Light Street Capital Management LLC Takes $22.33 Million Position in Snowflake Inc. $SNOW

Light Street Capital Management LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 investment portfolio, making the stock its 12th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Laird Norton Wetherby Wealth Management LLC lifted its holdings in Snowflake by 7.7% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 1,282 shares of the company’s stock worth $289,000 after buying an additional 92 shares in the last quarter. Larson Financial Group LLC boosted its position in Snowflake by 175.9% in the 3rd quarter. Larson Financial Group LLC now owns 3,523 shares of the company’s stock valued at $795,000 after buying an additional 2,246 shares during the period. Lighthouse Investment Partners LLC grew its stake in shares of Snowflake by 670.6% in the third quarter. Lighthouse Investment Partners LLC now owns 26,971 shares of the company’s stock worth $6,083,000 after acquiring an additional 23,471 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Snowflake in the third quarter worth $39,000. Finally, KEYWISE CAPITAL MANAGEMENT HK Ltd purchased a new stake in shares of Snowflake during the third quarter worth $564,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Truist Financial reduced their price objective on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. DA Davidson cut their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Finally, Wedbush reiterated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Performance

Shares of SNOW stock opened at $174.35 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a fifty day moving average price of $188.66 and a 200 day moving average price of $221.05. The company has a market cap of $59.66 billion, a P/E ratio of -44.14 and a beta of 1.17. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. Sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the transaction, the executive vice president owned 461,351 shares in the company, valued at approximately $90,927,668.59. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the senior vice president directly owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 703,029 shares of company stock valued at $142,236,823. 6.80% of the stock is owned by insiders.

Trending Headlines about 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

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.