Sierra Summit Advisors LLC Purchases 3,610 Shares of Snowflake Inc. $SNOW

Sierra Summit Advisors LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 7.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,285 shares of the company’s stock after buying an additional 3,610 shares during the quarter. Snowflake accounts for 1.9% of Sierra Summit Advisors LLC’s holdings, making the stock its 19th biggest holding. Sierra Summit Advisors LLC’s holdings in Snowflake were worth $12,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Snowflake in the second quarter valued at about $944,895,000. Winslow Capital Management LLC bought a new stake in Snowflake in the 2nd quarter valued at about $725,667,000. American Century Companies Inc. grew its position in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after purchasing an additional 1,473,354 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Snowflake by 272.4% during the second quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock worth $356,543,000 after purchasing an additional 1,165,515 shares during the period. Finally, Jennison Associates LLC raised its position in shares of Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after buying an additional 1,083,222 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

Analysts Set New Price Targets

A number of brokerages recently issued reports on SNOW. Macquarie Infrastructure increased their price target on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. TD Cowen cut their target price on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday. Mizuho decreased their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Finally, Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the transaction, the director directly owned 50,329 shares in the company, valued at approximately $8,903,703.39. This represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $165.22, for a total value of $8,316,844.36. Following the sale, the director directly owned 31,076 shares in the company, valued at approximately $5,134,376.72. This trade represents a 61.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 713,681 shares of company stock worth $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Snowflake stock opened at $168.42 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $57.63 billion, a PE ratio of -42.64 and a beta of 1.14. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67. The business’s 50-day moving average price is $198.95 and its two-hundred day moving average price is $222.78.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during 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 earnings per share. As a group, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

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.