Snowflake Inc. $SNOW Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its stake in Snowflake Inc. (NYSE:SNOW) by 39.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,835 shares of the company’s stock after selling 8,903 shares during the period. Sterling Capital Management LLC’s holdings in Snowflake were worth $2,087,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Snowflake during the fourth quarter valued at about $974,091,000. Jennison Associates LLC boosted its position in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $441,277,000. Jericho Capital Asset Management L.P. acquired a new stake in Snowflake in the 4th quarter valued at approximately $345,619,000. Finally, Vanguard Group Inc. raised its position in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $224.27, for a total value of $44,854,000.00. Following the completion of the transaction, the director owned 28,535 shares in the company, valued at approximately $6,399,544.45. This trade represents a 87.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Mead Beaulier sold 9,367 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $231.98, for a total value of $2,172,956.66. Following the transaction, the executive directly owned 234,791 shares of the company’s stock, valued at approximately $54,466,816.18. This represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,702,704 shares of company stock worth $390,771,264 over the last quarter. 4.80% of the stock is currently owned by insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts remain constructive on Snowflake, with several firms reiterating Buy/Overweight ratings and raising price targets, reinforcing confidence in its growth outlook and AI-related demand.
• Positive Sentiment: Investor interest is rising around Snowflake’s long-term AI opportunity and its scale in cloud data management, with recent coverage citing strong free cash flow and broad enterprise relevance. GitLab vs. Snowflake: Which Technology Stock Is a Better Buy in 2026?
• Positive Sentiment: Snowflake is attracting more attention from traders and retail investors, which can support momentum when combined with strong fundamentals.
• Neutral Sentiment: Recent articles questioning whether SNOW can rebound or reach higher levels are mostly sentiment-driven and do not indicate a new fundamental catalyst.
• Negative Sentiment: Multiple insider sales, including recent transactions by executives, may weigh on sentiment even though the trades were reportedly made under pre-arranged plans for tax withholding purposes.

Snowflake Stock Performance

NYSE:SNOW opened at $248.29 on Monday. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The company has a fifty day simple moving average of $191.99 and a two-hundred day simple moving average of $188.94. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The company has a market cap of $86.06 billion, a price-to-earnings ratio of -70.54 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. As a group, equities analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on SNOW shares. HSBC set a $289.00 price target on Snowflake and gave the stock a “buy” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 28th. TD Cowen reissued a “buy” rating and set a $300.00 target price on shares of Snowflake in a research note on Wednesday, June 3rd. Loop Capital raised their target price on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Rosenblatt Securities lifted their target price on Snowflake from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $293.53.

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.