Perpetual Ltd Sells 6,397 Shares of Snowflake Inc. $SNOW

Perpetual Ltd lowered its position in shares of Snowflake Inc. (NYSE:SNOW) by 47.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,948 shares of the company’s stock after selling 6,397 shares during the quarter. Perpetual Ltd’s holdings in Snowflake were worth $1,524,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SNOW. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after buying an additional 48,411 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Snowflake in the 3rd quarter worth approximately $116,882,000. Penserra Capital Management LLC increased its position in Snowflake by 32.8% during the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after buying an additional 37,911 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Snowflake by 3.1% during the 3rd 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 in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 2,141 shares of Snowflake stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $173.97, for a total value of $372,469.77. Following the completion of the sale, the chief accounting officer owned 44,553 shares of the company’s stock, valued at $7,750,885.41. The trade was a 4.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the transaction, the director directly owned 30,236 shares in the company, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 543,572 shares of company stock worth $101,311,456. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have commented on SNOW. Rosenblatt Securities reissued a “buy” rating and issued a $275.00 target price on shares of Snowflake in a report on Thursday, February 26th. Oppenheimer restated a “buy” rating on shares of Snowflake in a report on Thursday, February 26th. Morgan Stanley dropped their price target on shares of Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Piper Sandler cut their price objective on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average target price of $249.62.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $151.89 on Friday. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The business has a 50-day simple moving average of $173.75 and a two-hundred day simple moving average of $214.68. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $52.51 billion, a price-to-earnings ratio of -38.45 and a beta of 1.23.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results 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. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and highlighted Snowflake as a top AI‑infrastructure pick, reinforcing the TAM and long‑term AI monetization narrative. Read More.
• Positive Sentiment: Seeking Alpha upgraded Snowflake to a “Speculative Buy,” citing strong agentic AI monetization (125% NRR) and expanding multi‑year RPOs ($9.77B), which supports premium valuation expectations if execution continues. Read More.
• Positive Sentiment: Coverage and research pieces note AI workload expansion and Snowflake’s AI tooling are driving platform usage — a potential revenue accelerator if the company scales deployments and converts larger deals. Read More.
• Positive Sentiment: Management move: Snowflake promoted long‑time sales leader Jonathan Beaulier to Chief Revenue Officer, a signal that the company is prioritizing sales execution and go‑to‑market monetization. Read More.
• Neutral Sentiment: Some broker/press commentary (e.g., Mizuho, other analysts) says the CRO change and pullback make Snowflake more interesting but flags execution risk — mixed near‑term conviction despite positive catalysts. Read More.
• Neutral Sentiment: Analyst takes vary: several notes recommend watching the pullback but stop short of a clear buy for all investors, leaving market reaction dependent on upcoming execution signals. Read More.
• Negative Sentiment: Legal overhang: multiple law firms have issued investor alerts and class‑action notices related to alleged securities violations with an April 27, 2026 lead‑plaintiff deadline — this increases short‑term uncertainty and can pressure the stock while litigation unfolds. Read More.
• Negative Sentiment: Insider activity: SVP Vivek Raghunathan sold ~3,876 shares under a pre‑arranged Rule 10b5‑1 plan (small reduction). Routine but sometimes interpreted negatively by short‑term traders. Read More.
• Negative Sentiment: Short‑term trader tools: some options‑strategy commentary is positioning SNOW for bearish plays, reflecting trader skepticism amid recent volatility. Read More.

Snowflake 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.