Snowflake Inc. $SNOW Shares Sold by Lyell Wealth Management LP

Posted by Stanley Muller on Nov 4th, 2026

Lyell Wealth Management LP trimmed its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 3.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 56,023 shares of the company’s stock after selling 1,752 shares during the quarter. Snowflake makes up about 1.1% of Lyell Wealth Management LP’s investment portfolio, making the stock its 25th largest holding. Lyell Wealth Management LP’s holdings in Snowflake were worth $19,023,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in SNOW. OMERS ADMINISTRATION Corp grew its position in shares of Snowflake by 4,284.3% during the first quarter. OMERS ADMINISTRATION Corp now owns 696,278 shares of the company’s stock worth $105,013,000 after acquiring an additional 680,397 shares during the last quarter. Janus Henderson Group PLC lifted its position in Snowflake by 22.2% in the 1st quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after purchasing an additional 544,960 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Snowflake by 76.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock valued at $176,736,000 after purchasing an additional 509,230 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Snowflake by 134.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock valued at $268,351,000 after purchasing an additional 453,342 shares during the period. Finally, Swedbank AB boosted its stake in Snowflake by 24.0% during the 1st quarter. Swedbank AB now owns 1,649,771 shares of the company’s stock valued at $248,818,000 after purchasing an additional 319,356 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Snowflake

In other news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the transaction, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. This trade represents a 6.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 300,000 shares of Snowflake stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $316.43, for a total transaction of $94,929,000.00. Following the completion of the transaction, the director directly owned 19,024 shares in the company, valued at $6,019,764.32. This represents a 94.04% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,206,443 shares of company stock worth $396,866,828. Company insiders own 4.80% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: At Snowflake Expedition 2026, the company introduced AI tools focused on trusted business context, governance and autonomous data engineering. Business Ontology and expanded CoCo and CoWork capabilities are designed to help AI agents act on enterprise data and automate recurring pipeline work—potentially strengthening Snowflake’s AI offering and customer appeal. Snowflake CoCo and CoWork announcement AI context and governance announcement
Positive Sentiment: Snowflake also announced USA Cycling will use its platform to bring together training and race data ahead of the LA28 Games. The deal offers a customer-validation point, though its near-term financial contribution was not disclosed. USA Cycling partnership
Neutral Sentiment: The company is scheduled to report fiscal third-quarter 2027 results after the market closes on December 2, which could provide a clearer read on demand and the commercial impact of its AI initiatives. Earnings date announcement
Negative Sentiment: Recent trading has been pressured by weakness across software stocks, amid concerns about major technology companies’ AI spending and a ServiceNow miss. Snowflake was reported down sharply over the prior week, while a Seeking Alpha rating downgrade adds to skepticism about the payoff from its AI strategy. Recent software-sector pressure Analyst downgrade

Analyst Ratings Changes

Several research analysts have commented on SNOW shares. Rosenblatt Securities upped their target price on shares of Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. KeyCorp lifted their price target on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Royal Bank Of Canada boosted their price objective on Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Bank of America boosted their price objective on Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Finally, Citizens Jmp increased their price objective on Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a report on Thursday, September 3rd. Thirty-six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $413.87.

Get Our Latest Analysis on Snowflake

Snowflake Trading Up 1.5%

Shares of SNOW stock opened at $294.96 on Wednesday. The stock has a 50-day simple moving average of $330.47 and a 200 day simple moving average of $240.60. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $384.56. The stock has a market capitalization of $104.06 billion, a P/E ratio of -92.76 and a beta of 1.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06.

Snowflake (NYSE:SNOW – Get Free Report) last released its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company earned $0.35 earnings per share. Snowflake’s revenue was up 35.1% compared to the same quarter last year. On average, sell-side analysts expect that Snowflake Inc. will post -1.42 earnings per share for the current fiscal year.

Snowflake Company Profile

(Free Report)

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.