Orion Porfolio Solutions LLC Has $3.23 Million Holdings in Snowflake Inc. $SNOW

Orion Porfolio Solutions LLC lifted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 47.7% during the 3rd quarter, Holdings Channel reports. The firm owned 14,319 shares of the company’s stock after purchasing an additional 4,622 shares during the period. Orion Porfolio Solutions LLC’s holdings in Snowflake were worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $70,601.57. Following the completion of the transaction, the director owned 23,315 shares of the company’s stock, valued at $4,084,554.85. This represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 50,329 shares in the company, valued at $8,903,703.39. This represents a 66.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 711,140 shares of company stock worth $144,037,791. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SNOW. Monness Crespi & Hardt increased their target price on Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Evercore boosted their price target on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Wells Fargo & Company cut their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. The Goldman Sachs Group decreased their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Finally, Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Price Performance

Shares of SNOW stock opened at $182.63 on Tuesday. The business has a fifty day simple moving average of $193.01 and a 200 day simple moving average of $222.05. The company has a market cap of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67.

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

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

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.