QRG Capital Management Inc. Raises Holdings in Snowflake Inc. $SNOW

Key Points

• QRG Capital Management more than doubled its Snowflake stake in Q4 (up 106.9%) to 43,042 shares worth $9.44 million, while other institutions including PFA Pension and Strs Ohio also added large positions, leaving institutional ownership at about 65.10%.
• Snowflake beat Q4 estimates with $0.32 EPS (vs. $0.27) and $1.28B revenue (vs. $1.25B), with revenue up 30.1% year-over-year, but the company remains unprofitable (net margin -28.43%, negative ROE).
• Analysts maintain a consensus "Moderate Buy" with an average price target of $242.19 — implying sizable upside from the ~ $142 share price — even as insiders sold roughly 435,054 shares (~$72.7M) last quarter.

QRG Capital Management Inc. grew its position in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 106.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,042 shares of the company's stock after purchasing an additional 22,241 shares during the period. QRG Capital Management Inc.'s holdings in Snowflake were worth $9,442,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Hussman Strategic Advisors Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at about $1,843,000. Benjamin Edwards Inc. grew its position in shares of Snowflake by 79.6% during the fourth quarter. Benjamin Edwards Inc. now owns 10,363 shares of the company's stock valued at $2,274,000 after purchasing an additional 4,593 shares in the last quarter. Strs Ohio grew its position in shares of Snowflake by 34.4% during the fourth quarter. Strs Ohio now owns 327,404 shares of the company's stock valued at $71,819,000 after purchasing an additional 83,722 shares in the last quarter. Composition Wealth LLC grew its position in shares of Snowflake by 16.5% during the fourth quarter. Composition Wealth LLC now owns 1,374 shares of the company's stock valued at $301,000 after purchasing an additional 195 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Snowflake during the fourth quarter valued at about $38,614,000. Hedge funds and other institutional investors own 65.10% of the company's stock.

Snowflake Stock Down 1.7%

Shares of NYSE:SNOW opened at $141.75 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 12 month low of $118.30 and a 12 month high of $280.67. The company has a 50-day moving average price of $157.50 and a 200 day moving average price of $201.76. The company has a market cap of $49.00 billion, a price-to-earnings ratio of -35.89 and a beta of 1.08.

Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.30 earnings per share. As a group, equities research analysts predict that Snowflake Inc. will post -2.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research analyst reports. Raymond James Financial restated an "outperform" rating on shares of Snowflake in a research report on Monday, February 2nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $250.00 price target on shares of Snowflake in a report on Monday, February 23rd. Mizuho lowered their price target on shares of Snowflake from $285.00 to $220.00 and set an "outperform" rating for the company in a report on Tuesday, February 17th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $275.00 price target on shares of Snowflake in a report on Thursday, February 26th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Snowflake from $268.00 to $245.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. One analyst has 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $242.19.

Insiders Place Their Bets

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the firm's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of the sale, the senior vice president owned 273,323 shares of the company's stock, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 11,299 shares of the firm's stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the sale, the director directly owned 38,046 shares of the company's stock, valued at approximately $6,667,561.50. The trade was a 22.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 435,054 shares of company stock valued at $72,691,801 over the last quarter. Corporate insiders own 6.80% of the company's stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts' consensus price targets imply large upside versus the current share price, suggesting buy-side conviction and potential price support if analyst optimism persists. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Positive Sentiment: o9 Solutions announced an integration using Snowflake’s Connected Application framework to link the o9 Digital Brain to Snowflake’s AI Data Cloud — a partnership that can drive additional enterprise adoption and usage-based revenue over time. o9 Solutions Announces Connected Application on Snowflake to Advance Enterprise Planning on a Unified Data Foundation
• Neutral Sentiment: Bank of America reiterated a Buy rating but trimmed its price target (from $275 to $195), which signals continued bullish conviction but reduces near-term upside expectations and may cap momentum. BofA Maintains Buy Rating on Snowflake (SNOW)
• Neutral Sentiment: Media pieces highlighting broad broker/analyst buy consensus reinforce positive narrative but note the usual caveats about analyst optimism; such coverage can support interest but is not a catalyst on its own. Brokers Suggest Investing in Snowflake (SNOW): Read This Before Placing a Bet
• Neutral Sentiment: Snowflake set its Q1 FY2027 earnings release for May 27, which creates an upcoming catalyst for volatility — investors should expect guidance and usage metrics that could swing the stock. Snowflake to Announce Financial Results for the First Quarter of Fiscal 2027 on May 27, 2026
• Negative Sentiment: Large director share sales (executed under a pre-arranged Rule 10b5-1 plan) were disclosed — while pre-arranged plans reduce informational concern, the magnitude of the sales can weigh on sentiment if investors view insider selling as a negative signal. SEC Filing: Insider Form 4 — Michael L. Speiser

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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