Snowflake Inc. $SNOW Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd raised its position in shares of Snowflake Inc. (NYSE:SNOW) by 16.7% in the third quarter, HoldingsChannel.com reports. The firm owned 26,669 shares of the company’s stock after buying an additional 3,823 shares during the period. Vinva Investment Management Ltd’s holdings in Snowflake were worth $6,007,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares during the period. Jennison Associates LLC grew its holdings in Snowflake by 13.5% during the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after acquiring an additional 1,083,222 shares during the period. State Street Corp grew its holdings in Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after acquiring an additional 94,293 shares during the period. Artisan Partners Limited Partnership raised its position in Snowflake by 15.2% in the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Snowflake by 3.1% in the second quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock worth $986,057,000 after acquiring an additional 133,059 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake News Roundup

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 Stock Up 1.6%

Shares of NYSE:SNOW opened at $180.33 on Monday. The firm has a 50 day simple moving average of $193.81 and a 200 day simple moving average of $222.14. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market cap of $61.71 billion, a PE ratio of -45.65 and a beta of 1.16.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SNOW. Sanford C. Bernstein reduced their price objective on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a research report on Thursday, February 26th. Evercore boosted their target price on shares of Snowflake from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Royal Bank Of Canada set a $245.00 target price on shares of Snowflake in a report on Wednesday, February 11th. Finally, Raymond James Financial restated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and an average price target of $248.58.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the completion of the sale, the director directly owned 23,718 shares of the company’s stock, valued at approximately $3,918,687.96. This represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 662,940 shares of company stock worth $135,715,906. 6.80% of the stock is currently owned by corporate insiders.

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.