QRG Capital Management Inc. Purchases 22,241 Shares of Snowflake Inc. $SNOW

QRG Capital Management Inc. boosted its position in Snowflake Inc. (NYSE:SNOW) by 106.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,042 shares of the company’s stock after purchasing an additional 22,241 shares during the period. QRG Capital Management Inc.’s holdings in Snowflake were worth $9,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $25,000. GoalVest Advisory LLC raised its stake in shares of Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in shares of Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Root Financial Partners LLC bought a new stake in shares of Snowflake during the third quarter valued at approximately $34,000. Institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street analysts’ consensus price targets imply large upside versus the current share price, suggesting buy-side conviction and potential price support if analyst optimism persists. Wall Street Sees 66% Upside for Snowflake Despite AI Data Cloud Selloff
• Positive Sentiment: o9 Solutions announced an integration using Snowflake’s Connected Application framework to link the o9 Digital Brain to Snowflake’s AI Data Cloud — a partnership that can drive additional enterprise adoption and usage-based revenue over time. o9 Solutions Announces Connected Application on Snowflake to Advance Enterprise Planning on a Unified Data Foundation
• Neutral Sentiment: Bank of America reiterated a Buy rating but trimmed its price target (from $275 to $195), which signals continued bullish conviction but reduces near-term upside expectations and may cap momentum. BofA Maintains Buy Rating on Snowflake (SNOW)
• Neutral Sentiment: Media pieces highlighting broad broker/analyst buy consensus reinforce positive narrative but note the usual caveats about analyst optimism; such coverage can support interest but is not a catalyst on its own. Brokers Suggest Investing in Snowflake (SNOW): Read This Before Placing a Bet
• Neutral Sentiment: Snowflake set its Q1 FY2027 earnings release for May 27, which creates an upcoming catalyst for volatility — investors should expect guidance and usage metrics that could swing the stock. Snowflake to Announce Financial Results for the First Quarter of Fiscal 2027 on May 27, 2026
• Negative Sentiment: Large director share sales (executed under a pre-arranged Rule 10b5-1 plan) were disclosed — while pre-arranged plans reduce informational concern, the magnitude of the sales can weigh on sentiment if investors view insider selling as a negative signal. SEC Filing: Insider Form 4 — Michael L. Speiser

Snowflake Stock Performance

Shares of SNOW stock opened at $141.75 on Wednesday. The firm has a market cap of $49.00 billion, a price-to-earnings ratio of -35.89 and a beta of 1.08. The company’s 50 day moving average is $157.50 and its 200 day moving average is $201.76. 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 52-week low of $118.30 and a 52-week high of $280.67.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 earnings per share. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.16 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president directly owned 273,323 shares of the company’s stock, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $165.01, for a total transaction of $1,650,100.00. Following the transaction, the executive vice president directly owned 510,477 shares in the company, valued at approximately $84,233,809.77. The trade was a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 435,054 shares of company stock valued at $72,691,801. 6.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Stifel Nicolaus set a $205.00 price target on shares of Snowflake in a research note on Thursday, February 26th. Evercore set a $200.00 price target on shares of Snowflake in a research note on Tuesday, April 14th. The Goldman Sachs Group decreased their price target on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Monness Crespi & Hardt lifted their price target on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Mizuho decreased their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $242.19.

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.