California Public Employees Retirement System Buys 22,199 Shares of Snowflake Inc. $SNOW

California Public Employees Retirement System increased its stake in Snowflake Inc. (NYSE:SNOW) by 4.4% in the 3rd quarter, Holdings Channel reports. The firm owned 524,417 shares of the company’s stock after purchasing an additional 22,199 shares during the period. California Public Employees Retirement System’s holdings in Snowflake were worth $118,282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after buying an additional 8,002 shares during the last quarter. Federated Hermes Inc. grew its stake in Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after buying an additional 48,411 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after acquiring an additional 37,911 shares during the period. Vanguard Group Inc. raised its holdings in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after acquiring an additional 857,832 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Snowflake during the 3rd quarter worth $116,882,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SNOW shares. Piper Sandler decreased their price target on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Needham & Company LLC cut their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Citigroup cut their price objective on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $205.00 target price on Snowflake in a report on Thursday, February 26th. Finally, Macquarie Infrastructure lifted their price target on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Price Performance

Shares of SNOW stock opened at $174.35 on Tuesday. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a market capitalization of $59.66 billion, a P/E ratio of -44.14 and a beta of 1.17. The stock has a 50 day moving average of $188.66 and a two-hundred day moving average of $221.05. 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 (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for 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%.Snowflake’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. As a group, equities analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 2,042 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total value of $372,542.48. Following the sale, the director owned 47,558 shares of the company’s stock, valued at $8,676,481.52. The trade was a 4.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christian Kleinerman sold 550 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $100,342.00. Following the completion of the transaction, the executive vice president owned 501,835 shares of the company’s stock, valued at approximately $91,554,777.40. This represents a 0.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 703,029 shares of company stock worth $142,236,823 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported strong FY2026/Q4 results with revenue of $1.28B, up ~30% year‑over‑year, and product revenue also up ~30% — evidence of continued demand for its cloud/data platform and AI-related use cases. This fundamental momentum supports longer‑term growth expectations. Snowflake FY2026 Revenue Hits $1.28B
• Positive Sentiment: Recent media pieces highlight Snowflake as a favored growth/AI investment, which can sustain investor interest and strong demand over the medium term. InsiderMonkey: 5 Best Growth Stocks The Motley Fool: AI Stocks Article
• Neutral Sentiment: Technical and valuation context is mixed: SNOW remains below its 50‑ and 200‑day moving averages and still posts a negative trailing P/E, which can amplify downside on negative news even while fundamentals improve.
• Negative Sentiment: Robbins Geller filed/announced an investor notice alleging Snowflake misled investors about revenue headwinds tied to product changes — a more specific claim that increases legal risk and could pressure the stock if the case gains traction. Robbins Geller Investor Notice
• Negative Sentiment: Multiple plaintiff firms (Faruqi & Faruqi, Rosen, Schall, DJS, others) have issued lead‑plaintiff reminders and solicitations tied to a class period (June 27, 2023–Feb 28, 2024) with an April 27, 2026 deadline — an influx of filings/claims and media coverage can boost headline risk and short‑term volatility. Faruqi & Faruqi Notice Rosen Law Firm Notice Schall Law Firm Notice DJS Law Group Notice

Snowflake Company Profile

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.