Snowflake Inc. $SNOW is Gotham Asset Management LLC's 6th Largest Position

Key Points

• Gotham Asset Management increased its Snowflake stake by 68.4% to 956,539 shares, making SNOW its 6th-largest holding and representing about $215.7 million (0.28% of the company) at the end of the quarter.
• Snowflake beat Q4 expectations with $0.32 EPS (vs. $0.27 est.) and $1.28B revenue (+30.1% YoY), but the company remains unprofitable (negative ROE and net margin) and analysts forecast a negative FY EPS.
• Investor risks include significant recent insider selling (713,732 shares worth ~$144.5M in 90 days) and multiple securities class-action filings, creating potential near-term overhang despite bullish analyst sentiment and AI-related growth narratives.

Gotham Asset Management LLC grew its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 68.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 956,539 shares of the company's stock after acquiring an additional 388,608 shares during the period. Snowflake comprises approximately 0.9% of Gotham Asset Management LLC's investment portfolio, making the stock its 6th biggest position. Gotham Asset Management LLC owned approximately 0.28% of Snowflake worth $215,747,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC raised its holdings in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company's stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC grew its holdings in Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company's stock valued at $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. grew its holdings in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company's stock valued at $47,000 after purchasing an additional 73 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Snowflake by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 21,303 shares of the company's stock valued at $4,767,000 after buying an additional 3,395 shares in the last quarter. Finally, Empower Advisory Group LLC purchased a new stake in shares of Snowflake in the second quarter valued at approximately $54,119,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $178.60 on Monday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The firm has a market capitalization of $61.12 billion, a PE ratio of -45.22 and a beta of 1.17. The business's 50 day moving average price is $189.67 and its 200-day moving average price is $221.52.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during 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 firm's revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. As a group, equities research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Snowflake News Summary

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.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 2,042 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total value of $372,542.48. Following the completion of the sale, the director directly owned 47,558 shares in the company, valued at $8,676,481.52. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser sold 403 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $70,601.57. Following the completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 713,732 shares of company stock valued at $144,510,676 over the last 90 days. 6.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotiabank decreased their target price on Snowflake from $290.00 to $205.00 and set a "sector outperform" rating on the stock in a research report on Thursday, February 26th. Piper Sandler cut their price target on shares of Snowflake from $285.00 to $230.00 and set an "overweight" rating for the company in a report on Thursday, February 26th. Mizuho cut 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. Oppenheimer restated a "buy" rating on shares of Snowflake in a research report on Thursday, February 26th. Finally, Zacks Research raised shares of Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Two 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. According to data from MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $248.58.

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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