Artisan Partners Limited Partnership Reduces Holdings in Snowflake Inc. $SNOW

Artisan Partners Limited Partnership decreased its position in shares of Snowflake Inc. (NYSE:SNOW) by 22.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,848,053 shares of the company’s stock after selling 1,103,662 shares during the period. Snowflake comprises about 1.2% of Artisan Partners Limited Partnership’s holdings, making the stock its 21st largest holding. Artisan Partners Limited Partnership’s holdings in Snowflake were worth $867,928,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SNOW. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake during the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $28,000. Rossby Financial LCC grew its stake in shares of Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 127 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after buying an additional 130 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after buying an additional 121 shares during the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SNOW. DA Davidson reduced their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a report on Thursday. KeyCorp dropped their target price on shares of Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Scotiabank cut their price target on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price objective on shares of Snowflake in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $248.58.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at $127,871,648.50. The trade was a 1.91% decrease in their position. The transaction was disclosed in a legal filing 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 on Friday, December 5th. The shares were sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the transaction, the director owned 32,756 shares of the company’s stock, valued at $7,555,171.40. This trade represents a 60.58% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 713,681 shares of company stock worth $148,264,518. 6.80% of the stock is currently owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and strong momentum — Snowflake reported fiscal Q4 revenue up ~30% and adjusted EPS above estimates; management highlighted robust product demand, cash‑flow gains and a large remaining performance obligation (RPO) backlog that supports growth. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: FY27 product revenue guide viewed as supportive — management outlined ~27% product revenue growth for fiscal 2027 and flagged AI workloads as a material demand driver, which analysts and investors see as confirmation of the company’s positioning in the enterprise AI transition. Snowflake outlines 27% product revenue growth outlook for FY ’27 while expanding AI
• Positive Sentiment: Analyst commentary and AI thesis — several firms (RBC, Wedbush, Morgan Stanley coverage noted in media) framed Snowflake as well‑positioned for enterprise AI, which provided a demand narrative supporting the rally. Snowflake Seen as ‘AI Winner’ as Companies Move More Data to AI Workflows, Wedbush Says
• Neutral Sentiment: Mixed market reaction — despite the beat, some investors focused on the guidance cadence and margin dynamics, producing mixed intraday responses in different outlets; watch execution versus the RPO-to-revenue ramp. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Multiple class‑action notices and lawsuits — several law firms (Rosen, Portnoy, Faruqi & Faruqi, Bernstein Liebhard, etc.) have publicized class actions tied to prior disclosures; legal overhang and potential litigation costs increase investor risk and can pressure sentiment. ROSEN, A LONGSTANDING LAW FIRM, Encourages Snowflake Inc Investors to Secure Counsel
• Negative Sentiment: Widespread price‑target cuts — many brokerages trimmed SNOW price targets after the print (while often keeping buy/overweight ratings), which can cap near‑term upside and contribute to volatility as analysts reset models. These Analysts Slash Their Forecasts On Snowflake After Q4 Results

Snowflake Price Performance

Shares of Snowflake stock opened at $173.03 on Friday. The stock has a market cap of $59.21 billion, a P/E ratio of -43.81 and a beta of 1.14. 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 stock’s fifty day moving average is $200.03 and its 200 day moving average is $222.74. Snowflake Inc. has a one year low of $120.10 and a one year 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, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.30 earnings per share. Sell-side analysts anticipate that Snowflake Inc. will post -2.36 earnings per share 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.