NZS Capital LLC Has $55.72 Million Position in Snowflake Inc. $SNOW

NZS Capital LLC grew its position in Snowflake Inc. (NYSE:SNOW) by 5.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 247,057 shares of the company’s stock after purchasing an additional 13,604 shares during the period. Snowflake comprises approximately 1.7% of NZS Capital LLC’s holdings, making the stock its 20th biggest holding. NZS Capital LLC owned about 0.07% of Snowflake worth $55,724,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares during the last quarter. State Street Corp boosted its holdings in shares of Snowflake by 1.4% in the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after acquiring an additional 94,293 shares in the last quarter. Artisan Partners Limited Partnership boosted its holdings in shares of Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Snowflake by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock worth $986,057,000 after acquiring an additional 133,059 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total value of $2,199,000.00. Following the transaction, the executive vice president owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. This represents a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 713,681 shares of company stock valued at $147,419,318 in the last three months. Insiders own 6.80% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Citi raised its model and price target following strong AI performance, keeping a Buy rating — this supports upside expectations from Snowflake’s AI traction. Citi updates model
• Positive Sentiment: New commercial partnerships and integrations (Capita and Rockfish Data) expand go-to-market and vertical reach for Snowflake’s AI Data Cloud, which can help drive consumption growth. Capita collaboration Rockfish integration
• Positive Sentiment: Channel coverage highlights Snowflake’s FY27 strategy and partner opportunities — useful for revenue/consumption visibility through indirect channels. CRN channel takeaways
• Neutral Sentiment: Senior EVP Christian Kleinerman sold 10,000 shares (disclosed Form 4); the sale is relatively small versus his remaining holdings but can be interpreted negatively by some investors. Insider sale filing
• Neutral Sentiment: Local real estate note: Snowflake signed an 83k sq ft Midtown office lease — operational detail with limited market impact but signals ongoing footprint needs. Office lease
• Negative Sentiment: Multiple law firms have filed securities class actions alleging misleading disclosures about product efficiency, pricing and revenue implications after Snowflake launched a standalone subscription for an AI development tool — this is pressuring sentiment and could lead to legal costs or management distraction. Class action coverage
• Negative Sentiment: Several firms (Pomerantz, Bronstein, Robbins, Rosen, Bernstein Liebhard, DJS, Schall et al.) issued investor alerts and complaints seeking lead plaintiffs — the volume of filings amplifies headline risk and short-term selling pressure. Pomerantz investor alert

Snowflake Stock Performance

Snowflake stock opened at $165.42 on Wednesday. The company has a market cap of $56.61 billion, a PE ratio of -41.88 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company’s 50-day moving average is $196.63 and its two-hundred day moving average is $222.56.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. Snowflake’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 EPS. Equities analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SNOW. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Jefferies Financial Group set a $300.00 target price on Snowflake in a research note on Monday, November 24th. Monness Crespi & Hardt upped their price target on shares of Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Mizuho decreased their price objective on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a report on Tuesday, February 17th. Finally, Needham & Company LLC lowered their price objective on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

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.