Zevenbergen Capital Investments LLC Has $83.05 Million Stake in Snowflake Inc. $SNOW

Zevenbergen Capital Investments LLC boosted its holdings in shares of Snowflake Inc. (NYSE:SNOW) by 22.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 368,207 shares of the company’s stock after buying an additional 67,409 shares during the period. Snowflake makes up approximately 1.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 19th largest position. Zevenbergen Capital Investments LLC’s holdings in Snowflake were worth $83,049,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SNOW. Trust Co. of Toledo NA OH purchased a new stake in Snowflake in the 2nd quarter worth approximately $25,000. Avion Wealth boosted its position in Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after purchasing an additional 49 shares during the last quarter. Rossby Financial LCC grew its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares in the last quarter. Whittier Trust Co. increased its position in Snowflake by 149.1% in the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock worth $31,000 after purchasing an additional 82 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Snowflake by 417.2% during the 2nd quarter. Golden State Wealth Management LLC now owns 150 shares of the company’s stock worth $34,000 after purchasing an additional 121 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

NYSE:SNOW opened at $222.63 on Friday. The firm has a market capitalization of $76.18 billion, a PE ratio of -55.11 and a beta of 1.09. Snowflake Inc. has a 1 year low of $120.10 and a 1 year high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm’s fifty day simple moving average is $247.74 and its 200 day simple moving average is $227.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business’s revenue was up 28.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. On average, sell-side analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 7,728 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $212.45, for a total transaction of $1,641,813.60. Following the completion of the transaction, the director directly owned 140,945 shares in the company, valued at $29,943,765.25. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $92,951.95. Following the completion of the sale, the director directly owned 24,524 shares of the company’s stock, valued at $5,656,460.60. This represents a 1.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 221,537 shares of company stock worth $53,336,395 in the last 90 days. 6.80% of the stock is owned by company insiders.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures led a strategic equity financing in AtScale, signaling continued investment in the partner/ecosystem layer (semantics/agentic AI) that could expand integration and future revenue channels. Read More. Read More.
• Neutral Sentiment: Snowflake released its Q3 2026 financial results; investors should review the quarter’s revenue, retention/cohort metrics and guidance for signals about durable growth. Read More.
• Neutral Sentiment: Increased retail/institutional attention: Zacks notes heavy investor searches for SNOW, which can drive short-term volatility and volume without changing fundamentals. Read More.
• Negative Sentiment: A Snowflake software update triggered a widespread outage lasting roughly 13 hours across ~10 regions, affecting many customers and raising questions about operational risk, SLAs and resilience — a near-term reputational and revenue-risk event. Read More. Read More.
• Negative Sentiment: Prominent TV commentator Jim Cramer warned Snowflake’s recent decline looks like a “cohort” problem — an explicit call to watch customer retention and cohort economics, which would be a meaningful profit-growth risk if true. Read More.
• Negative Sentiment: Insider selling: a Snowflake director sold about $1.64M of stock; media noted the share drop that followed. Insider sales aren’t definitive but can pressure sentiment and short-term price action. Read More. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SNOW shares. Monness Crespi & Hardt boosted their price target on Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Cowen reissued a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. JPMorgan Chase & Co. increased their price target on shares of Snowflake from $225.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. UBS Group reaffirmed a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Finally, Robert W. Baird upped their price objective on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $275.32.

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.