Snowflake Inc. $SNOW Stake Lessened by Altimeter Capital Management LP

Altimeter Capital Management LP cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 14.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,428,384 shares of the company’s stock after selling 397,246 shares during the period. Snowflake makes up about 7.2% of Altimeter Capital Management LP’s portfolio, making the stock its 4th largest holding. Altimeter Capital Management LP owned 0.72% of Snowflake worth $547,722,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SNOW. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake in the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC purchased a new stake in shares of Snowflake in the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its stake in shares of Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares during the period. Root Financial Partners LLC acquired a new position in shares of Snowflake during the 3rd quarter worth approximately $34,000. Finally, First Horizon Corp purchased a new position in shares of Snowflake during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the completion of the sale, the executive vice president owned 471,351 shares of the company’s stock, valued at approximately $103,650,084.90. The trade was a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 713,732 shares of company stock valued at $144,510,676. Insiders own 6.80% of the company’s stock.

Snowflake Trading Up 0.8%

Shares of SNOW stock opened at $178.60 on Friday. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock’s fifty day moving average is $189.67 and its two-hundred day moving average is $221.37. The firm has a market capitalization of $61.12 billion, a P/E ratio of -45.22 and a beta of 1.16.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SNOW. JPMorgan Chase & Co. dropped their price target on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Evercore upped their price objective on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Piper Sandler decreased their price objective on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Finally, Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Snowflake Company 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.