Spyglass Capital Management LLC Sells 22,257 Shares of Snowflake Inc. $SNOW

Posted by Stanley Muller on Sep 1st, 2026

Spyglass Capital Management LLC trimmed its stake in Snowflake Inc. (NYSE:SNOW – Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330,011 shares of the company’s stock after selling 22,257 shares during the quarter. Snowflake accounts for 4.5% of Spyglass Capital Management LLC’s portfolio, making the stock its 8th largest position. Spyglass Capital Management LLC’s holdings in Snowflake were worth $83,988,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares during the period. Intech Investment Management LLC grew its holdings in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after acquiring an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after acquiring an additional 73 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in shares of Snowflake in the second quarter worth $221,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after acquiring an additional 1,521 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $245.21, for a total transaction of $12,343,380.98. Following the transaction, the director owned 27,716 shares in the company, valued at $6,796,240.36. This trade represents a 64.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction that occurred on 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 directly owned 340,379 shares in the company, valued at approximately $110,623,175. This represents a 6.84% 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. In the last ninety days, insiders have sold 1,156,901 shares of company stock valued at $321,725,352. Corporate insiders own 4.80% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Higher analyst price target: Cantor Fitzgerald raised its Snowflake price target from $282 to $405 and maintained an “overweight” rating, citing expanding market multiples and potential for further upside. Snowflake Price Target Raised at Cantor Fitzgerald
Positive Sentiment: AI monetization is the central catalyst: Investors are looking for stronger product revenue, net revenue retention and guidance as Snowflake’s Cortex, CoCo and CoWork offerings could accelerate data migrations, workloads and platform consumption. Snowflake Earnings Preview
Positive Sentiment: Customer and ecosystem expansion: CrowdStrike announced that its Falcon platform will be available through Google Cloud and the Snowflake Marketplace, strengthening Snowflake’s enterprise data and security ecosystem. CrowdStrike Brings Falcon Platform to Snowflake
Positive Sentiment: Analysts and market commentators identify Snowflake as a leading AI-driven software name, with customer growth and previously announced pricing and agent-platform initiatives supporting the recent rally. Snowflake Stock Ran on a Plan

Snowflake Price Performance

Shares of NYSE:SNOW opened at $331.68 on Tuesday. Snowflake Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $341.95. The business has a 50-day moving average of $289.86 and a two-hundred day moving average of $216.33. The stock has a market capitalization of $114.96 billion, a P/E ratio of -94.23 and a beta of 1.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05.

Analyst Ratings Changes

A number of analysts recently issued reports on SNOW shares. Jefferies Financial Group lifted their price objective on Snowflake from $310.00 to $385.00 and gave the company a “buy” rating in a research report on Sunday, August 16th. 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. Weiss Ratings downgraded Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. BTIG Research increased their price objective on Snowflake from $325.00 to $340.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group lifted their target price on shares of Snowflake from $370.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Thirty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.46.

Read Our Latest Report on SNOW

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.

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.