Lighthouse Investment Partners LLC Buys 23,471 Shares of Snowflake Inc. $SNOW

Key Points

• Lighthouse Investment Partners increased its stake in Snowflake by 670.6% in Q3, buying an additional 23,471 shares to hold 26,971 shares worth about $6.08 million, and institutional investors now own roughly 65.1% of the stock.
• Snowflake reported strong FY2026/Q4 results with revenue of $1.28 billion (up ~30% YoY) and product revenue also up ~30%, signaling continued demand for its cloud/data platform and AI-related use cases.
• The stock faces elevated headline risk from legal actions—Robbins Geller and multiple plaintiff firms have filed investor notices alleging misstatements—and substantial insider selling (including Director Frank Slootman’s sale of 200,000 shares), which could pressure the share price.

Lighthouse Investment Partners LLC increased its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 670.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,971 shares of the company's stock after purchasing an additional 23,471 shares during the quarter. Lighthouse Investment Partners LLC's holdings in Snowflake were worth $6,083,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNOW. Brighton Jones LLC grew its stake in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock worth $9,556,000 after buying an additional 29,320 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock worth $1,637,000 after buying an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after acquiring an additional 73 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Snowflake by 19.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 21,303 shares of the company's stock valued at $4,767,000 after acquiring an additional 3,395 shares during the last quarter. Finally, Meridian Wealth Management LLC acquired a new stake in shares of Snowflake during the 2nd quarter valued at $567,000. Institutional investors own 65.10% 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

Insider Activity

In related news, Director Frank Slootman sold 200,000 shares of the business's stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. The trade was a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the sale, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This trade represents a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 703,029 shares of company stock worth $142,236,823 over the last ninety days. Corporate insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Piper Sandler reduced their price objective on Snowflake from $285.00 to $230.00 and set an "overweight" rating on the stock in a research report on Thursday, February 26th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research report on Thursday, February 26th. Robert W. Baird lifted their price target on Snowflake from $260.00 to $270.00 and gave the company an "outperform" rating in a research note on Thursday, December 4th. DA Davidson reduced their price target on Snowflake from $300.00 to $250.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Finally, Barclays lowered their price objective on Snowflake from $204.00 to $192.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $248.58.

Snowflake Stock Performance

NYSE:SNOW opened at $174.35 on Tuesday. The company has a market capitalization of $59.66 billion, a PE ratio of -44.14 and a beta of 1.17. The company has a 50 day simple moving average of $188.66 and a two-hundred day simple moving average of $221.05. 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 Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67.

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, topping 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 48.50%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $0.30 EPS. The company's revenue for the quarter was up 30.1% on a year-over-year basis. Research analysts anticipate 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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