Quantbot Technologies LP Cuts Stake in Snowflake Inc. $SNOW

Quantbot Technologies LP reduced its stake in shares of Snowflake Inc. (NYSE:SNOW) by 80.0% in the third quarter, Holdings Channel reports. The fund owned 7,258 shares of the company’s stock after selling 28,977 shares during the quarter. Quantbot Technologies LP’s holdings in Snowflake were worth $1,637,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after acquiring an additional 48,411 shares during the period. Penserra Capital Management LLC boosted its holdings in Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the period. Vanguard Group Inc. grew its position in Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after buying an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of Snowflake by 102.9% during the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Evercore and other Wall Street bulls see deep upside for SNOW (Evercore named it a top pick and analysts argue AI traction could recover recent losses). Wall Street Thinks Hard-Hit SNOW Stock Can Gain 40% in 2026
• Positive Sentiment: Channel and AI commentary (CRN, The Motley Fool) highlight Snowflake’s FY27 partner strategy and growing position as an AI platform, which supports revenue/consumption upside if adoption continues. Snowflake Enters Fiscal Year 2027: 5 Key Channel Takeaways
• Neutral Sentiment: Senior EVP Christian Kleinerman sold 10,000 shares (Form 4 filed). The sale is disclosed and modest relative to his remaining stake, but some investors interpret insider sales as a caution sign. Insider sale filing
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — useful for detail on strategy and execution but not an immediate catalyst by itself. Presentation transcript
• Negative Sentiment: Multiple law firms have filed or announced securities class actions and investor alerts alleging misleading disclosures tied to Snowflake’s standalone AI subscription product; the filings increase headline risk and could lead to legal costs or management distraction. PR Newswire class action notice
• Negative Sentiment: Several firms (Pomerantz, Rosen, Bronstein, Bernstein Liebhard, others) are actively soliciting lead plaintiffs and reminders of claim deadlines — the quantity of filings amplifies short‑term selling pressure and sentiment risk. GlobeNewswire investor alert

Snowflake Stock Performance

Snowflake stock opened at $168.30 on Thursday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. 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’s 50 day moving average is $195.57 and its 200 day moving average is $222.18. The company has a market capitalization of $57.59 billion, a P/E ratio of -42.61 and a beta of 1.16.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. Snowflake’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the business earned $0.30 EPS. On average, equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SNOW shares. Rosenblatt Securities restated a “buy” rating and set a $275.00 price target on shares of Snowflake in a research report on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $270.00 price target on shares of Snowflake in a research report on Thursday, December 4th. JPMorgan Chase & Co. decreased their price objective on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Mizuho lowered their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. Finally, DA Davidson dropped their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $248.58.

Insider Activity

In related news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the completion of the sale, the executive vice president directly owned 471,351 shares of the company’s stock, valued at approximately $103,650,084.90. The trade was a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 713,681 shares of company stock valued at $147,419,318 in the last quarter. Insiders own 6.80% of the company’s stock.

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.