USS Investment Management Ltd Boosts Stock Position in Snowflake Inc. $SNOW

Posted by Scott Moore on Jul 2nd, 2026

USS Investment Management Ltd boosted its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 5.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,876 shares of the company’s stock after buying an additional 3,169 shares during the quarter. USS Investment Management Ltd’s holdings in Snowflake were worth $8,725,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SNOW. Brighton Jones LLC lifted its holdings in Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Snowflake in the 2nd quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Snowflake by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after purchasing an additional 1,521 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $260.73 on Thursday. The stock has a market cap of $90.37 billion, a PE ratio of -74.07 and a beta of 1.35. The company’s fifty day moving average is $198.52 and its 200 day moving average is $189.68. Snowflake Inc. has a 52 week low of $118.30 and a 52 week high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. Research analysts anticipate that Snowflake Inc. will post -1.87 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Frank Slootman sold 99,900 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $251.73, for a total value of $25,147,827.00. Following the completion of the sale, the director owned 28,535 shares of the company’s stock, valued at approximately $7,183,115.55. The trade was a 77.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 1,860 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $232.25, for a total value of $431,985.00. Following the sale, the chief accounting officer owned 41,283 shares of the company’s stock, valued at $9,587,976.75. This represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,798,828 shares of company stock worth $415,351,838 in the last 90 days. 4.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald upped their price target on Snowflake from $225.00 to $282.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Snowflake in a research note on Thursday, May 28th. TD Cowen restated a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research report on Wednesday, June 3rd. Mizuho lifted their price objective on shares of Snowflake from $220.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. Finally, Benchmark upped their target price on shares of Snowflake from $200.00 to $270.00 and gave the stock 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.53.

Check Out Our Latest Analysis on Snowflake

More Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake was featured in bullish “buy the pullback” commentary, with analysts pointing to large implied upside across select tech names including SNOW. 5 Tech Stocks to Buy on the July Pullback (SNOW)
Positive Sentiment: Wells Fargo reportedly lifted its price target on Snowflake to $320 and reiterated a Buy rating, reinforcing optimism around the company’s AI growth story. Snowflake’s (SNOW) AI Business Is Growing Faster Than Many Expected As Analysts Revise Target Price Upward
Positive Sentiment: Coverage also pointed to Snowflake’s expanding AI monetization and recent business momentum as reasons some investors remain constructive on the stock. MongoDB Vs. Snowflake: Why One Is The Better Stock To Buy In 2026
Neutral Sentiment: Director Frank Slootman sold a small number of shares under a pre-arranged 10b5-1 plan; this is routine insider activity and does not necessarily signal a change in fundamentals. SEC Form 4 filing
Neutral Sentiment: Snowflake continues to draw attention from institutions and partner ecosystems, which supports the long-term story but is not a near-term catalyst by itself. ZoomInfo, Recognized as “One to Watch” in Snowflake’s Modern Marketing Data Stack Report
Negative Sentiment: Several Seeking Alpha pieces turned cautious, arguing Snowflake’s valuation is stretched and that upside may be limited even if AI growth remains solid. Snowflake: The Valuation Wipes Out Opportunity
Negative Sentiment: Another note downgraded Snowflake, warning that accelerating AI monetization may not be enough to offset premium valuation risk. Snowflake: Value Maxed Tokens Drive Accelerating AI Monetization – Valuation Risks Ahead (Rating Downgrade)

Snowflake Company Profile

(Free Report)

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.