Diversify Advisory Services LLC Cuts Holdings in Snowflake Inc. $SNOW

Diversify Advisory Services LLC reduced its holdings in Snowflake Inc. (NYSE:SNOW) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,706 shares of the company’s stock after selling 6,837 shares during the quarter. Snowflake comprises 0.7% of Diversify Advisory Services LLC’s investment portfolio, making the stock its 28th biggest holding. Diversify Advisory Services LLC’s holdings in Snowflake were worth $20,008,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its position in 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 acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of 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. boosted its position in shares of 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. Golden State Wealth Management LLC grew its stake in shares of Snowflake by 417.2% during the 2nd 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, Modera Wealth Management LLC grew its stake in shares of Snowflake by 6.2% during the 2nd quarter. Modera Wealth Management LLC now owns 2,534 shares of the company’s stock worth $567,000 after purchasing an additional 149 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Stifel Nicolaus set a $205.00 price objective on shares of Snowflake in a research note on Thursday, February 26th. Bank of America upped their target price on shares of Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. UBS Group dropped their target price on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Barclays reduced their price target on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Finally, Piper Sandler lowered their price target on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $248.58.

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

Insider Buying and Selling

In other news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the completion of the transaction, the executive vice president directly owned 510,477 shares of the company’s stock, valued at approximately $84,233,809.77. This trade represents a 1.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 662,940 shares of company stock worth $135,715,906 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW opened at $180.33 on Monday. 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. The company has a 50-day moving average of $193.81 and a two-hundred day moving average of $222.14. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating 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 analyst estimates of $1.25 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, research analysts predict 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.