Nepsis Inc. Reduces Stake in Snowflake Inc. $SNOW

Nepsis Inc. lowered its stake in Snowflake Inc. (NYSE:SNOW) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,951 shares of the company’s stock after selling 11,143 shares during the quarter. Snowflake makes up 3.7% of Nepsis Inc.’s investment portfolio, making the stock its 14th largest position. Nepsis Inc.’s holdings in Snowflake were worth $12,054,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Snowflake by 3.1% during 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 during the period. Jennison Associates LLC boosted its position 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 period. State Street Corp grew its stake in Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after acquiring an additional 94,293 shares in the last quarter. Norges Bank purchased a new position in Snowflake during the second quarter valued at approximately $944,895,000. Finally, AQR Capital Management LLC increased its holdings in Snowflake by 13.0% during the 2nd quarter. AQR Capital Management LLC now owns 3,584,128 shares of the company’s stock worth $802,020,000 after acquiring an additional 412,493 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $152.98 on Friday. The stock’s 50-day moving average is $179.42 and its 200 day moving average is $217.21. The stock has a market cap of $52.35 billion, a price-to-earnings ratio of -38.73 and a beta of 1.16. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a current ratio of 1.30, a quick ratio of 1.37 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last posted 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. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred 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 directly owned 471,351 shares of the company’s stock, valued at $103,650,084.90. The trade was a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 612,238 shares of company stock valued at $116,741,495 over the last three months. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on SNOW shares. Citigroup lowered their target price on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. JPMorgan Chase & Co. decreased their price target on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Needham & Company LLC dropped their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, The Goldman Sachs Group reduced their target price on Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Company AI/product momentum: sell‑side and industry pieces highlight Snowflake’s new agentic AI initiatives (Project SnowWork / Cortex) as drivers of longer‑term revenue and product adoption, and at least one broker reiterated bullish views after meetings with management. Snowflake’s AI Bet Stifel/Benzinga Cortex Coverage
• Positive Sentiment: Partnerships and ecosystem updates extend product reach (examples include NINJIO and Denodo collaborations), supporting adoption that can underpin revenue growth over time. NINJIO Partnership Denodo Joins Snowflake
• Neutral Sentiment: Analyst and sector writeups balance Snowflake’s strong revenue/AI tailwinds with intensifying cloud competition and valuation questions — useful context but not an immediate catalyst. Zacks: Cloud Analytics
• Negative Sentiment: Insider selling has triggered headline risk: recent SEC filings and reports show executive sales (including CAO Emily Ho and other insiders), and a summary report put total recent insider sales near ~$11M — investors often view clustered insider selling as a near‑term negative. Yahoo: Insiders Sold $11M InsiderTrades Form 4
• Negative Sentiment: Legal headlines: multiple law firms have filed or solicited plaintiffs in securities class actions and are pushing an April 27, 2026 lead‑plaintiff deadline — ongoing litigation risk can keep shares under pressure. Rosen Law Firm Notice
• Negative Sentiment: Short‑term sector and post‑earnings pressure: coverage noting Snowflake is down since its last report and broader SaaS/AI volatility has exacerbated outflows from high‑multiple cloud names. Yahoo: Why Is SNOW Down Zacks: Down Since Earnings

About Snowflake

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.