Gladstone Capital Management LLP Lowers Stock Holdings in Snowflake Inc. $SNOW

Key Points

• Gladstone Capital Management LLP cut its Snowflake stake by 98.2% in Q3, selling 374,359 shares and leaving 6,948 shares worth $1.567 million (Snowflake is ~0.2% of Gladstone’s portfolio).
• Snowflake reported a Q4 revenue beat (total revenue $1.28B; product revenue $1.22B, up ~30% YoY) and management is guiding roughly 27% YoY revenue growth for Q1 FY27, a near‑term catalyst cited by analysts.
• Insiders sold heavily this quarter — including Director Frank Slootman (200,000 shares) and EVP Christian Kleinerman (10,000 shares) — with total insider sales of about $144.5 million, which may add selling pressure.

Gladstone Capital Management LLP cut its holdings in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 98.2% during the 3rd 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 374,359 shares during the quarter. Snowflake comprises approximately 0.2% of Gladstone Capital Management LLP's portfolio, making the stock its 14th biggest holding. Gladstone Capital Management LLP's holdings in Snowflake were worth $1,567,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Snowflake by 13.5% in the 3rd 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. State Street Corp grew its stake in shares of Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company's stock valued at $1,541,120,000 after buying an additional 94,293 shares during the period. Artisan Partners Limited Partnership increased its stake in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company's stock worth $1,108,045,000 after acquiring an additional 652,485 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Snowflake by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company's stock worth $986,057,000 after purchasing an additional 133,059 shares during the period. 65.10% of the stock is owned by institutional investors and hedge funds.

More 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 Buying and Selling

In related news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $219.90, for a total value of $2,199,000.00. Following the sale, the executive vice president owned 471,351 shares of the company's stock, valued at $103,650,084.90. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the completion of the sale, the director owned 50,329 shares in the company, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 713,732 shares of company stock worth $144,510,676. 6.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price objective on Snowflake from $290.00 to $210.00 and set an "overweight" rating on the stock in a research note on Thursday, February 26th. Piper Sandler cut their target price on shares of Snowflake from $285.00 to $230.00 and set an "overweight" rating on the stock in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Snowflake from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, December 4th. BTIG Research lowered their target price on Snowflake from $312.00 to $235.00 and set a "buy" rating for the company in a research note on Monday, February 23rd. Finally, Royal Bank Of Canada set a $245.00 target price on Snowflake in a report on Wednesday, February 11th. 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.58.

Snowflake Trading Up 0.8%

Snowflake stock opened at $178.60 on Friday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm's 50-day moving average is $189.67 and its 200-day moving average is $221.18. 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 company has a market cap of $61.12 billion, a P/E ratio of -45.22 and a beta of 1.16.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. On average, equities analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

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.

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