Neuberger Berman Group LLC Purchases 8,732 Shares of Snowflake Inc. $SNOW

Key Points

• Neuberger Berman increased its Snowflake stake by 8.8%, buying 8,732 shares to hold 107,563 shares worth about $24.26 million at the end of the quarter.
• Insiders have been net sellers — including Vivek Raghunathan (11,801 shares) and Frank Slootman (100,000 shares) — with 662,940 shares sold in the last 90 days, and multiple class‑action notices add near‑term legal/headline risk.
• Analysts remain cautiously constructive: the consensus rating is Moderate Buy with an average price target of $248.58, supported by an EPS beat ($0.32 vs. $0.27) and 30% revenue growth plus AI partnership momentum.

Neuberger Berman Group LLC lifted its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,563 shares of the company's stock after acquiring an additional 8,732 shares during the quarter. Neuberger Berman Group LLC's holdings in Snowflake were worth $24,261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Marietta Investment Partners LLC acquired a new position in Snowflake in the 3rd quarter worth about $1,871,000. Sunpointe LLC grew its holdings in shares of Snowflake by 145.4% during the third quarter. Sunpointe LLC now owns 2,577 shares of the company's stock worth $581,000 after purchasing an additional 1,527 shares during the last quarter. Pitcairn Co. bought a new stake in shares of Snowflake during the third quarter worth about $266,000. Crossmark Global Holdings Inc. increased its stake in shares of Snowflake by 4.5% in the third quarter. Crossmark Global Holdings Inc. now owns 2,450 shares of the company's stock valued at $553,000 after buying an additional 106 shares during the period. Finally, Orion Porfolio Solutions LLC boosted its position in Snowflake by 47.7% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,319 shares of the company's stock worth $3,229,000 after buying an additional 4,622 shares during the period. Institutional investors own 65.10% of the company's stock.

Wall Street Analyst Weigh In

SNOW has been the topic of a number of research reports. Macquarie Infrastructure boosted their target price on shares of Snowflake from $235.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, December 4th. Sanford C. Bernstein cut their price target on shares of Snowflake from $237.00 to $195.00 and set a "market perform" rating on the stock in a report on Thursday, February 26th. BTIG Research reduced their price objective on shares of Snowflake from $312.00 to $235.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Guggenheim restated a "neutral" rating on shares of Snowflake in a report on Wednesday, February 18th. Finally, UBS Group lowered their target price on Snowflake from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $248.58.

Insider Activity

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company's stock, valued at approximately $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 662,940 shares of company stock worth $135,715,906. 6.80% of the stock is owned by insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from "strong sell" to "hold" — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Snowflake Stock Up 1.6%

Shares of NYSE SNOW opened at $180.33 on Friday. The company's 50 day moving average price is $193.81 and its 200-day moving average price is $221.95. 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 52-week low of $120.10 and a 52-week high of $280.67. The company has a market capitalization of $61.71 billion, a P/E ratio of -45.65 and a beta of 1.16.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the company posted $0.30 earnings per share. Snowflake's revenue for the quarter was up 30.1% compared to the same quarter last year. Equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

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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