NZS Capital LLC Buys 13,604 Shares of Snowflake Inc. $SNOW

NZS Capital LLC lifted its position in Snowflake Inc. (NYSE:SNOW) by 5.8% during the third quarter, HoldingsChannel.com reports. The fund owned 247,057 shares of the company’s stock after purchasing an additional 13,604 shares during the period. Snowflake makes up approximately 1.7% of NZS Capital LLC’s investment portfolio, making the stock its 20th biggest holding. NZS Capital LLC’s holdings in Snowflake were worth $55,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake in the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake during the third quarter worth $28,000. SJS Investment Consulting Inc. grew its holdings in shares of Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after buying an additional 130 shares during the period. Golden State Wealth Management LLC increased its position in shares of Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after buying an additional 121 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Snowflake during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SNOW. DA Davidson reduced their target price on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. BTIG Research dropped their price target on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Morgan Stanley cut their price objective on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group decreased their price objective on Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Finally, KeyCorp dropped their target price on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Insider Buying and Selling at Snowflake

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 713,681 shares of company stock worth $147,419,318 in the last three months. 6.80% of the stock is currently owned by company insiders.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Citi raised its model and price target following strong AI performance, keeping a Buy rating — this supports upside expectations from Snowflake’s AI traction. Citi updates model
• Positive Sentiment: New commercial partnerships and integrations (Capita and Rockfish Data) expand go-to-market and vertical reach for Snowflake’s AI Data Cloud, which can help drive consumption growth. Capita collaboration Rockfish integration
• Positive Sentiment: Channel coverage highlights Snowflake’s FY27 strategy and partner opportunities — useful for revenue/consumption visibility through indirect channels. CRN channel takeaways
• Neutral Sentiment: Senior EVP Christian Kleinerman sold 10,000 shares (disclosed Form 4); the sale is relatively small versus his remaining holdings but can be interpreted negatively by some investors. Insider sale filing
• Neutral Sentiment: Local real estate note: Snowflake signed an 83k sq ft Midtown office lease — operational detail with limited market impact but signals ongoing footprint needs. Office lease
• Negative Sentiment: Multiple law firms have filed securities class actions alleging misleading disclosures about product efficiency, pricing and revenue implications after Snowflake launched a standalone subscription for an AI development tool — this is pressuring sentiment and could lead to legal costs or management distraction. Class action coverage
• Negative Sentiment: Several firms (Pomerantz, Bronstein, Robbins, Rosen, Bernstein Liebhard, DJS, Schall et al.) issued investor alerts and complaints seeking lead plaintiffs — the volume of filings amplifies headline risk and short-term selling pressure. Pomerantz investor alert

Snowflake Trading Down 2.9%

NYSE SNOW opened at $165.42 on Wednesday. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. 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 stock’s 50 day moving average price is $196.63 and its two-hundred day moving average price is $222.56. The stock has a market capitalization of $56.61 billion, a price-to-earnings ratio of -41.88 and a beta of 1.16.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The company 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 quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the business earned $0.30 EPS. As a group, analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

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.