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Lead story Forex SBI Securities Cuts Snowflake Stake Amid Mixed Institutional Activity SBI Securities Co. Ltd. reduced its stake in Snowflake Inc. by 33.7% in the third quarter, while other major investors like Janus Henderson Group PLC and Pictet Asset Management Holding SA increased their positions. Snowflake's stock opened at $325.26 on Friday, with strong earnings reported for the quarter. Analysts are generally bullish, with an average target price of $413.87, though some question the stock's valuation. Insider sales, including those by EVP Christian Kleinerman and Director Frank Slootman, have been notable. Sentiment -1 Clout 72 Speculation 3 CHF

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