Zurcher Kantonalbank Zurich Cantonalbank Has $32.12 Million Stock Position in Snowflake Inc. $SNOW

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Snowflake Inc. (NYSE:SNOW) by 73.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,439 shares of the company’s stock after selling 401,206 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Snowflake were worth $32,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Total Clarity Wealth Management Inc. lifted its stake in shares of Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after buying an additional 40 shares during the last quarter. Diligent Investors LLC increased its position in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after acquiring an additional 40 shares during the period. Coastline Trust Co increased its position in Snowflake by 1.0% during the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after acquiring an additional 42 shares during the period. CX Institutional increased its position in Snowflake by 13.2% during the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after acquiring an additional 49 shares during the period. Finally, Hazlett Burt & Watson Inc. increased its position in Snowflake by 44.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock worth $36,000 after acquiring an additional 49 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake rolled out significant updates to Snowflake Intelligence and Cortex Code to serve as a unified control plane for the “agentic enterprise,” making it easier to connect more data sources, enterprise systems and AI models — a direct revenue/usage lever as customers automate workflows and embed agentic AI into operations. Snowflake Expands Snowflake Intelligence and Cortex Code to Power the Control Plane for the Agentic Enterprise
• Positive Sentiment: Media coverage highlights Jim Cramer praising CEO Sridhar Ramaswamy (“he’s doing a remarkable job”) on Mad Money — a sentiment lift that can attract retail flows and improve short-term investor confidence. Jim Cramer on Snowflake: “Sridhar Ramaswamy, He’s Doing a Remarkable Job”
• Neutral Sentiment: Japan’s JPX Market Innovation & Research added a new TDnet service on Snowflake, signaling geographic/partner adoption but with limited immediate revenue implications. Addition of a New Service to the TDnet on Snowflake Lineup
• Negative Sentiment: A wave of securities‑class‑action filings and multiple law firms (Rosen, Pomerantz, Bronstein, Faruqi, Portnoy, etc.) are soliciting Snowflake investors and reminding them of an April 27, 2026 lead‑plaintiff deadline — increasing legal overhang and potential future litigation costs/distraction. INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Snowflake Inc. of Class Action Lawsuit and Upcoming Deadlines – SNOW
• Negative Sentiment: Levi & Korsinsky alleges Snowflake’s risk disclosures were “generic” and failed to disclose known headwinds during the class period — a more pointed claim that can amplify regulatory/legal scrutiny. SNOW’s Generic Risk Warnings Allegedly Failed to Disclose Known Headwinds — Levi & Korsinsky, LLP
• Negative Sentiment: Analysts are trimming fair‑value estimates (example: a cited cut from ~$283 to ~$236), reflecting more conservative expectations despite solid product execution and AI revenue growth; lower price targets can pressure sentiment and weigh on multiple‑month momentum. How The Investment Story For Snowflake (SNOW) Is Shifting With AI And Lower Price Targets

Snowflake Trading Up 0.4%

Shares of Snowflake stock opened at $151.02 on Wednesday. The firm has a market capitalization of $52.21 billion, a PE ratio of -38.23 and a beta of 1.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. The company’s fifty day moving average price is $162.97 and its two-hundred day moving average price is $207.42. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $280.67.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, analysts expect that Snowflake Inc. will post -2.16 EPS for the current year.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 2,621 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at $90,699,314.94. The trade was a 0.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 3,876 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction 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 position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 394,313 shares of company stock worth $67,477,780. 6.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SNOW shares. Mizuho dropped their target price on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 17th. Barclays dropped their target price on shares of Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Truist Financial set a $125.00 target price on shares of Snowflake in a research report on Wednesday, April 15th. Finally, Stifel Nicolaus set a $205.00 target price on shares of Snowflake in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Snowflake Profile

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.