Norden Group LLC Sells 7,843 Shares of Snowflake Inc. $SNOW

Norden Group LLC trimmed its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 84.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,438 shares of the company’s stock after selling 7,843 shares during the period. Norden Group LLC’s holdings in Snowflake were worth $315,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Sumitomo Mitsui Trust Group Inc. increased its holdings in Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after buying an additional 8,002 shares during the last quarter. Federated Hermes Inc. lifted its stake in Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after acquiring an additional 48,411 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Snowflake in the third quarter valued at $116,882,000. Penserra Capital Management LLC grew its position in shares of Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after acquiring an additional 37,911 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after acquiring an additional 857,832 shares during the period. Institutional investors own 65.10% of the company’s stock.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SNOW. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Piper Sandler reduced their price target on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price target on shares of Snowflake in a research report on Monday, February 23rd. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Finally, BTIG Research cut their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the transaction, the director owned 50,329 shares of the company’s stock, valued at approximately $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction that occurred on 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 owned 218,020 shares in the company, valued at approximately $48,060,328.80. This trade represents a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 612,238 shares of company stock worth $116,741,495 over the last three months. Company insiders own 6.80% of the company’s stock.

Snowflake Stock Performance

Shares of SNOW stock opened at $152.98 on Monday. The company has a market capitalization of $52.35 billion, a price-to-earnings ratio of -38.73 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50-day simple moving average of $179.42 and a 200 day simple moving average of $217.08. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 EPS. On average, sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Snowflake Company 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.