Black Swift Group LLC Purchases 12,420 Shares of Snowflake Inc. $SNOW

Black Swift Group LLC raised its position in Snowflake Inc. (NYSE:SNOW) by 301.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,545 shares of the company’s stock after buying an additional 12,420 shares during the quarter. Black Swift Group LLC’s holdings in Snowflake were worth $3,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new stake in Snowflake in the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC purchased a new stake in Snowflake during the third quarter valued at about $28,000. SJS Investment Consulting Inc. lifted its holdings in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Golden State Wealth Management LLC boosted its position in Snowflake by 417.2% during the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after purchasing an additional 121 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Snowflake in the third quarter worth about $34,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Analysts Set New Price Targets

Several analysts have recently issued reports on SNOW shares. Mizuho lowered their price target on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Wells Fargo & Company cut their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective for the company in a research note on Thursday, January 8th. Stifel Nicolaus set a $205.00 target price on Snowflake in a research report on Thursday, February 26th. Finally, JPMorgan Chase & Co. cut their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $248.58.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $180.33 on Friday. The company has a 50 day moving average of $193.81 and a 200 day moving average of $221.95. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $61.71 billion, a P/E ratio of -45.65 and a beta of 1.16. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (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 48.50%. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares in the company, valued at $48,060,328.80. This represents a 5.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director directly owned 50,329 shares in the company, valued at approximately $11,164,482.07. The trade was a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 662,940 shares of company stock worth $135,715,906. Company insiders own 6.80% of the company’s stock.

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.