SPX Gestao de Recursos Ltda Sells 24,400 Shares of Snowflake Inc. $SNOW

Key Points

• SPX Gestao de Recursos Ltda cut its stake in Snowflake by 81.3%, selling 24,400 shares and leaving 5,600 shares valued at about $1.263 million at the end of the quarter.
• Snowflake shows strong post‑earnings and AI momentum—double‑digit product revenue growth and partnerships (OpenAI/Anthropic)—and analysts hold a consensus "Moderate Buy" with a $248.58 average price target.
• Near‑term risks include multiple securities class‑action filings and heavy insider selling (662,940 shares worth ~$135.7 million in the last 90 days), increasing legal and headline uncertainty.

SPX Gestao de Recursos Ltda cut its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 81.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the company's stock after selling 24,400 shares during the period. SPX Gestao de Recursos Ltda's holdings in Snowflake were worth $1,263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SNOW. Grey Fox Wealth Advisors LLC bought a new position in Snowflake in the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC bought a new stake in shares of Snowflake during the 3rd quarter worth $28,000. SJS Investment Consulting Inc. raised its stake in shares of Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company's stock worth $30,000 after purchasing an additional 130 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Snowflake by 417.2% in the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company's stock worth $34,000 after buying an additional 121 shares during the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Snowflake during the third quarter worth about $34,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from "strong sell" to "hold" — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SNOW shares. Truist Financial dropped their target price on shares of Snowflake from $270.00 to $240.00 and set a "buy" rating on the stock in a research note on Thursday, February 26th. Wedbush reiterated an "outperform" rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Cantor Fitzgerald reissued an "overweight" rating and set a $250.00 price objective on shares of Snowflake in a report on Monday, February 23rd. Robert W. Baird raised their target price on Snowflake from $260.00 to $270.00 and gave the stock an "outperform" rating in a research report on Thursday, December 4th. Finally, UBS Group dropped their price target on Snowflake from $265.00 to $235.00 and set a "buy" rating on the stock in a research report on Thursday, February 26th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $248.58.

Snowflake Stock Up 1.6%

Snowflake stock opened at $180.33 on Friday. The firm has a 50 day simple moving average of $193.81 and a 200 day simple moving average of $221.74. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. 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 $61.71 billion, a price-to-earnings ratio of -45.65 and a beta of 1.16.

Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business's revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. On average, analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the completion of the transaction, the executive vice president owned 471,351 shares of the company's stock, valued at $103,650,084.90. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Slootman sold 200,000 shares of the company's stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the sale, the director owned 50,329 shares in the company, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 662,940 shares of company stock worth $135,715,906 in the last 90 days. 6.80% of the stock is owned by company insiders.

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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