Fortress Investment Group LLC Has $4.51 Million Position in Snowflake Inc. $SNOW

Fortress Investment Group LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Snowflake makes up about 0.6% of Fortress Investment Group LLC’s investment portfolio, making the stock its 29th biggest holding. Fortress Investment Group LLC’s holdings in Snowflake were worth $4,511,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Delta Global Management LP bought a new position in shares of Snowflake during the third quarter worth $17,971,000. Coatue Management LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at $441,277,000. CSM Advisors LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at $1,258,000. Chevy Chase Trust Holdings LLC increased its position in shares of Snowflake by 5.1% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 351,555 shares of the company’s stock valued at $79,293,000 after buying an additional 16,989 shares in the last quarter. Finally, Circle Wealth Management LLC raised its stake in Snowflake by 3.5% during the 3rd quarter. Circle Wealth Management LLC now owns 19,847 shares of the company’s stock worth $4,476,000 after buying an additional 679 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Price Performance

SNOW stock opened at $178.60 on Monday. The stock has a 50-day moving average price of $189.67 and a two-hundred day moving average price of $221.52. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The stock has a market cap of $61.12 billion, a PE ratio of -45.22 and a beta of 1.17. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

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

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $70,601.57. Following the sale, the director owned 23,315 shares in the company, valued at approximately $4,084,554.85. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 2,042 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $372,542.48. Following the transaction, the director directly owned 47,558 shares of the company’s stock, valued at approximately $8,676,481.52. This trade represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 713,732 shares of company stock valued at $144,510,676. 6.80% of the stock is owned by insiders.

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.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler reduced their target price on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. DA Davidson lowered their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Truist Financial dropped their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $270.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

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.