Coatue Management LLC Invests $441.28 Million in Snowflake Inc. $SNOW

Coatue Management LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,956,448 shares of the company’s stock, valued at approximately $441,277,000. Snowflake comprises approximately 1.1% of Coatue Management LLC’s holdings, making the stock its 26th biggest position. Coatue Management LLC owned approximately 0.58% of Snowflake at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Snowflake in the 2nd quarter worth approximately $944,895,000. Winslow Capital Management LLC acquired a new stake in shares of Snowflake during the 2nd quarter valued at approximately $725,667,000. American Century Companies Inc. lifted its stake in Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after purchasing an additional 1,473,354 shares during the last quarter. Sei Investments Co. boosted its holdings in Snowflake by 272.4% in the second quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock worth $356,543,000 after purchasing an additional 1,165,515 shares during the period. Finally, Jennison Associates LLC increased its stake in Snowflake by 13.5% during the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after purchasing an additional 1,083,222 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $178.60 on Friday. The firm’s 50 day moving average is $189.67 and its two-hundred day moving average is $221.37. The firm has a market capitalization of $61.12 billion, a P/E ratio of -45.22 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 52 week low of $120.10 and a 52 week high of $280.67.

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

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of recent research reports. Stifel Nicolaus set a $205.00 price target on shares of Snowflake in a research report on Thursday, February 26th. Mizuho dropped their price objective on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 17th. TD Cowen decreased their target price on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Oppenheimer reiterated a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. Finally, KeyCorp cut their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $248.58.

Insiders Place Their Bets

In related news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the 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 completion of the transaction, the director owned 31,916 shares of the company’s stock, 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. Over the last quarter, insiders have sold 713,732 shares of company stock worth $144,510,676. Insiders own 6.80% of the company’s stock.

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.