LGT Group Foundation Reduces Stake in Snowflake Inc. $SNOW

LGT Group Foundation cut its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 31.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,911 shares of the company’s stock after selling 7,828 shares during the period. LGT Group Foundation’s holdings in Snowflake were worth $3,899,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNOW. Brighton Jones LLC increased its position 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 purchasing an additional 29,320 shares during the period. Intech Investment Management LLC boosted its stake in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. Golden State Wealth Management LLC raised its stake in Snowflake by 417.2% in the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after buying an additional 121 shares in the last quarter. Finally, Modera Wealth Management LLC lifted its holdings in Snowflake by 6.2% in the second quarter. Modera Wealth Management LLC now owns 2,534 shares of the company’s stock worth $567,000 after buying an additional 149 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. DA Davidson decreased their target price on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Piper Sandler lowered their price objective on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Needham & Company LLC dropped their target price on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. UBS Group decreased their price target on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Wells Fargo & Company decreased their target price on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the transaction, the director owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. The trade was a 79.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $221.16, for a total transaction of $11,132,752.08. Following the transaction, the director owned 31,916 shares in the company, valued at $7,058,542.56. This represents a 61.20% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 711,140 shares of company stock valued at $144,037,791. Company insiders own 6.80% of the company’s stock.

Snowflake Price Performance

Shares of NYSE SNOW opened at $182.63 on Tuesday. The firm has a market cap of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. 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 50 day moving average of $193.01 and a 200 day moving average of $222.05.

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