Los Angeles Capital Management LLC Lowers Stock Holdings in Snowflake Inc. $SNOW

Posted by on Jun 7th, 2026

Los Angeles Capital Management LLC reduced its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 304,228 shares of the company’s stock after selling 70,163 shares during the period. Los Angeles Capital Management LLC’s holdings in Snowflake were worth $66,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of SNOW. Assetmark Inc. boosted its stake in shares of Snowflake by 99.1% in the fourth quarter. Assetmark Inc. now owns 198,655 shares of the company’s stock valued at $43,577,000 after buying an additional 98,870 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Snowflake in the third quarter valued at approximately $116,882,000. Swedbank AB boosted its stake in shares of Snowflake by 6.0% in the fourth quarter. Swedbank AB now owns 1,330,415 shares of the company’s stock valued at $291,840,000 after buying an additional 75,419 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Snowflake by 3.1% in the third 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 hedge funds and other institutional investors.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

  • Positive Sentiment: Truist raised its price target on Snowflake to $300 and kept a buy rating, signaling continued analyst confidence in upside for SNOW.
  • Positive Sentiment: Jefferies said Snowflake’s AI monetization opportunity is gaining traction and reiterated its buy rating with a $300 target.
  • Positive Sentiment: Snowflake’s Summit 26 introduced new AI product upgrades and partnerships, reinforcing the company’s growth narrative in enterprise AI.
  • Neutral Sentiment: Coverage comparing Snowflake with peers like MongoDB adds visibility, but it is more relevant to long-term positioning than near-term earnings impact.
  • Negative Sentiment: Analysts and market commentary continue to flag margin pressure, competition, and a premium valuation as risks that could limit further upside.
  • Negative Sentiment: Recent insider selling by Frank Slootman and Christian Kleinerman may create some overhang on sentiment despite being part of pre-planned trading activity.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SNOW shares. DA Davidson lifted their price target on Snowflake from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. UBS Group set a $320.00 price target on Snowflake in a research note on Wednesday. Oppenheimer lifted their price target on Snowflake from $250.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Sanford C. Bernstein lifted their price target on Snowflake from $195.00 to $250.00 and gave the company a “market perform” rating in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada lifted their price target on Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $290.87.

Get Our Latest Research Report on SNOW

Snowflake Trading Down 2.5%

NYSE:SNOW opened at $238.12 on Friday. The company has a market capitalization of $82.32 billion, a PE ratio of -67.65 and a beta of 1.35. The company has a quick ratio of 1.30, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake Inc. has a 52-week low of $118.30 and a 52-week high of $284.99. The stock has a fifty day simple moving average of $165.25 and a 200-day simple moving average of $190.55.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.24 EPS. On average, equities research analysts expect that Snowflake Inc. will post -1.87 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the transaction, the director directly owned 38,046 shares in the company, valued at $9,603,951.78. This trade represents a 91.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the firm’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total value of $25,000,000.00. Following the completion of the transaction, the director owned 8,801 shares in the company, valued at approximately $2,200,250. This trade represents a 91.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,538,672 shares of company stock valued at $346,816,863 in the last 90 days. 4.80% of the stock is currently owned by insiders.

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.

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Want to see what other hedge funds are holding SNOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Snowflake Inc. (NYSE:SNOW – Free Report).

Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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