Snowflake Inc. $SNOW Shares Acquired by Assetmark Inc.

Key Points

• Assetmark Inc. increased its stake in Snowflake by 99.1% in Q4, buying 98,870 shares to hold 198,655 shares worth about $43.6 million (≈0.06% of the company).
• Heavy insider selling has occurred recently — insiders sold 594,313 shares worth $108.8 million over the last 90 days (company insiders now own 6.8%), a potential source of selling pressure.
• Snowflake beat quarterly estimates with $0.32 EPS and revenue of $1.28 billion (up 30.1% year‑over‑year), but analysts have trimmed price targets and the stock faces reputational/legal risks from a reported Rockstar data breach and multiple class‑action filings.

Assetmark Inc. lifted its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 99.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,655 shares of the company's stock after buying an additional 98,870 shares during the period. Assetmark Inc. owned about 0.06% of Snowflake worth $43,577,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company's stock valued at $165,123,000 after purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. boosted its position in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company's stock valued at $92,047,000 after purchasing an additional 48,411 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Snowflake during the third quarter valued at $116,882,000. Penserra Capital Management LLC boosted its position in Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company's stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company's stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company's stock.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director directly owned 30,236 shares in the company, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the transaction, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 594,313 shares of company stock worth $108,831,780. Company insiders own 6.80% of the company's stock.

Snowflake Trading Up 0.9%

Snowflake stock opened at $135.42 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The business's 50-day simple moving average is $165.26 and its 200-day simple moving average is $210.40. The firm has a market capitalization of $46.81 billion, a PE ratio of -34.28 and a beta of 1.23. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $280.67.

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, topping analysts' consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. Equities research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research reports. Scotiabank reduced their price objective on Snowflake from $290.00 to $205.00 and set a "sector outperform" rating for the company in a research report on Thursday, February 26th. Truist Financial reduced their price objective on Snowflake from $270.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company reduced their price objective on Snowflake from $290.00 to $210.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Canaccord Genuity Group reduced their price objective on Snowflake from $270.00 to $240.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, Needham & Company LLC reduced their price target on Snowflake from $280.00 to $200.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and a consensus price target of $246.92.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Sector rebound and bullish coverage lifted demand for cloud/data names, with headlines reporting strong gains for software peers and SNOW participating in that move. Salesforce Jumps 5%, Adobe Climbs 6%, Snowflake Rockets 9
• Positive Sentiment: Long‑call bullish pieces argue Snowflake is oversold after the “SaaSpocalypse” and present it as a recovery buy with upside potential if execution stabilizes. Buy This 1 Stock for Triple-Digit Gains
• Positive Sentiment: News roundup coverage highlighted Snowflake among names “skyrocketing” in the software rebound, supporting short‑term inflows. Salesforce, Snowflake, and Tenable shares skyrocket
• Neutral Sentiment: Analyst comparison pieces place Snowflake in the broader AI/data platform race; this frames long‑term opportunity but doesn't change near‑term legal/security risk profile. Planet Labs vs. Snowflake: Which AI Data Stock Has an Edge Now?
• Negative Sentiment: Multiple reports tie a recent Rockstar Games data breach to a Snowflake instance, raising potential client‑security, contract and PR risks; investigations and confirmation are ongoing but the headlines increase reputational risk. Millions of Rockstar Games business records stolen Snowflake-linked hack hits Rockstar Games Rockstar confirms hack: ransom demand threats issued
• Negative Sentiment: A surge of securities‑class‑action filings and law‑firm investor alerts name Snowflake and set an April 27, 2026 lead‑plaintiff deadline; that wave increases potential legal costs, management distraction and investor uncertainty. Links: Pomerantz, Bronstein, Faruqi, Portnoy, Gross, Bernstein, Rosen, Levi & Korsinsky, Schall, DJS. Pomerantz investor alert Bronstein class action notice Faruqi deadline alert
• Negative Sentiment: Sentiment/positioning analysis suggests the recent sell‑off was driven more by sentiment and insider selling than fundamentals; that view supports opportunistic buyers but also signals heightened execution risk while sentiment normalizes. Snowflake: Sentiment Broke - I Prefer Selling Puts Here

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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