Gunderson Capital Management Inc. Takes $3.09 Million Position in Snowflake Inc. $SNOW

Gunderson Capital Management Inc. bought a new stake in Snowflake Inc. (NYSE:SNOW) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 14,070 shares of the company’s stock, valued at approximately $3,086,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. LeConte Wealth Management LLC purchased a new position in Snowflake in the fourth quarter valued at $204,000. Nikulski Financial Inc. purchased a new stake in shares of Snowflake during the 4th quarter worth about $348,000. Allspring Global Investments Holdings LLC grew its position in shares of Snowflake by 36.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 522,066 shares of the company’s stock valued at $113,137,000 after acquiring an additional 139,002 shares during the period. Zevenbergen Capital Investments LLC grew its position in shares of Snowflake by 18.3% during the 4th quarter. Zevenbergen Capital Investments LLC now owns 435,633 shares of the company’s stock valued at $95,560,000 after acquiring an additional 67,426 shares during the period. Finally, J. Safra Sarasin Holding AG increased its stake in shares of Snowflake by 44.7% in the 4th quarter. J. Safra Sarasin Holding AG now owns 7,781 shares of the company’s stock valued at $1,707,000 after purchasing an additional 2,402 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

NYSE:SNOW opened at $150.24 on Wednesday. The stock has a 50 day moving average of $177.16 and a two-hundred day moving average of $216.08. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67. The firm has a market cap of $51.94 billion, a P/E ratio of -38.04 and a beta of 1.16. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released 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 for 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. On average, 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 named long-time sales leader Jonathan Beaulier as Chief Revenue Officer to run revenue and go-to-market teams, a move investors view as putting an experienced insider in charge of monetization. Article Title
• Positive Sentiment: Morningstar expanded the scope of investment datasets available on Snowflake Marketplace, strengthening Snowflake’s position in financial-data workflows and creating more high-value, potentially high-margin consumption on the platform. Article Title
• Positive Sentiment: Recent coverage highlights Snowflake’s Cortex AI strategy and solid Q4 operating performance (revenue growth and product momentum), which support the longer-term thesis that AI-driven compute could drive higher consumption revenue. Article Title
• Neutral Sentiment: Wall Street consensus remains constructive (average brokerage recommendation ~Buy), which can support upside if execution continues, but analyst optimism has been questioned in the press. Article Title
• Neutral Sentiment: Snowflake appointed Michel Nader to lead the META region, advancing regional AI and go-to-market efforts — a tactical personnel move with localized growth implications. Article Title
• Negative Sentiment: Investors were unsettled by the surprise departure of CRO Mike Gannon for personal reasons after only a year in the role, which triggered near-term uncertainty about go-to-market continuity. Article Title
• Negative Sentiment: Multiple law firms have filed or are soliciting lead-plaintiff roles in securities class actions alleging disclosure failures tied to a prior class period; the legal notices and potential litigation exposure are a material overhang on the stock. Article Title
• Negative Sentiment: Separately, a former Snowflake sales leader took a CRO role at AtScale, highlighting competitor hiring of Snowflake talent — a modest signal of industry churn around go-to-market expertise. Article Title

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at $10,406,527.33. This represents a 79.89% 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, EVP Christian Kleinerman sold 10,000 shares of the firm’s 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 directly owned 471,351 shares in the company, valued at approximately $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 600,437 shares of company stock valued at $114,140,083. 6.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. KeyCorp reduced their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Monness Crespi & Hardt raised their price objective on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, February 26th. The Goldman Sachs Group cut their price objective on Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Canaccord Genuity Group decreased their target price on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Evercore lifted their price target on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.