Snowflake Inc. $SNOW Shares Purchased by Melqart Asset Management UK Ltd

Melqart Asset Management UK Ltd grew its position in shares of Snowflake Inc. (NYSE:SNOW) by 160.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 52,332 shares of the company’s stock after buying an additional 32,219 shares during the quarter. Snowflake accounts for 1.6% of Melqart Asset Management UK Ltd’s investment portfolio, making the stock its 24th largest holding. Melqart Asset Management UK Ltd’s holdings in Snowflake were worth $11,803,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Snowflake in the second quarter valued at about $944,895,000. Winslow Capital Management LLC acquired a new position in Snowflake during the 2nd quarter worth approximately $725,667,000. American Century Companies Inc. raised its stake in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares in the last quarter. Sei Investments Co. raised its stake in shares of Snowflake by 272.4% during the 2nd quarter. Sei Investments Co. now owns 1,593,329 shares of the company’s stock worth $356,543,000 after buying an additional 1,165,515 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after buying an additional 1,083,222 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SNOW shares. Citigroup dropped their price objective on Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. TD Cowen decreased their target price on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Needham & Company LLC cut their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Stifel Nicolaus set a $205.00 price objective on shares of Snowflake in a report on Thursday, February 26th. Finally, Scotiabank lowered their target price on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock 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 $178.60 on Friday. 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 company’s 50-day moving average price is $189.67 and its 200 day moving average price is $221.18. Snowflake Inc. has a 52 week low of $120.10 and a 52 week high of $280.67. The stock has a market cap of $61.12 billion, a price-to-earnings ratio of -45.22 and a beta of 1.16.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The company 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 48.50%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share. As a group, research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 550 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $100,342.00. Following the completion of the transaction, the executive vice president directly owned 501,835 shares of the company’s stock, valued at $91,554,777.40. The trade was a 0.11% 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, Director Frank Slootman sold 2,042 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total value of $372,542.48. Following the sale, the director directly owned 47,558 shares in the company, valued at approximately $8,676,481.52. The trade was a 4.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 713,732 shares of company stock valued at $144,510,676. 6.80% of the stock is owned by corporate insiders.

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.