Lyell Wealth Management LP Sells 1,752 Shares of Snowflake Inc. $SNOW

Lyell Wealth Management LP lowered its stake in Snowflake Inc. (NYSE:SNOW) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,023 shares of the company’s stock after selling 1,752 shares during the quarter. Snowflake makes up 1.1% of Lyell Wealth Management LP’s investment portfolio, making the stock its 25th largest holding. Lyell Wealth Management LP’s holdings in Snowflake were worth $19,023,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SNOW. Janus Henderson Group PLC lifted its stake in Snowflake by 22.2% during the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after buying an additional 544,960 shares in the last quarter. Swedbank AB increased its position in shares of Snowflake by 24.0% in the first quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock worth $248,818,000 after acquiring an additional 319,356 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Snowflake by 76.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock worth $176,736,000 after acquiring an additional 509,230 shares in the last quarter. Swiss National Bank raised its holdings in shares of Snowflake by 7.1% during the first quarter. Swiss National Bank now owns 944,600 shares of the company’s stock valued at $142,465,000 after acquiring an additional 62,600 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock valued at $268,351,000 after acquiring an additional 453,342 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analysts Forecast Growth

SNOW has been the subject of several research analyst reports. DA Davidson upped their price target on shares of Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Canaccord Genuity Group lifted their price objective on shares of Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Bank of America boosted their target price on shares of Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Barclays boosted their target price on shares of Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Argus increased their target price on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a report on Friday, September 4th. Thirty-six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $413.87.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: At Snowflake Expedition 2026, the company introduced AI tools focused on trusted business context, governance and autonomous data engineering. Business Ontology and expanded CoCo and CoWork capabilities are designed to help AI agents act on enterprise data and automate recurring pipeline work—potentially strengthening Snowflake’s AI offering and customer appeal. Snowflake CoCo and CoWork announcement AI context and governance announcement
• Positive Sentiment: Snowflake also announced USA Cycling will use its platform to bring together training and race data ahead of the LA28 Games. The deal offers a customer-validation point, though its near-term financial contribution was not disclosed. USA Cycling partnership
• Neutral Sentiment: The company is scheduled to report fiscal third-quarter 2027 results after the market closes on December 2, which could provide a clearer read on demand and the commercial impact of its AI initiatives. Earnings date announcement
• Negative Sentiment: Recent trading has been pressured by weakness across software stocks, amid concerns about major technology companies’ AI spending and a ServiceNow miss. Snowflake was reported down sharply over the prior week, while a Seeking Alpha rating downgrade adds to skepticism about the payoff from its AI strategy. Recent software-sector pressure Analyst downgrade

Snowflake Price Performance

SNOW opened at $294.96 on Wednesday. The stock has a fifty day moving average price of $330.47 and a 200 day moving average price of $240.60. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake Inc. has a 1 year low of $118.30 and a 1 year high of $384.56. The stock has a market cap of $104.06 billion, a price-to-earnings ratio of -92.76 and a beta of 1.32.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue was up 35.1% compared to the same quarter last year. Analysts forecast that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, CAO Emily Ho sold 768 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total value of $255,690.24. Following the completion of the sale, the chief accounting officer owned 39,958 shares of the company’s stock, valued at approximately $13,303,216.94. The trade was a 1.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Michael Speiser sold 403 shares of the stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $344.00, for a total value of $138,632.00. Following the completion of the transaction, the director owned 21,767 shares in the company, valued at $7,487,848. This represents a 1.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,206,443 shares of company stock worth $396,866,828 over the last quarter. Insiders own 4.80% of the company’s stock.

Snowflake Company Profile

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.