Quantbot Technologies LP Sells 28,977 Shares of Snowflake Inc. $SNOW

05 Mar 2026, 05:48 by Amy Steele · The Cerbat Gem

Quantbot Technologies LP lessened its holdings in Snowflake Inc. (NYSE:SNOW – Free Report) by 80.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,258 shares of the company’s stock after selling 28,977 shares during the period. Quantbot Technologies LP’s holdings in Snowflake were worth $1,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SNOW. Vanguard Group Inc. lifted its stake in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Snowflake by 13.5% during the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock valued at $2,048,871,000 after acquiring an additional 1,083,222 shares in the last quarter. State Street Corp grew its position in Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after acquiring an additional 94,293 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after purchasing an additional 652,485 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Snowflake by 3.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,424,120 shares of the company’s stock worth $986,057,000 after purchasing an additional 133,059 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insiders Place Their Bets

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $8,316,844.36. Following the transaction, the director directly owned 31,076 shares in the company, valued at approximately $5,134,376.72. This represents a 61.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 713,681 shares of company stock valued at $147,419,318. Company insiders own 6.80% of the company’s stock.

Snowflake Price Performance

SNOW stock opened at $168.30 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $57.59 billion, a price-to-earnings ratio of -42.61 and a beta of 1.16. The company’s fifty day simple moving average is $195.57 and its 200 day simple moving average is $222.18. Snowflake Inc. has a 12-month low of $120.10 and a 12-month high of $280.67.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS. On average, analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Evercore and other Wall Street bulls see deep upside for SNOW (Evercore named it a top pick and analysts argue AI traction could recover recent losses). Wall Street Thinks Hard-Hit SNOW Stock Can Gain 40% in 2026
Positive Sentiment: Channel and AI commentary (CRN, The Motley Fool) highlight Snowflake’s FY27 partner strategy and growing position as an AI platform, which supports revenue/consumption upside if adoption continues. Snowflake Enters Fiscal Year 2027: 5 Key Channel Takeaways
Neutral Sentiment: Senior EVP Christian Kleinerman sold 10,000 shares (Form 4 filed). The sale is disclosed and modest relative to his remaining stake, but some investors interpret insider sales as a caution sign. Insider sale filing
Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — useful for detail on strategy and execution but not an immediate catalyst by itself. Presentation transcript
Negative Sentiment: Multiple law firms have filed or announced securities class actions and investor alerts alleging misleading disclosures tied to Snowflake’s standalone AI subscription product; the filings increase headline risk and could lead to legal costs or management distraction. PR Newswire class action notice
Negative Sentiment: Several firms (Pomerantz, Rosen, Bronstein, Bernstein Liebhard, others) are actively soliciting lead plaintiffs and reminders of claim deadlines — the quantity of filings amplifies short‑term selling pressure and sentiment risk. GlobeNewswire investor alert

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Sanford C. Bernstein reduced their price target on Snowflake from $237.00 to $195.00 and set a “market perform” rating on the stock in a report on Thursday, February 26th. Truist Financial reduced their target price on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Barclays decreased their price target on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating for the company 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 on the stock in a report on Thursday, February 26th. Finally, Evercore increased their price objective on Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Check Out Our Latest Research Report on Snowflake

Snowflake Profile

(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.