Vanguard Group Inc. Boosts Holdings in Snowflake Inc. $SNOW

Key Points

• Vanguard increased its stake by 5.1% in Q4 to 30,095,687 shares—about 8.79% of Snowflake, valued at roughly $6.6 billion.
• Company insiders have been net sellers recently (394,313 shares sold in the last 90 days, including Director Frank Slootman’s 100,000‑share sale), leaving insiders with about 6.8% ownership.
• Analyst views are mixed—several firms cut targets but the consensus is a "Moderate Buy" with an average target of ~$242—while short interest jumped ~28.5% to ~18M shares and securities‑fraud suits pose near‑term downside risk.

Vanguard Group Inc. lifted its holdings in Snowflake Inc. (NYSE:SNOW - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,095,687 shares of the company's stock after purchasing an additional 1,448,094 shares during the period. Vanguard Group Inc. owned approximately 8.79% of Snowflake worth $6,601,790,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company's stock valued at $2,048,871,000 after buying an additional 1,083,222 shares during the period. American Century Companies Inc. increased its position in shares of Snowflake by 233.3% during the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company's stock worth $474,766,000 after acquiring an additional 1,473,354 shares during the period. Northern Trust Corp increased its position in shares of Snowflake by 2.7% during the third quarter. Northern Trust Corp now owns 2,089,150 shares of the company's stock worth $471,208,000 after acquiring an additional 55,683 shares during the period. Coatue Management LLC acquired a new stake in shares of Snowflake in the third quarter valued at $441,277,000. Finally, Legal & General Group Plc raised its stake in shares of Snowflake by 5.1% in the third quarter. Legal & General Group Plc now owns 1,853,589 shares of the company's stock valued at $418,077,000 after acquiring an additional 89,191 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the sale, the director owned 50,329 shares in the company, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Vivek Raghunathan sold 3,876 shares of the stock in a transaction that occurred on 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 directly owned 273,323 shares of the company's stock, valued at $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 394,313 shares of company stock worth $67,477,780. 6.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SNOW has been the subject of several analyst reports. Mizuho lowered their target price on Snowflake from $285.00 to $220.00 and set an "outperform" rating for the company in a research note on Tuesday, February 17th. Guggenheim reaffirmed a "neutral" rating on shares of Snowflake in a research report on Wednesday, February 18th. The Goldman Sachs Group decreased their price objective on Snowflake from $286.00 to $246.00 and set a "buy" rating for the company in a research note on Wednesday, February 11th. UBS Group cut their target price on shares of Snowflake from $235.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of Snowflake from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Snowflake has a consensus rating of "Moderate Buy" and an average target price of $242.19.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced major updates to Snowflake Intelligence and Cortex Code that reinforce its positioning as a control plane for agentic AI — a strategic product win that supports long‑term revenue monetization for AI workloads. Snowflake (SNOW) Unveils Major Updates to Snowflake Intelligence, Cortex Code
• Positive Sentiment: Partner momentum: Slalom highlighted new Microsoft and Snowflake partner recognitions, which can help drive channel-led customer adoption and services revenue. Slalom Builds Momentum with 2026 Tech Trends...
• Neutral Sentiment: Ex-Snowflake talent impact: Coverage of an ex-Snowflake scientist launching an AI startup that outperformed general models is notable for the ecosystem but does not directly change Snowflake’s fundamentals. The Data Scientist Who Sharpened Snowflake’s Multi-Billion-Dollar Forecasts...
• Negative Sentiment: Short interest jumped sharply in April to ~18.0M shares (up 28.5% vs. March), equal to ~5.6% of float and a short‑interest ratio ~1.9 days — increased hedge/short activity can amplify downside momentum. (No direct link provided in the entry)
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff candidates in a securities‑fraud class action covering purchases between June 27, 2023 and Feb 28, 2024. The legal overhang increases uncertainty and could pressure the stock while litigation proceeds. Representative notices: Rosen Law Firm and Bronstein, Gewirtz & Grossman. SNOW Deadline: SNOW Investors Have Opportunity to Lead Snowflake Inc. Securities Fraud Lawsuit Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act...
• Negative Sentiment: Analyst and market skepticism on AI demand: KeyBanc trimmed its price target citing AI‑related demand concerns and channel checks, signaling near‑term revenue risk and contributing to negative sentiment. No Respite For Snowflake (SNOW) As AI Fears Continue Driving The Stock Down

Snowflake Price Performance

Shares of SNOW opened at $140.14 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake Inc. has a 1-year low of $118.30 and a 1-year high of $280.67. The stock has a market cap of $48.45 billion, a PE ratio of -35.48 and a beta of 1.23. The firm has a fifty day moving average price of $161.13 and a 200 day moving average price of $205.40.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating 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 return on equity of 50.61% and a negative net margin of 28.43%.The business's quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current year.

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.

Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.