Marietta Investment Partners LLC Makes New Investment in Snowflake Inc. $SNOW

Key Points

• Marietta Investment Partners bought a new stake of 8,295 shares of Snowflake in Q3, valued at about $1.87 million, while institutional investors now own roughly 65.1% of the stock.
• Snowflake beat Q4/FY2026 estimates (EPS $0.32 vs. $0.27; revenue $1.28B, up 30.1% YoY) and management’s AI platform momentum has driven bullish analyst coverage and a consensus "Moderate Buy" average price target near $248.58.
• Risks include substantial insider selling (about 662,940 shares worth ~$135.7M last quarter) and multiple securities‑class action filings alleging misleading disclosures around AI products and pricing.

Marietta Investment Partners LLC bought a new stake in Snowflake Inc. (NYSE:SNOW - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,295 shares of the company's stock, valued at approximately $1,871,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake during the 3rd quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new stake in Snowflake during the third quarter worth $28,000. SJS Investment Consulting Inc. boosted its position in Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company's stock valued at $34,000 after purchasing an additional 121 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of Snowflake during the 3rd quarter valued at $34,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 / FY2026 beat and AI positioning underpin optimism — Snowflake’s recent quarter showed product‑revenue strength and management emphasized AI platform momentum, which appears to be driving post‑earnings follow‑through. Snowflake shares rise 4.4%
• Positive Sentiment: Wall Street remains constructive with several buy/overweight ratings and above‑consensus price targets (median targets well above the current price), supporting upside expectations for a recovery if AI consumption grows. Wall Street Thinks SNOW Can Gain 40%
• Positive Sentiment: Broker and industry coverage (including Goldman/others) highlight potential AI upside from Snowflake’s platform and partner integrations — a catalyst for investors betting on accelerating consumption. Snowflake earnings beat
• Neutral Sentiment: Insider sale disclosed — EVP Christian Kleinerman sold 10,000 shares in early March; the sale is relatively small versus his remaining stake but may be noticed by short‑term traders. SEC Form 4
• Neutral Sentiment: Investor events and presentations (e.g., Morgan Stanley conference transcript) provide management color on strategy and AI roadmap — useful for modeling but not an immediate market mover. Morgan Stanley transcript
• Negative Sentiment: Multiple securities‑class action filings and investor alerts allege misleading disclosures tied to product/pricing after Snowflake’s AI offerings — the volume of filings increases headline risk, could pressure sentiment, and may result in legal costs or management distraction. Rosen Law Firm notice Pomerantz investor alert

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. KeyCorp cut their price target on shares of Snowflake from $285.00 to $235.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Bank of America lifted their price objective on shares of Snowflake from $280.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, November 17th. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research report on Monday, November 24th. Wells Fargo & Company lowered their price target on shares of Snowflake from $290.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Finally, Citigroup dropped their price objective on Snowflake from $300.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $248.58.

Snowflake Stock Up 5.5%

SNOW opened at $177.48 on Friday. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a market cap of $60.73 billion, a PE ratio of -44.93 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $194.68 and a 200 day moving average of $221.87.

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

Insider Buying and Selling

In other news, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the sale, the senior vice president directly owned 218,020 shares of the company's stock, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $165.22, for a total transaction of $66,583.66. Following the completion of the transaction, the director owned 23,718 shares of the company's stock, valued at $3,918,687.96. This trade represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 662,940 shares of company stock worth $135,715,906. Company insiders own 6.80% of the company's stock.

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.

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