $30,057,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Birch Financial Group LLC raised its holdings in Snowflake by 14.9% during the third quarter. Birch Financial Group LLC now owns 1,705 shares of the company’s stock worth $385,000 after purchasing an additional 221 shares in the last quarter. Jennison Associates LLC increased its position in Snowflake by 13.5% during the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after purchasing an additional 1,083,222 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Snowflake by 13.2% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 8,341 shares of the company’s stock worth $1,881,000 after buying an additional 972 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of Snowflake by 0.5% in the 3rd quarter. Teacher Retirement System of Texas now owns 55,894 shares of the company’s stock valued at $12,607,000 after buying an additional 277 shares during the period. Finally, iA Global Asset Management Inc. lifted its holdings in shares of Snowflake by 6.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 55,870 shares of the company’s stock valued at $12,601,000 after buying an additional 3,580 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real‑time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium‑term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long‑term thesis, limited short‑term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined‑risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near‑term selling pressure. SEC filing: Frank Slootman sale

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total value of $89,127.48. Following the completion of the transaction, the director directly owned 24,121 shares of the company’s stock, valued at $5,334,600.36. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were 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 owned 50,329 shares in the company, valued at $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 618,681 shares of company stock worth $137,427,145 in the last quarter. Insiders own 6.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Argus raised Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a report on Thursday, January 8th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $237.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Raymond James Financial set a $250.00 price target on shares of Snowflake in a report on Monday, December 15th. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a report on Monday, November 24th. Finally, Canaccord Genuity Group upped their target price on shares of Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Stock Performance

NYSE:SNOW opened at $209.57 on Monday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $71.72 billion, a P/E ratio of -51.87 and a beta of 1.14. The firm has a 50-day moving average price of $227.49 and a two-hundred day moving average price of $228.34. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, research analysts expect that Snowflake Inc. will post -2.36 earnings per share 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.