Light Street Capital Management LLC Makes New $22.33 Million Investment in Snowflake Inc. $SNOW

Light Street Capital Management LLC bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 99,000 shares of the company’s stock, valued at approximately $22,329,000. Snowflake makes up 3.8% of Light Street Capital Management LLC’s holdings, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of Snowflake during the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new stake in Snowflake during the third quarter worth about $28,000. SJS Investment Consulting Inc. increased its position in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Root Financial Partners LLC purchased a new position in Snowflake during the third quarter worth about $34,000. Finally, First Horizon Corp purchased a new position in Snowflake during the third quarter worth about $35,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Snowflake Price Performance

Snowflake stock opened at $174.35 on Tuesday. The company’s 50 day simple moving average is $188.66 and its 200-day simple moving average is $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 Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. 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 quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the company posted $0.30 EPS. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Ratings Changes

SNOW has been the subject of several analyst reports. Jefferies Financial Group set a $300.00 price target on shares of Snowflake in a research note on Monday, November 24th. KeyCorp decreased their price objective on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. Piper Sandler cut their target price on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Morgan Stanley reduced their target price on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $248.58.

Key Stories Impacting Snowflake

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

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $11,132,752.08. Following the completion of the transaction, the director directly owned 31,916 shares in the company, valued at $7,058,542.56. This trade represents a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 703,029 shares of company stock valued at $142,236,823 over the last three months. 6.80% of the stock is currently owned by company insiders.

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.