Delta Global Management LP Makes New $17.97 Million Investment in Snowflake Inc. $SNOW

Delta Global Management LP acquired a new position in Snowflake Inc. (NYSE:SNOW) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 79,676 shares of the company’s stock, valued at approximately $17,971,000. Snowflake makes up 1.3% of Delta Global Management LP’s investment portfolio, making the stock its 24th biggest position.

A number of other large investors have also recently made changes to their positions in SNOW. Total Clarity Wealth Management Inc. increased its holdings in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after acquiring an additional 40 shares in the last quarter. Diligent Investors LLC lifted its holdings in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after purchasing an additional 40 shares in the last quarter. Coastline Trust Co boosted its position in shares of Snowflake by 1.0% in the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after purchasing an additional 42 shares during the period. CX Institutional boosted its position in shares of Snowflake by 13.2% in the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after purchasing an additional 49 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after purchasing an additional 49 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Snowflake News

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 Transactions at Snowflake

In related news, Director Frank Slootman sold 2,042 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 550 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total value of $100,342.00. Following the transaction, the executive vice president directly owned 501,835 shares of the company’s stock, valued at approximately $91,554,777.40. The trade was a 0.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 713,732 shares of company stock valued at $144,510,676. 6.80% of the stock is currently owned by insiders.

Snowflake Stock Performance

SNOW opened at $178.60 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market capitalization of $61.12 billion, a price-to-earnings ratio of -45.22 and a beta of 1.17. The company has a fifty day moving average of $189.67 and a 200 day moving average of $221.52. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two 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, 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 quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue 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 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on SNOW. Monness Crespi & Hardt raised their price objective on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a research note on Wednesday, February 11th. Rosenblatt Securities reissued a “buy” rating and set a $275.00 price target on shares of Snowflake in a report on Thursday, February 26th. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Finally, UBS Group dropped their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. 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 company. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $248.58.

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.