Tritonpoint Wealth LLC Grows Stock Holdings in Snowflake Inc. $SNOW

04 Apr 2026, 08:04 by Scott Moore · The Cerbat Gem

Tritonpoint Wealth LLC raised its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 38.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,557 shares of the company’s stock after purchasing an additional 4,048 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Snowflake were worth $3,193,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. raised its stake in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after purchasing an additional 48,411 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in Snowflake during the 3rd quarter valued at $116,882,000. Penserra Capital Management LLC raised its holdings in shares of Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after buying an additional 37,911 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Snowflake by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after buying an additional 857,832 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

More Snowflake News

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.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Mizuho reduced their price objective on Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a research note on Tuesday, February 17th. TD Cowen lowered their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. UBS Group lowered their price objective on Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.62.

View Our Latest Analysis on Snowflake

Insider Buying and Selling at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the sale, the director directly owned 30,236 shares in the company, valued at $5,297,044.84. This represents a 62.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the completion of the sale, the senior vice president directly owned 273,323 shares in the company, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 543,572 shares of company stock worth $101,311,456. 6.80% of the stock is currently owned by insiders.

Snowflake Price Performance

Shares of SNOW opened at $151.89 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a market cap of $52.51 billion, a P/E ratio of -38.45 and a beta of 1.23. The firm’s 50 day moving average price is $173.75 and its 200 day moving average price is $214.69.

Snowflake (NYSE:SNOW – Get Free Report) last announced 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 50.61%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period in the previous year, the company earned $0.30 earnings per share. Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, research analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

About Snowflake

(Free Report)

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.

Five stocks we like better than Snowflake