Snowflake Inc. $SNOW Shares Acquired by Qsemble Capital Management LP

Qsemble Capital Management LP lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 320.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,348 shares of the company’s stock after acquiring an additional 10,937 shares during the quarter. Qsemble Capital Management LP’s holdings in Snowflake were worth $3,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. boosted its holdings in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after buying an additional 48,411 shares in the last quarter. Assetmark Inc. boosted its holdings in Snowflake by 99.1% during the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock worth $43,577,000 after buying an additional 98,870 shares in the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Snowflake during the third quarter worth $116,882,000. Finally, Penserra Capital Management LLC boosted its holdings in Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after buying an additional 37,911 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Dataiku launched Cobuild on Snowflake, a joint offering that turns natural-language prompts into governed AI agents and workflows inside Snowflake, highlighting growing enterprise adoption of Snowflake Cortex AI and its broader AI ecosystem. Article Title
• Positive Sentiment: Zeta Global joined Snowflake’s Open Semantic Interchange initiative, which aims to create a universal data standard for AI-powered marketing and could strengthen Snowflake’s role as an industry platform. Article Title
• Positive Sentiment: Bedrock Data expanded its free governance offering to Snowflake Cortex, adding agent discovery and data access mapping, which may improve compliance and make Snowflake more attractive to regulated customers. Article Title
• Positive Sentiment: Blend achieved Snowflake Elite Partner status and expanded integrations with Snowflake Intelligence and Cortex Code, signaling a healthier partner ecosystem around Snowflake’s AI products. Article Title
• Neutral Sentiment: Analyst commentary remains split: one recent note argued Snowflake’s risk/reward is improving thanks to AI-driven demand and beat-and-raise potential, while another said expenses still need to subside before margins meaningfully improve. Article Title
• Negative Sentiment: One report highlighted insider selling of about $11 million over the past year, which can raise investor concern about management’s confidence in the near-term stock outlook. Article Title

Snowflake Stock Performance

SNOW opened at $157.57 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. The company has a market cap of $54.47 billion, a price-to-earnings ratio of -39.89 and a beta of 1.08. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67. The firm’s fifty day simple moving average is $155.02 and its two-hundred day simple moving average is $196.74.

Snowflake (NYSE:SNOW) last posted 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.30 earnings per share. Equities analysts anticipate that Snowflake Inc. will post -2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Sanford C. Bernstein lowered their price target on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group lowered their price target on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Truist Financial set a $125.00 price target on shares of Snowflake in a report on Wednesday, April 15th. Needham & Company LLC lowered their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, TD Cowen lowered their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the transaction, the director directly owned 30,236 shares in the company, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 384,313 shares of company stock valued at $64,308,373. 6.80% of the stock is currently owned by company insiders.

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.