Snowflake Inc. $SNOW Shares Acquired by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP boosted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 53.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 574,955 shares of the company’s stock after buying an additional 201,332 shares during the period. Westfield Capital Management Co. LP owned 0.17% of Snowflake worth $129,681,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SNOW. Norges Bank purchased a new position in shares of Snowflake during the 2nd quarter worth $944,895,000. Winslow Capital Management LLC purchased a new position in Snowflake during the second quarter worth about $725,667,000. Jennison Associates LLC boosted its holdings in Snowflake by 20.5% in the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after purchasing an additional 1,363,389 shares during the last quarter. Sei Investments Co. boosted its holdings in Snowflake by 272.4% in the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock valued at $356,543,000 after purchasing an additional 1,165,515 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the sale, the director directly owned 50,329 shares in the company, valued at approximately $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction 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 transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 713,681 shares of company stock valued at $148,264,518 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SNOW shares. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Thursday, January 8th. Morgan Stanley set a $270.00 target price on Snowflake in a research report on Thursday, February 19th. Bank of America upped their price target on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Wells Fargo & Company reissued an “overweight” rating and set a $210.00 price objective on shares of Snowflake in a research report on Thursday. Finally, KeyCorp decreased their target price on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.16.

Snowflake Stock Performance

Shares of Snowflake stock opened at $169.74 on Thursday. The stock has a market capitalization of $58.09 billion, a price-to-earnings ratio of -42.02 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50-day moving average of $201.01 and a 200 day moving average of $223.09. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm earned $0.20 earnings per share. The business’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company beat revenue expectations and reported accelerating AI adoption; management flagged AI as a growth driver and forecasts fiscal‑2027 product revenue above Wall Street estimates, supporting forward revenue visibility. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: Quarterly revenue grew ~30% year‑over‑year and remaining performance obligations (RPO) rose materially, signaling contracted demand and multi‑period visibility tied to AI projects — a metric investors have been watching for sustainable AI monetization. Snowflake Revenue Rises As AI Adoption Accelerates
• Positive Sentiment: Some headline metrics beat consensus (revenue slightly above estimates; Zacks notes key metrics versus estimates), which supports the bullish narrative that Snowflake’s platform is benefiting from enterprise AI spend. Snowflake (SNOW) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
• Neutral Sentiment: Company released the earnings call transcript and slide deck for deeper detail — useful for verifying non‑GAAP vs GAAP differences and management commentary on AI monetization and RPO. Snowflake Inc. (SNOW) Q4 2026 Earnings Call Transcript
• Neutral Sentiment: Analysts and forecasters revised expectations into the print; some price‑target updates and research notes preceded earnings, so watch post‑report analyst reactions for further directional guidance. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4 Earnings
• Negative Sentiment: GAAP EPS missed badly (wide loss per share) despite revenue beats — the large GAAP loss and deterioration in operating result/diluted EPS were cited in market coverage and prompted some intraday selling pressure. Snowflake Inc. (SNOW) stock falls on Q4 2026 Earnings
• Negative Sentiment: Multiple law firms have filed/investigated securities class actions tied to prior disclosures and performance, adding legal overhang and potential future costs or distraction for management. SNOW DEADLINE ALERT: Faruqi & Faruqi, LLP Reminds Snowflake (SNOW) Investors of Securities Class Action Deadline
• Negative Sentiment: Insider selling and recent analyst downgrades were noted in the market, which can pressure sentiment even as top‑line growth remains healthy. Snowflake’s stock dips as the software company gives a mixed outlook

Snowflake Profile

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.