Snowflake Inc. $SNOW Stake Boosted by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its stake in shares of Snowflake Inc. (NYSE:SNOW) by 22.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 368,207 shares of the company’s stock after purchasing an additional 67,409 shares during the quarter. Snowflake comprises 1.6% of Zevenbergen Capital Investments LLC’s portfolio, making the stock its 19th largest position. Zevenbergen Capital Investments LLC owned approximately 0.11% of Snowflake worth $83,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SNOW. Kingstone Capital Partners Texas LLC acquired a new stake in Snowflake in the second quarter worth $3,900,134,000. Norges Bank bought a new position in shares of Snowflake during the second quarter worth about $944,895,000. Winslow Capital Management LLC acquired a new stake in shares of Snowflake in the 2nd quarter worth about $725,667,000. AQR Capital Management LLC lifted its position in Snowflake by 346.2% in the 1st quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company’s stock valued at $456,430,000 after purchasing an additional 2,460,769 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Snowflake by 20.5% during the 2nd quarter. Jennison Associates LLC now owns 8,000,667 shares of the company’s stock valued at $1,790,309,000 after purchasing an additional 1,363,389 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures led a strategic equity financing in AtScale, signaling continued investment in the partner/ecosystem layer (semantics/agentic AI) that could expand integration and future revenue channels. Read More. Read More.
• Neutral Sentiment: Snowflake released its Q3 2026 financial results; investors should review the quarter’s revenue, retention/cohort metrics and guidance for signals about durable growth. Read More.
• Neutral Sentiment: Increased retail/institutional attention: Zacks notes heavy investor searches for SNOW, which can drive short-term volatility and volume without changing fundamentals. Read More.
• Negative Sentiment: A Snowflake software update triggered a widespread outage lasting roughly 13 hours across ~10 regions, affecting many customers and raising questions about operational risk, SLAs and resilience — a near-term reputational and revenue-risk event. Read More. Read More.
• Negative Sentiment: Prominent TV commentator Jim Cramer warned Snowflake’s recent decline looks like a “cohort” problem — an explicit call to watch customer retention and cohort economics, which would be a meaningful profit-growth risk if true. Read More.
• Negative Sentiment: Insider selling: a Snowflake director sold about $1.64M of stock; media noted the share drop that followed. Insider sales aren’t definitive but can pressure sentiment and short-term price action. Read More. Read More.

Snowflake Price Performance

NYSE:SNOW opened at $222.63 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 business’s 50-day moving average price is $247.74 and its 200 day moving average price is $227.67. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The firm has a market cap of $76.18 billion, a P/E ratio of -55.11 and a beta of 1.09.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. Snowflake’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. As a group, sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SNOW has been the topic 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. Barclays raised their target price on Snowflake from $219.00 to $255.00 and gave the company an “overweight” rating in a research report on Thursday, August 28th. BTIG Research reiterated a “buy” rating and set a $312.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $280.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Finally, Cantor Fitzgerald lifted their price objective on shares of Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $275.32.

Insider Buying and Selling

In other news, EVP Christian Kleinerman sold 2,975 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $212.45, for a total transaction of $632,038.75. Following the completion of the sale, the executive vice president directly owned 504,427 shares of the company’s stock, valued at $107,165,516.15. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank Slootman sold 7,728 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $212.45, for a total value of $1,641,813.60. Following the sale, the director directly owned 140,945 shares in the company, valued at $29,943,765.25. This trade represents a 5.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 221,537 shares of company stock worth $53,336,395. Corporate 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.