Lighthouse Investment Partners LLC Acquires 23,471 Shares of Snowflake Inc. $SNOW

Lighthouse Investment Partners LLC lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 670.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 26,971 shares of the company’s stock after buying an additional 23,471 shares during the period. Lighthouse Investment Partners LLC’s holdings in Snowflake were worth $6,083,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of SNOW. JPL Wealth Management LLC acquired a new position in shares of Snowflake during the 3rd quarter valued at $39,000. KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new stake in Snowflake in the third quarter worth $564,000. Hilltop Holdings Inc. grew its holdings in Snowflake by 42.1% in the third quarter. Hilltop Holdings Inc. now owns 6,051 shares of the company’s stock worth $1,365,000 after purchasing an additional 1,793 shares during the period. Gotham Asset Management LLC increased its stake in Snowflake by 68.4% in the third quarter. Gotham Asset Management LLC now owns 956,539 shares of the company’s stock valued at $215,747,000 after purchasing an additional 388,608 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Snowflake by 2.1% in the third quarter. Focus Partners Wealth now owns 75,873 shares of the company’s stock valued at $17,114,000 after purchasing an additional 1,548 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $70,601.57. Following the transaction, the director directly owned 23,315 shares in the company, valued at approximately $4,084,554.85. This trade represents a 1.70% 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, Director Frank Slootman sold 2,042 shares of Snowflake stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total transaction of $372,542.48. Following the transaction, the director directly owned 47,558 shares in the company, valued at $8,676,481.52. This represents a 4.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 703,029 shares of company stock valued at $142,236,823. 6.80% of the stock is owned by insiders.

Snowflake Stock Performance

Shares of SNOW opened at $174.35 on Tuesday. The firm has a market capitalization of $59.66 billion, a P/E ratio of -44.14 and a beta of 1.17. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The stock has a 50 day moving average price of $188.66 and a two-hundred day moving average price of $221.05. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share 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 revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter last year, the company earned $0.30 earnings per share. Equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported strong FY2026/Q4 results with revenue of $1.28B, up ~30% year‑over‑year, and product revenue also up ~30% — evidence of continued demand for its cloud/data platform and AI-related use cases. This fundamental momentum supports longer‑term growth expectations. Snowflake FY2026 Revenue Hits $1.28B
• Positive Sentiment: Recent media pieces highlight Snowflake as a favored growth/AI investment, which can sustain investor interest and strong demand over the medium term. InsiderMonkey: 5 Best Growth Stocks The Motley Fool: AI Stocks Article
• Neutral Sentiment: Technical and valuation context is mixed: SNOW remains below its 50‑ and 200‑day moving averages and still posts a negative trailing P/E, which can amplify downside on negative news even while fundamentals improve.
• Negative Sentiment: Robbins Geller filed/announced an investor notice alleging Snowflake misled investors about revenue headwinds tied to product changes — a more specific claim that increases legal risk and could pressure the stock if the case gains traction. Robbins Geller Investor Notice
• Negative Sentiment: Multiple plaintiff firms (Faruqi & Faruqi, Rosen, Schall, DJS, others) have issued lead‑plaintiff reminders and solicitations tied to a class period (June 27, 2023–Feb 28, 2024) with an April 27, 2026 deadline — an influx of filings/claims and media coverage can boost headline risk and short‑term volatility. Faruqi & Faruqi Notice Rosen Law Firm Notice Schall Law Firm Notice DJS Law Group Notice

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SNOW. Scotiabank cut their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. UBS Group dropped their price target on Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. JPMorgan Chase & Co. cut their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Bank of America raised their price objective on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

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.