Snowflake Inc. $SNOW Stock: Pictet Asset Management Holding SA Reduces Stake

08 Nov 2026, 11:07 by Danessa Lincoln · The Markets Daily

Pictet Asset Management Holding SA decreased its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 23.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,121,045 shares of the company’s stock after selling 953,314 shares during the quarter. Snowflake accounts for about 1.0% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 10th largest position. Pictet Asset Management Holding SA owned approximately 0.88% of Snowflake worth $1,059,633,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SNOW. Reyes Financial Architecture Inc. acquired a new stake in Snowflake during the 3rd quarter valued at $32,000. Mather Group LLC. boosted its position in shares of Snowflake by 98.0% in the third quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after buying an additional 50 shares during the period. Ninety One UK Ltd purchased a new position in shares of Snowflake during the third quarter valued at $36,000. Fortitude Family Office LLC grew its holdings in shares of Snowflake by 146.7% during the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $38,000 after buying an additional 66 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new position in Snowflake during the third quarter valued at $41,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Trading Up 2.5%

Shares of SNOW stock opened at $276.32 on Friday. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The business’s 50 day moving average is $327.95 and its two-hundred day moving average is $241.66. The company has a market cap of $97.48 billion, a PE ratio of -86.89 and a beta of 1.32.

Snowflake (NYSE:SNOW – Get Free Report) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the firm posted $0.35 EPS. The business’s quarterly revenue was up 35.1% on a year-over-year basis. Equities analysts predict that Snowflake Inc. will post -1.42 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SNOW shares. Barclays increased their price objective on Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Wells Fargo & Company lifted their target price on Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Thursday, September 3rd. Truist Financial set a $425.00 target price on Snowflake and gave the company a “buy” rating in a report on Thursday, September 3rd. Royal Bank Of Canada increased their price target on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Finally, Citizens Jmp raised their price target on shares of Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a report on Thursday, September 3rd. Thirty-six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Check Out Our Latest Research Report on Snowflake

Insider Transactions at Snowflake

In related news, CRO Jonathan Beaulier sold 755 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total value of $253,951.80. Following the completion of the transaction, the executive owned 211,619 shares of the company’s stock, valued at $71,180,166.84. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $306.01, for a total value of $3,060,100.00. Following the completion of the transaction, the executive vice president directly owned 303,738 shares of the company’s stock, valued at approximately $92,946,865.38. The trade was a 3.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,135,702 shares of company stock worth $373,733,800 over the last quarter. 4.80% of the stock is owned by company insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake unveiled tools aimed at moving enterprise AI agents from pilot projects into production, including features for business context, governance and automating data-engineering work. These offerings could encourage adoption and increase customer usage. Snowflake unveils innovations for the agentic enterprise
Positive Sentiment: Recent commentary points to AI adoption, customer growth and raised revenue guidance as drivers of Snowflake’s strong year-to-date performance. Another bullish analysis argues that accelerating revenue growth may be underappreciated, though its optimistic price outlook depends on the valuation multiple investors assign the company. Zacks on Snowflake’s growth and valuation · Wall Street may be underestimating Snowflake’s growth potential
Neutral Sentiment: Former Snowflake revenue chief Mike Gannon is joining AI infrastructure startup Spectro Cloud. The report concerns a former executive and does not describe a change to Snowflake’s operations or outlook. Former Snowflake revenue chief joins Spectro Cloud
Negative Sentiment: Valuation remains a risk: coverage notes that Snowflake trades at a premium, leaving the stock sensitive to whether its AI-fueled growth can justify expectations. Executive Vice President Christian Kleinerman also sold 10,000 shares for about $3.06 million; the sale was under a pre-arranged trading plan, and he retained more than 303,000 shares. Snowflake executive stock sale

Snowflake Profile

(Free Report)

Snowflake Inc provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services.

Snowflake’s platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.