Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Snowflake Inc. $SNOW

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Snowflake Inc. (NYSE:SNOW) by 315.4% in the third quarter, HoldingsChannel reports. The firm owned 201,401 shares of the company’s stock after acquiring an additional 152,917 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Snowflake were worth $45,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the period. Intech Investment Management LLC increased its stake in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Snowflake by 2.8% during the second quarter. Allworth Financial LP now owns 14,379 shares of the company’s stock worth $3,218,000 after purchasing an additional 390 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in Snowflake during the second quarter valued at $639,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 2,042 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total transaction of $372,542.48. Following the completion of the transaction, the director owned 47,558 shares of the company’s stock, valued at $8,676,481.52. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the firm’s 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 in the company, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 713,732 shares of company stock worth $144,510,676. Corporate insiders own 6.80% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of several analyst reports. Monness Crespi & Hardt increased their price target on Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Truist Financial decreased their price objective on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Rosenblatt Securities restated a “buy” rating and issued a $275.00 target price on shares of Snowflake in a research note on Thursday, February 26th. Needham & Company LLC reduced their price target on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, Mizuho reduced their price target on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Product and guidance beat — Snowflake reported rising product revenues (Q4 product revs noted at ~$1.22B) and the company expects ~27% YoY revenue growth for Q1 FY27, supporting the growth narrative. SNOW’s Robust Portfolio Fuels Revenue Growth
• Positive Sentiment: Analyst support and AI positioning — At least one recent analyst upgrade and continued coverage on Snowflake’s role in enterprise AI/context reinforce upside potential. Snowflake Gets Upgrade
• Positive Sentiment: Market opportunity — New studies and thought leadership (global GenAI adoption, enterprise AI ROI) bolster the TAM story and customer adoption evidence. India emerges as global leader in GenAI adoption
• Neutral Sentiment: Valuation debate — Analysts note strong growth but some see the current valuation as fair/discounting risk — useful context for positioning but not an immediate catalyst. Snowflake: Strong Growth, But Valuation Appears Fair
• Neutral Sentiment: Sector/industry coverage — Surveys and comparative pieces (AI job surveys, VC recalibration) reinforce demand trends; these are background drivers rather than immediate stock movers. Is AI stealing our jobs?
• Negative Sentiment: Legal risk intensifies — Multiple law firms have issued class‑action notices and reminders (lead‑plaintiff deadlines around April 27, 2026), increasing litigation overhang and potential future liability. Portnoy Law Firm Announces Class Action
• Negative Sentiment: Insider sales and market reaction — Recent Form 4 disclosures show material director and executive stock sales (including Frank Slootman and EVP Christian Kleinerman); coverage links these sales to short‑term downward pressure. Insider Selling: Director Sells $8.8M

Snowflake Stock Performance

SNOW opened at $177.39 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 company has a market cap of $60.70 billion, a price-to-earnings ratio of -44.91 and a beta of 1.16. Snowflake Inc. has a 52-week low of $120.10 and a 52-week high of $280.67. The firm’s fifty day simple moving average is $190.43 and its two-hundred day simple moving average is $221.30.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 EPS 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. Equities 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.