First Trust Advisors LP Grows Stake in Snowflake Inc. $SNOW

First Trust Advisors LP boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 5.8% during the 3rd quarter, Holdings Channel reports. The firm owned 1,388,689 shares of the company’s stock after buying an additional 76,164 shares during the period. First Trust Advisors LP’s holdings in Snowflake were worth $313,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Neuberger Berman Group LLC raised its position in shares of Snowflake by 8.8% during the third quarter. Neuberger Berman Group LLC now owns 107,563 shares of the company’s stock valued at $24,261,000 after buying an additional 8,732 shares during the last quarter. Marietta Investment Partners LLC purchased a new position in Snowflake during the third quarter valued at $1,871,000. Sunpointe LLC grew its stake in Snowflake by 145.4% during the third quarter. Sunpointe LLC now owns 2,577 shares of the company’s stock valued at $581,000 after acquiring an additional 1,527 shares in the last quarter. Pitcairn Co. bought a new stake in Snowflake in the 3rd quarter valued at $266,000. Finally, Crossmark Global Holdings Inc. increased its holdings in Snowflake by 4.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,450 shares of the company’s stock valued at $553,000 after acquiring an additional 106 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 662,940 shares of company stock worth $135,715,906 in the last ninety days. 6.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a report on Thursday, January 8th. Citigroup reduced their target price on Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Macquarie Infrastructure increased their price target on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Bank of America raised their price target on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, November 17th. Two investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average price target of $248.58.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Snowflake Price Performance

Snowflake stock opened at $180.33 on Friday. The firm has a 50-day moving average price of $193.81 and a 200-day moving average price of $221.74. The firm has a market capitalization of $61.71 billion, a PE ratio of -45.65 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly 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. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. As a group, equities research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current 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.