Assenagon Asset Management S.A. Trims Position in Snowflake Inc. $SNOW

28 Jun 2026, 03:26 by Doug Wharley · The Cerbat Gem

Assenagon Asset Management S.A. reduced its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 10.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,342 shares of the company’s stock after selling 10,517 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Snowflake were worth $13,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. bought a new stake in Snowflake during the fourth quarter valued at about $28,000. Greenline Wealth Management LLC purchased a new position in Snowflake during the fourth quarter worth $29,000. GoalVest Advisory LLC raised its holdings in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Snowflake by 56.0% during 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 in the last quarter. Finally, MV Capital Management Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at $32,000. Institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Scotiabank lifted their price target on shares of Snowflake from $285.00 to $320.00 and gave the stock a “sector outperform” rating in a report on Monday, June 8th. Citigroup raised their price target on shares of Snowflake from $260.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. HSBC set a $289.00 price objective on Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Citizens Jmp reissued a “market outperform” rating and set a $325.00 price target on shares of Snowflake in a report on Tuesday, May 19th. Finally, The Goldman Sachs Group raised their price objective on Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average price target of $293.53.

Get Our Latest Research Report on SNOW

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Analysts remain constructive on Snowflake, with several firms reiterating Buy/Overweight ratings and raising price targets, reinforcing confidence in its growth outlook and AI-related demand.
Positive Sentiment: Investor interest is rising around Snowflake’s long-term AI opportunity and its scale in cloud data management, with recent coverage citing strong free cash flow and broad enterprise relevance. GitLab vs. Snowflake: Which Technology Stock Is a Better Buy in 2026?
Positive Sentiment: Snowflake is attracting more attention from traders and retail investors, which can support momentum when combined with strong fundamentals.
Neutral Sentiment: Recent articles questioning whether SNOW can rebound or reach higher levels are mostly sentiment-driven and do not indicate a new fundamental catalyst.
Negative Sentiment: Multiple insider sales, including recent transactions by executives, may weigh on sentiment even though the trades were reportedly made under pre-arranged plans for tax withholding purposes.

Snowflake Trading Up 9.4%

SNOW opened at $248.29 on Friday. The firm has a market cap of $86.06 billion, a P/E ratio of -70.54 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The business has a fifty day simple moving average of $191.99 and a 200-day simple moving average of $189.19. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. On average, equities analysts expect that Snowflake Inc. will post -1.87 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction on Friday, May 29th. The shares were sold at an average price of $252.43, for a total transaction of $110,331,094.68. Following the completion of the sale, the director directly owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. The trade was a 91.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Monday, April 6th. The stock was sold at an average price of $148.21, for a total value of $7,460,594.98. Following the transaction, the director directly owned 29,396 shares of the company’s stock, valued at approximately $4,356,781.16. This represents a 63.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,702,704 shares of company stock worth $390,771,264 over the last 90 days. 4.80% of the stock is owned by insiders.

About Snowflake

(Free Report)

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.