Artisan Partners Limited Partnership Sells 1,103,662 Shares of Snowflake Inc. $SNOW

Artisan Partners Limited Partnership lowered its position in shares of Snowflake Inc. (NYSE:SNOW) by 22.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,848,053 shares of the company’s stock after selling 1,103,662 shares during the quarter. Snowflake comprises 1.2% of Artisan Partners Limited Partnership’s holdings, making the stock its 21st biggest position. Artisan Partners Limited Partnership owned 1.14% of Snowflake worth $867,928,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SNOW. Brighton Jones LLC increased its position in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC lifted its stake in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after buying an additional 73 shares during the period. Wealthfront Advisers LLC raised its stake in shares of Snowflake by 24.8% during the second quarter. Wealthfront Advisers LLC now owns 12,467 shares of the company’s stock valued at $2,790,000 after acquiring an additional 2,474 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Snowflake by 15.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 341,325 shares of the company’s stock worth $76,378,000 after buying an additional 46,344 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and strong momentum — Snowflake reported fiscal Q4 revenue up ~30% and adjusted EPS above estimates; management highlighted robust product demand, cash‑flow gains and a large remaining performance obligation (RPO) backlog that supports growth. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: FY27 product revenue guide viewed as supportive — management outlined ~27% product revenue growth for fiscal 2027 and flagged AI workloads as a material demand driver, which analysts and investors see as confirmation of the company’s positioning in the enterprise AI transition. Snowflake outlines 27% product revenue growth outlook for FY ’27 while expanding AI
• Positive Sentiment: Analyst commentary and AI thesis — several firms (RBC, Wedbush, Morgan Stanley coverage noted in media) framed Snowflake as well‑positioned for enterprise AI, which provided a demand narrative supporting the rally. Snowflake Seen as ‘AI Winner’ as Companies Move More Data to AI Workflows, Wedbush Says
• Neutral Sentiment: Mixed market reaction — despite the beat, some investors focused on the guidance cadence and margin dynamics, producing mixed intraday responses in different outlets; watch execution versus the RPO-to-revenue ramp. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Multiple class‑action notices and lawsuits — several law firms (Rosen, Portnoy, Faruqi & Faruqi, Bernstein Liebhard, etc.) have publicized class actions tied to prior disclosures; legal overhang and potential litigation costs increase investor risk and can pressure sentiment. ROSEN, A LONGSTANDING LAW FIRM, Encourages Snowflake Inc Investors to Secure Counsel
• Negative Sentiment: Widespread price‑target cuts — many brokerages trimmed SNOW price targets after the print (while often keeping buy/overweight ratings), which can cap near‑term upside and contribute to volatility as analysts reset models. These Analysts Slash Their Forecasts On Snowflake After Q4 Results

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares of the company’s stock, valued at $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 713,681 shares of company stock worth $148,264,518. 6.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SNOW has been the subject of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 target price on shares of Snowflake in a research note on Monday. Macquarie Infrastructure raised their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Robert W. Baird upped their price objective on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Wells Fargo & Company dropped their price objective on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Scotiabank cut their price target on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Stock Up 2.3%

Shares of NYSE:SNOW opened at $173.03 on Friday. The firm has a fifty day moving average price of $200.03 and a two-hundred day moving average price of $222.74. Snowflake Inc. has a one year low of $120.10 and a one year high of $280.67. The company has a market cap of $59.21 billion, a price-to-earnings ratio of -43.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data 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 return on equity of 48.50% and a negative net margin of 28.43%.The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Snowflake’s revenue was up 30.1% on a year-over-year basis. Analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

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.