Pinnbrook Capital Management LP Sells 164,937 Shares of Snowflake Inc. $SNOW

Key Points

• Pinnbrook Capital Management cut its Snowflake stake by 90.5% in Q3, selling 164,937 shares and leaving it with 17,305 shares valued at $3.903 million.
• Company insiders have been active sellers — insiders disposed of 713,732 shares worth about $144.5 million in the last 90 days (insiders still own 6.8% of the stock), including recent director sales by Michael L. Speiser and Frank Slootman.
• Snowflake reported a beat with $1.28 billion in quarterly revenue (product revenues of $1.22B) and management is guiding ~27% YoY revenue growth for Q1 FY27; analysts maintain a consensus "Moderate Buy" with an average target near $248.58.

Pinnbrook Capital Management LP lessened its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 90.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,305 shares of the company's stock after selling 164,937 shares during the quarter. Pinnbrook Capital Management LP's holdings in Snowflake were worth $3,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Grey Fox Wealth Advisors LLC bought a new position in shares of Snowflake during the third quarter valued at about $25,000. Tripletail Wealth Management LLC purchased a new position in shares of Snowflake in the third quarter worth 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 acquiring an additional 130 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Snowflake in the 3rd quarter valued at about $34,000. Finally, First Horizon Corp purchased a new stake in Snowflake during the 3rd quarter valued at about $35,000. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $70,601.57. Following the sale, the director owned 23,315 shares of the company's stock, valued at approximately $4,084,554.85. The trade was a 1.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 2,042 shares of the business'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 owned 47,558 shares in the company, valued at $8,676,481.52. This represents a 4.12% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 713,732 shares of company stock valued at $144,510,676. Company insiders own 6.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research upgraded Snowflake from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research note on Wednesday, February 18th. UBS Group cut their target price on shares of Snowflake from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Thursday, February 26th. Mizuho decreased their target price on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 17th. Finally, Wedbush reiterated an "outperform" rating and set a $270.00 price target on shares of Snowflake in a report on Thursday, December 4th. Two research 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 assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has an average rating of "Moderate Buy" and an average target price of $248.58.

Key Stories Impacting Snowflake

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.

Snowflake Price Performance

Shares of Snowflake stock opened at $178.60 on Friday. The business has a 50 day moving average of $189.67 and a 200 day moving average of $221.18. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a market cap of $61.12 billion, a PE ratio of -45.22 and a beta of 1.16. 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 (NYSE:SNOW - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. The business had revenue of $1.28 billion for 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 firm's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, equities research analysts forecast 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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