KBC Group NV Boosts Stock Position in Snowflake Inc. $SNOW

KBC Group NV boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 513.5% during the fourth quarter, Holdings Channel reports. The firm owned 395,031 shares of the company’s stock after acquiring an additional 330,639 shares during the quarter. KBC Group NV’s holdings in Snowflake were worth $86,653,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNOW. Pursue Wealth Partners LLC lifted its holdings in Snowflake by 123.5% in the 4th quarter. Pursue Wealth Partners LLC now owns 4,003 shares of the company’s stock worth $878,000 after buying an additional 2,212 shares during the period. PFG Investments LLC increased its stake in shares of Snowflake by 29.8% during the fourth quarter. PFG Investments LLC now owns 5,645 shares of the company’s stock valued at $1,238,000 after buying an additional 1,295 shares during the period. Consolidated Investment Group LLC increased its stake in shares of Snowflake by 43.5% during the fourth quarter. Consolidated Investment Group LLC now owns 9,900 shares of the company’s stock valued at $2,172,000 after buying an additional 3,000 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Snowflake by 24.9% during the fourth quarter. Farther Finance Advisors LLC now owns 12,383 shares of the company’s stock valued at $2,716,000 after acquiring an additional 2,471 shares in the last quarter. Finally, Oak Ridge Investments LLC raised its holdings in shares of Snowflake by 4.7% during the fourth quarter. Oak Ridge Investments LLC now owns 33,125 shares of the company’s stock valued at $7,266,000 after acquiring an additional 1,481 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the company’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 sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This trade represents a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 594,313 shares of company stock valued at $108,831,780. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $144.47 on Thursday. The company’s fifty day moving average price is $164.85 and its 200-day moving average price is $209.94. The stock has a market cap of $49.94 billion, a PE ratio of -36.58 and a beta of 1.23. 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 Inc. has a 12 month low of $118.30 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the business earned $0.30 EPS. Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Health‑care AI adoption inside Snowflake: third‑party vendors (e.g., Penguin AI) have launched Snowflake‑native healthcare AI apps on the Snowflake Marketplace, reinforcing Snowflake’s positioning as an execution layer for governed clinical and claims data — a tangible product use case that can drive marketplace revenue and stickiness. Is Snowflake (SNOW) Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Positive Sentiment: Buy‑the‑dip narrative: bullish commentary and retail/coverage pieces are pitching SNOW as attractive after the selloff (calls for accumulation and multi‑year upside scenarios). That framing can attract bargain hunters and short‑covering flows. Buy This 1 Stock for Triple‑Digit Gains as It Recovers From the “Saaspocalypse”
• Neutral Sentiment: KeyBanc trims price target from $235 to $200 but keeps an Overweight rating — a cautious tweak that signals slower upside expectations from this analyst yet maintains institutional support. The target cut is a modest headwind but not a vote to downgrade. KeyBanc Trims Snowflake’s Target to $200
• Neutral Sentiment: Reported security incident coverage (Rockstar Games data) has referenced Snowflake in the chain of systems; impact to SNOW’s business is unclear but such headlines can raise short‑term operational/conduct concerns among investors. Snowflake‑Linked Hack Hits Rockstar Games
• Negative Sentiment: Multiple securities‑fraud class action notices and law‑firm alerts have been filed/published (Rosen, Bronstein, Faruqi, Levi & Korsinsky, Pomerantz, Schall, Portnoy, Bernstein Liebhard, Gross, etc.), all citing alleged misstatements tied to the June 27, 2023–Feb 28, 2024 class period and urging investors to act before the April 27, 2026 lead‑plaintiff deadline. This wave increases legal and reputational risk and can sustain downward pressure or volatility until resolved. SNOW FINAL DEADLINE: Rosen Law Firm Alert LEVI & KORSINSKY: Disclosure Timeline

Analyst Ratings Changes

Several research firms recently weighed in on SNOW. 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. UBS Group dropped their target price on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Piper Sandler cut their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Barclays reduced their price target on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Finally, Evercore set a $200.00 price target on shares of Snowflake in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.86.

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.