Perpetual Ltd Sells 6,397 Shares of Snowflake Inc. $SNOW

Perpetual Ltd decreased its position in Snowflake Inc. (NYSE:SNOW) by 47.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,948 shares of the company’s stock after selling 6,397 shares during the quarter. Perpetual Ltd’s holdings in Snowflake were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new position in Snowflake during the third quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new stake in shares of Snowflake in the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. lifted its holdings in shares of Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Snowflake in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Stock Up 0.0%

Shares of Snowflake stock opened at $151.89 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. The company’s fifty day simple moving average is $173.75 and its two-hundred day simple moving average is $214.68. The company has a market cap of $52.51 billion, a P/E ratio of -38.45 and a beta of 1.23. 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 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. Research analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Activity at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares in the company, valued at approximately $41,763,754.40. This represents a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 200,000 shares of the 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 completion of the transaction, the director directly owned 50,329 shares of the company’s stock, valued at $10,406,527.33. This represents a 79.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 543,572 shares of company stock valued at $101,311,456 in the last three months. Corporate insiders own 6.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Mizuho decreased their target price 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. Stifel Nicolaus set a $205.00 price target on shares of Snowflake in a research report on Thursday, February 26th. Truist Financial cut their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Monness Crespi & Hardt lifted their price objective on Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Citigroup lowered their target price on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.62.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Benchmark initiated coverage with a Buy and highlighted Snowflake as a top AI‑infrastructure pick, reinforcing the TAM and long‑term AI monetization narrative. Read More.
• Positive Sentiment: Seeking Alpha upgraded Snowflake to a “Speculative Buy,” citing strong agentic AI monetization (125% NRR) and expanding multi‑year RPOs ($9.77B), which supports premium valuation expectations if execution continues. Read More.
• Positive Sentiment: Coverage and research pieces note AI workload expansion and Snowflake’s AI tooling are driving platform usage — a potential revenue accelerator if the company scales deployments and converts larger deals. Read More.
• Positive Sentiment: Management move: Snowflake promoted long‑time sales leader Jonathan Beaulier to Chief Revenue Officer, a signal that the company is prioritizing sales execution and go‑to‑market monetization. Read More.
• Neutral Sentiment: Some broker/press commentary (e.g., Mizuho, other analysts) says the CRO change and pullback make Snowflake more interesting but flags execution risk — mixed near‑term conviction despite positive catalysts. Read More.
• Neutral Sentiment: Analyst takes vary: several notes recommend watching the pullback but stop short of a clear buy for all investors, leaving market reaction dependent on upcoming execution signals. Read More.
• Negative Sentiment: Legal overhang: multiple law firms have issued investor alerts and class‑action notices related to alleged securities violations with an April 27, 2026 lead‑plaintiff deadline — this increases short‑term uncertainty and can pressure the stock while litigation unfolds. Read More.
• Negative Sentiment: Insider activity: SVP Vivek Raghunathan sold ~3,876 shares under a pre‑arranged Rule 10b5‑1 plan (small reduction). Routine but sometimes interpreted negatively by short‑term traders. Read More.
• Negative Sentiment: Short‑term trader tools: some options‑strategy commentary is positioning SNOW for bearish plays, reflecting trader skepticism amid recent volatility. Read More.

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.