Avala Global LP Purchases Shares of 146,800 Snowflake Inc. $SNOW

Key Points

• Avala Global LP initiated a new stake in Snowflake, purchasing 146,800 shares in Q3 valued at about $33.1 million, roughly 1.4% of its portfolio and its 25th largest holding.
• Snowflake beat EPS and revenue in the latest quarter (EPS $0.32 vs $0.27 est.; revenue $1.28B, +30.1% YoY) and management cites strong product momentum with Q1 FY27 revenue growth guidance of ~27% YoY, supporting analyst optimism (consensus target ≈ $248.58).
• Insider selling has been notable—over 713,732 shares sold in the past 90 days (including Director Frank Slootman)—and multiple securities class‑action notices present a potential legal overhang.

Avala Global LP purchased a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 146,800 shares of the company's stock, valued at approximately $33,111,000. Snowflake accounts for about 1.4% of Avala Global LP's investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of SNOW. Grey Fox Wealth Advisors LLC acquired a new position in Snowflake in the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake in the 3rd quarter worth $28,000. SJS Investment Consulting Inc. lifted 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 worth $30,000 after acquiring an additional 130 shares during the last quarter. Root Financial Partners LLC acquired a new position in Snowflake during the 3rd quarter worth $34,000. Finally, First Horizon Corp bought a new stake in Snowflake during the third quarter valued at about $35,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Up 0.8%

NYSE SNOW opened at $178.60 on Friday. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The stock has a market cap of $61.12 billion, a PE ratio of -45.22 and a beta of 1.16. The firm has a 50-day simple moving average of $189.67 and a 200 day simple moving average of $221.37. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. On average, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Key Snowflake News

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.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 2,042 shares of Snowflake stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48. Following the sale, the director owned 47,558 shares in the company, valued at $8,676,481.52. The trade was a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 550 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 transaction of $100,342.00. Following the completion of the sale, the executive vice president directly owned 501,835 shares in the company, valued at $91,554,777.40. This trade represents a 0.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 713,732 shares of company stock worth $144,510,676. Company insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Citigroup decreased their target price on Snowflake from $300.00 to $270.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Argus raised Snowflake from a "hold" rating to a "buy" rating and set a $300.00 target price on the stock in a report on Thursday, January 8th. Canaccord Genuity Group dropped their price target on Snowflake from $270.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. Finally, Piper Sandler cut their price target on Snowflake from $285.00 to $230.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Snowflake presently has a consensus rating of "Moderate Buy" and an average price target of $248.58.

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.

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