Prime Capital Investment Advisors LLC Purchases 4,016 Shares of Snowflake Inc. $SNOW

Prime Capital Investment Advisors LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 233.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 5,739 shares of the company’s stock after acquiring an additional 4,016 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Snowflake were worth $1,949,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SNOW. Janus Henderson Group PLC increased its holdings in shares of Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after acquiring an additional 544,960 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Snowflake by 44.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock worth $392,259,000 after purchasing an additional 803,110 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Snowflake by 134.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after purchasing an additional 453,342 shares in the last quarter. Swedbank AB lifted its holdings in shares of Snowflake by 24.0% in the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after purchasing an additional 319,356 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Snowflake by 76.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock valued at $176,736,000 after purchasing an additional 509,230 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake was highlighted as the stronger enterprise AI investment compared with Broadcom, with coverage citing accelerating product revenue, robust AI adoption and a history of earnings surprises. Snowflake vs. Broadcom article
• Positive Sentiment: Brown Advisory’s Q3 2026 investor commentary pointed to momentum in Snowflake’s AI opportunity, reinforcing the view that the company could benefit from continued enterprise spending on AI infrastructure and data platforms. Brown Advisory AI momentum article
• Positive Sentiment: Analysts continue to view the broader AI spending cycle as being in its early stages, potentially supporting a multiyear growth opportunity for Snowflake’s cloud data and AI products. AI buildout article
• Neutral Sentiment: Snowflake’s “Global Startup Challenge 2026” is intended to expand its developer and startup ecosystem, but the initiative is not expected to have an immediate effect on financial results. Global Startup Challenge article
• Negative Sentiment: Director Frank Slootman sold 300,000 shares for approximately $94.9 million, reducing his position by about 94%. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which limits its signaling value, but its size can still weigh on investor sentiment. Slootman insider sale article
• Negative Sentiment: Investors remain sensitive to Snowflake’s high valuation and lack of consistent profitability. The company’s rapid revenue growth and AI potential are supportive, but losses and the timing of AI monetization remain key risks. Snowflake AI monetization article

Snowflake Stock Down 2.9%

Shares of NYSE:SNOW opened at $313.33 on Friday. The company has a market capitalization of $110.54 billion, a PE ratio of -98.53 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $331.82 and a two-hundred day moving average price of $260.29. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. Analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current year.

Insider Activity at Snowflake

In related news, Director Mark Garrett sold 50,000 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the transaction, the director owned 10,074 shares in the company, valued at approximately $3,525,900. This represents a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. 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. Insiders have sold a total of 1,246,429 shares of company stock worth $408,832,628 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SNOW. Citizens Jmp boosted their price target on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research note on Thursday, September 3rd. Wells Fargo & Company upped their target price on shares of Snowflake from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Stifel Nicolaus raised their price objective on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Scotiabank reaffirmed a “sector outperform” rating and issued a $440.00 price objective (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Thirty-six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $413.87.

Snowflake Company Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.