Ilmarinen Mutual Pension Insurance Co Trims Stake in Snowflake Inc. $SNOW

Ilmarinen Mutual Pension Insurance Co lowered its stake in shares of Snowflake Inc. (NYSE:SNOW) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,308 shares of the company’s stock after selling 2,632 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Snowflake were worth $13,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. boosted its holdings in shares of Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after buying an additional 40 shares in the last quarter. Diligent Investors LLC boosted its holdings in shares of Snowflake by 0.9% during the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of Snowflake by 44.1% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after buying an additional 49 shares in the last quarter. Wolff Wiese Magana LLC boosted its holdings in shares of Snowflake by 10.0% during the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock valued at $120,000 after buying an additional 50 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its holdings in shares of Snowflake by 50.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Trading Up 36.5%

Shares of NYSE SNOW opened at $239.22 on Friday. 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 company has a market cap of $82.70 billion, a PE ratio of -67.96 and a beta of 1.08. The firm’s 50 day moving average price is $155.03 and its 200-day moving average price is $190.49. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 49.29%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, equities research analysts expect that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on SNOW shares. HSBC set a $289.00 target price on shares of Snowflake and gave the company a “buy” rating in a report on Friday. Mizuho boosted their target price on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Snowflake from $245.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup restated a “market outperform” rating on shares of Snowflake in a report on Thursday. Finally, Barclays boosted their target price on shares of Snowflake from $192.00 to $272.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.74.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported fiscal Q1 results that beat expectations, with revenue up about 33%-34% year over year and EPS above estimates, showing that demand for its data cloud platform remains strong. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue outlook, which suggests management is seeing stronger enterprise AI and cloud migration demand than previously expected. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a $6 billion, five-year strategic collaboration with Amazon Web Services, expanding its AI infrastructure footprint and reinforcing its role in enterprise agentic AI. Snowflake stock surges 30% on $6B AWS deal, strong Q1 print
• Positive Sentiment: Several analysts raised price targets after the report, including JPMorgan, KeyCorp, TD Cowen, DA Davidson, Bank of America, Benchmark, Needham, Stifel, and others, signaling improving sentiment on the stock’s growth outlook. Analyst price target updates

Insider Activity at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the transaction, the director owned 30,236 shares in the company, valued at $5,297,044.84. This represents a 62.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 484,313 shares of company stock worth $81,766,598 over the last quarter. 4.80% of the stock is currently owned by 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.