Mizuho Markets Cayman LP Has $8.68 Million Stake in Snowflake Inc. $SNOW

Key Points

• Mizuho Markets Cayman LP cut its stake in Snowflake by 82.1% in Q3, selling 176,518 shares and leaving it with 38,500 shares valued at about $8.68 million.
• Snowflake reported Q4 beats — $1.28B revenue (+30.1% YoY) and $0.32 EPS versus $0.27 expected — and analysts remain broadly constructive (consensus price target ~$248.58) as AI product adoption and partnerships fuel growth prospects.
• Risks include elevated insider selling (directors sold shares and ~703,029 shares sold in the last 90 days worth ~$142M) and a surge of class‑action notices plus options-market positioning that could cap near‑term upside.

Mizuho Markets Cayman LP lessened its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 82.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,500 shares of the company's stock after selling 176,518 shares during the period. Snowflake accounts for 0.4% of Mizuho Markets Cayman LP's holdings, making the stock its 27th biggest holding. Mizuho Markets Cayman LP's holdings in Snowflake were worth $8,684,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SNOW. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake in the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its stake in shares of Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company's stock valued at $30,000 after purchasing an additional 130 shares during the period. Root Financial Partners LLC bought a new stake in shares of Snowflake during the 3rd quarter valued at about $34,000. Finally, First Horizon Corp bought a new stake in shares of Snowflake during the 3rd quarter valued at about $35,000. Institutional investors own 65.10% of the company's stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4/product beat and revenue momentum: Snowflake reported product revenue growth that beat expectations (roughly 30% YoY reported in recent coverage), supporting the company's cloud/AI adoption story. InsiderMonkey: Revenue Beats
• Positive Sentiment: Bank of America reiterates conviction: After an investor meeting with CFO Brian Robins, BofA kept a Buy rating and $275 price target, reinforcing bullish analyst backing for Snowflake’s long‑term growth potential. ProactiveInvestors: BofA Reiterates Buy
• Positive Sentiment: AI narrative and new features broaden addressable market: Coverage highlights Snowflake’s Q4 strength, rapid customer adds, and >430 new AI features plus partnerships (Anthropic, Google Cloud, OpenAI), which could extend revenue upside if adoption continues. Yahoo Finance: AI-Powered Q4
• Neutral Sentiment: Macquarie remains cautious: One report pairs the revenue beat with Macquarie maintaining a Neutral stance, underscoring that some brokers still see valuation/near‑term execution risks. InsiderMonkey: Macquarie Neutral
• Neutral Sentiment: New leadership progress but challenges persist: Analysis of Snowflake’s first full year under CEO Sridhar Ramaswamy notes progress on product and positioning, but flags competitive and valuation headwinds that keep the story mixed. 247WallSt: Leadership Review
• Negative Sentiment: Options/market positioning shows skepticism: A pieces suggests traders are using bear call spreads to express limited upside expectations, implying short‑term sentiment may cap gains. Yahoo Finance: Options Strategy
• Negative Sentiment: Wave of class‑action notices and litigation risk: Multiple law firms (Pomerantz, Rosen, Bronstein Gewirtz & Grossman, Schall, Bernstein Liebhard, Faruqi & Faruqi, Robbins Geller, DJS, Gross) have issued filings or investor alerts alleging securities claims tied to prior disclosures—this surge in litigation notices increases legal overhang and could pressure investor sentiment or lead to costs. GlobeNewswire: Pomerantz Alert BusinessWire: Robbins Geller Notice

Snowflake Trading Up 0.3%

NYSE SNOW opened at $174.87 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The business has a 50 day moving average price of $187.47 and a 200-day moving average price of $220.60. The company has a market cap of $59.84 billion, a price-to-earnings ratio of -44.27 and a beta of 1.17.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The business's revenue was up 30.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. As a group, equities analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SNOW. Mizuho lowered their target price on Snowflake from $285.00 to $220.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. Wells Fargo & Company cut their price target on Snowflake from $290.00 to $210.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Oppenheimer reaffirmed a "buy" rating on shares of Snowflake in a research report on Thursday, February 26th. Barclays dropped their target price on shares of Snowflake from $204.00 to $192.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 26th. Finally, Citigroup cut their target price on shares of Snowflake from $300.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Two 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $248.58.

Insider Buying and Selling

In related news, Director Frank Slootman sold 2,042 shares of the firm's stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total transaction of $372,542.48. Following the transaction, the director directly owned 47,558 shares of the company's stock, valued at $8,676,481.52. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $70,601.57. Following the transaction, the director directly owned 23,315 shares in the company, valued at approximately $4,084,554.85. This represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 703,029 shares of company stock worth $142,236,823. 6.80% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.