Snowflake Inc. $SNOW is Peregrine Capital Management LLC’s 9th Largest Position

Peregrine Capital Management LLC cut its position in Snowflake Inc. (NYSE:SNOW) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,363 shares of the company’s stock after selling 6,060 shares during the period. Snowflake accounts for 2.0% of Peregrine Capital Management LLC’s holdings, making the stock its 9th largest position. Peregrine Capital Management LLC owned about 0.09% of Snowflake worth $65,942,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC acquired a new stake in Snowflake during the 2nd quarter worth $3,900,134,000. Norges Bank purchased a new position in shares of Snowflake in the second quarter worth about $944,895,000. Winslow Capital Management LLC acquired a new position in Snowflake during the second quarter worth about $725,667,000. Jennison Associates LLC grew its stake in Snowflake by 20.5% during the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after acquiring an additional 1,363,389 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after acquiring an additional 1,165,515 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SNOW. Cantor Fitzgerald boosted their target price on Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Bank of America boosted their price objective on Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft upped their target price on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Rosenblatt Securities raised their target price on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 1st. Finally, Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $275.97.

Snowflake Stock Performance

NYSE SNOW opened at $223.72 on Friday. The stock has a fifty day simple moving average of $239.82 and a 200-day simple moving average of $229.03. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $76.56 billion, a PE ratio of -55.38 and a beta of 1.14. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.20 EPS. Snowflake’s revenue was up 28.7% on a year-over-year basis. Equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake signed a definitive agreement to acquire Observe, an observability platform built on Snowflake, to speed troubleshooting for AI agents — a strategic move to deepen Snowflake’s AI stack and product differentiation. Snowflake announces its intent to buy observability platform Observe
• Positive Sentiment: Argus upgraded SNOW from Hold to Buy with a $300 target — a notable analyst endorsement that could attract buyers and support upside expectations versus the current level. Argus upgrade
• Positive Sentiment: Raymond James reiterated a bullish view (Outperform), framing Snowflake’s long-term transformation from a cloud data warehouse to an AI platform — a narrative that underpins growth expectations. Snowflake transforms from cloud data warehouse to AI platform
• Neutral Sentiment: SNOW has delivered strong momentum over the past year (roughly +45%), highlighting investor enthusiasm for its AI opportunity even as valuation questions persist. SNOW Stock Rallies 45% in a Year
• Negative Sentiment: An executive vice president sold about $2.2M of SNOW stock — an insider sell that may raise near-term investor concern about timing or insiders’ view of valuation. Snowflake EVP Sells Stock
• Negative Sentiment: DoiT acquired SELECT to help customers eliminate “Snowflake waste” — tools that lower Snowflake spend could pressure revenue growth per customer over time if broadly adopted. DoiT Acquires SELECT to Eliminate Snowflake Waste
• Negative Sentiment: Recent bearish analysis warns that Snowflake’s push to profitability may conflict with its growth story and premium valuation — commentary that can amplify selling in volatile sessions. Profitability pivot may be a trap
• Negative Sentiment: Market write-ups noted the stock dipped on the most recent trading day, reflecting the mix of profit-taking and headline-driven selling. SNOW Stock Dips While Market Gains

Insider Activity at Snowflake

In related news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $11,610,459.70. Following the completion of the sale, the director directly owned 32,756 shares in the company, valued at approximately $7,555,171.40. The trade was a 60.58% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 418,681 shares of company stock valued at $96,073,145. 6.80% of the stock is 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.