Neuberger Berman Group LLC Buys 8,732 Shares of Snowflake Inc. $SNOW

Neuberger Berman Group LLC raised its stake in Snowflake Inc. (NYSE:SNOW) by 8.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 107,563 shares of the company’s stock after acquiring an additional 8,732 shares during the quarter. Neuberger Berman Group LLC’s holdings in Snowflake were worth $24,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake in the 3rd quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new position in Snowflake during the 3rd quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in Snowflake by 4,333.3% in the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after acquiring an additional 130 shares in the last quarter. Golden State Wealth Management LLC grew its stake in Snowflake by 417.2% in the second quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock valued at $34,000 after acquiring an additional 121 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Snowflake in the third quarter valued at approximately $34,000. Institutional investors own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the topic of a number of research reports. BTIG Research lowered their target price on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Macquarie Infrastructure raised their price objective on shares of Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Finally, Stifel Nicolaus set a $205.00 price objective on shares of Snowflake in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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

Snowflake Price Performance

SNOW opened at $180.33 on Friday. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The company has a market capitalization of $61.71 billion, a price-to-earnings ratio of -45.65 and a beta of 1.16. The firm’s fifty day moving average price is $193.81 and its two-hundred day moving average price is $221.95.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm earned $0.30 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. As a group, analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total transaction of $11,132,752.08. Following the completion of the sale, the director directly owned 31,916 shares of the company’s stock, valued at approximately $7,058,542.56. This trade represents a 61.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction 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 sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 662,940 shares of company stock valued at $135,715,906. Insiders own 6.80% of the company’s stock.

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.