Snowflake Inc. $SNOW Shares Sold by Baillie Gifford & Co.

Key Points

• Baillie Gifford & Co. trimmed its Snowflake stake by 2.1% in Q4, selling 59,804 shares and now holds 2,735,752 shares (about 0.80% of SNOW) valued at roughly $600.1 million.
• Insider and institutional activity: insiders have sold 594,313 shares worth $108.8M over the last 90 days (insiders own 6.8%), while large institutions like Vanguard and Jennison have grown positions and institutional ownership is about 65.1%.
• Mixed fundamentals and risks: Snowflake beat Q results (EPS $0.32 vs $0.27; revenue $1.28B, +30.1% YoY) but the stock is under pressure from sector repricing, class‑action/legal notices and reported customer data‑theft incidents, leaving shares near 52‑week lows.

Baillie Gifford & Co. lowered its position in Snowflake Inc. (NYSE:SNOW - Free Report) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,735,752 shares of the company's stock after selling 59,804 shares during the quarter. Baillie Gifford & Co. owned about 0.80% of Snowflake worth $600,115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SNOW. Vanguard Group Inc. lifted its holdings in shares of 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. Jennison Associates LLC grew its holdings in shares of Snowflake by 13.5% during the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company's stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock valued at $474,766,000 after acquiring an additional 1,473,354 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Snowflake by 2.7% in the 3rd quarter. Northern Trust Corp now owns 2,089,150 shares of the company's stock valued at $471,208,000 after purchasing an additional 55,683 shares during the last quarter. Finally, Coatue Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $441,277,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Stock Down 0.1%

Shares of SNOW stock opened at $120.95 on Monday. The firm has a fifty day moving average of $167.13 and a 200-day moving average of $211.65. The company has a quick ratio of 1.30, a current 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 market capitalization of $41.81 billion, a price-to-earnings ratio of -30.62 and a beta of 1.23.

Snowflake (NYSE:SNOW - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $0.30 earnings per share. The firm's revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Product/strategy update: Snowflake expanded its open‑data strategy by adding Iceberg V3 support and a governance/portability plan — a technical move that strengthens Snowflake’s data interoperability and enterprise appeal. SiliconANGLE article
• Positive Sentiment: Buy thesis from long‑term investors: commentary pieces argue SNOW may be oversold and present a dip‑buy opportunity given its consumption-based revenue model and AI demand tailwinds. These views can support longer‑term recovery narratives. Seeking Alpha article
• Neutral Sentiment: Market attention: SNOW is among several names highlighted in daily market roundups of AI and cloud names moving today; such coverage increases short‑term volatility but is informational rather than company‑specific. MSN roundup
• Negative Sentiment: Multiple class‑action and investor notices: several law firms (Rosen, Bronstein Gewirtz & Grossman, Faruqi & Faruqi, Pomerantz, Schall, Bernstein Liebhard, etc.) have filed or are soliciting lead‑plaintiff claims covering purchases from June 27, 2023 to Feb 28, 2024 and are urging investors to act before an April 27, 2026 deadline — adding legal overhang and headline risk. Rosen Law Firm notice Bronstein notice
• Negative Sentiment: Sector repricing and heavy selling: coverage points to an “AI infrastructure” sell‑off that repriced enterprise‑software names today — SNOW fell sharply, traded at 52‑week lows and saw volume spike as investors rotated out of speculative AI plays. That macro/sector weakness is the primary driver of today’s price action. 247WallSt analysis Investing.com report
• Negative Sentiment: Security incident fallout: reports that some Snowflake customers suffered data‑theft attacks after a third‑party issue add operational and reputational risk concerns for the platform. MSN / Yahoo coverage

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 403 shares of Snowflake stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $148.21, for a total transaction of $59,728.63. Following the sale, the director directly owned 22,912 shares of the company's stock, valued at approximately $3,395,787.52. The trade was a 1.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 2,621 shares of the business's stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 594,313 shares of company stock worth $108,831,780. 6.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of research analyst reports. Argus raised shares of Snowflake from a "hold" rating to a "buy" rating and set a $300.00 target price for the company in a research report on Thursday, January 8th. Citigroup lowered their target price on shares of Snowflake from $300.00 to $270.00 and set a "buy" rating on the stock in a research note on Wednesday, February 18th. Mizuho lowered 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. TD Cowen decreased their price objective on shares of Snowflake from $270.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Finally, DA Davidson decreased their price objective on shares of Snowflake from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Snowflake has an average rating of "Moderate Buy" and an average target price of $249.62.

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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