Mizuho Markets Cayman LP Cuts Position in Snowflake Inc. $SNOW

Mizuho Markets Cayman LP decreased its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 82.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,500 shares of the company’s stock after selling 176,518 shares during the period. Snowflake accounts for 0.3% of Mizuho Markets Cayman LP’s portfolio, making the stock its 22nd largest position. Mizuho Markets Cayman LP’s holdings in Snowflake were worth $8,684,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Morse Asset Management Inc boosted its position in shares of Snowflake by 1.1% in the 3rd quarter. Morse Asset Management Inc now owns 11,371 shares of the company’s stock worth $2,565,000 after purchasing an additional 126 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in Snowflake by 29.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 35,648 shares of the company’s stock valued at $8,040,000 after buying an additional 8,057 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Snowflake by 23.4% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 283,414 shares of the company’s stock valued at $63,922,000 after buying an additional 53,743 shares in the last quarter. L2 Asset Management LLC grew its stake in shares of Snowflake by 4.9% in the third quarter. L2 Asset Management LLC now owns 1,379 shares of the company’s stock worth $311,000 after acquiring an additional 64 shares during the last quarter. Finally, Light Street Capital Management LLC purchased a new stake in shares of Snowflake in the third quarter worth $22,329,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SNOW. BTIG Research lowered their price target on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Stifel Nicolaus set a $205.00 price objective on shares of Snowflake in a research report on Thursday, February 26th. Wells Fargo & Company reduced their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada set a $245.00 price target on shares of Snowflake in a report on Wednesday, February 11th. Two equities research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Price Performance

NYSE SNOW opened at $174.35 on Tuesday. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The stock has a 50-day moving average of $188.66 and a 200 day moving average 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. The company has a market capitalization of $59.66 billion, a price-to-earnings ratio of -44.14 and a beta of 1.17.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business’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 business earned $0.30 EPS. On average, sell-side analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Activity at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the transaction, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 703,029 shares of company stock worth $142,236,823 in the last three months. 6.80% of the stock is currently owned by company insiders.

More Snowflake News

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

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.