Snowflake Inc. $SNOW Stock: Brickley Wealth Management Reduces Stake

Posted by Brian Himes on Nov 9th, 2026

Brickley Wealth Management decreased its stake in shares of Snowflake Inc. (NYSE:SNOW – Free Report) by 26.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,792 shares of the company’s stock after selling 6,599 shares during the quarter. Snowflake accounts for 0.9% of Brickley Wealth Management’s holdings, making the stock its 19th largest position. Brickley Wealth Management’s holdings in Snowflake were worth $6,381,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in shares of Snowflake by 22.2% in the first quarter. Janus Henderson Group PLC now owns 2,997,385 shares of the company’s stock valued at $452,014,000 after buying an additional 544,960 shares during the period. Assenagon Asset Management S.A. grew its position in Snowflake by 134.5% during the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock worth $268,351,000 after buying an additional 453,342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Snowflake by 76.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,171,833 shares of the company’s stock valued at $176,736,000 after acquiring an additional 509,230 shares during the period. National Pension Service increased its stake in Snowflake by 3.3% during the second quarter. National Pension Service now owns 690,349 shares of the company’s stock valued at $175,694,000 after acquiring an additional 21,915 shares during the period. Finally, Swiss National Bank increased its stake in Snowflake by 7.1% during the first quarter. Swiss National Bank now owns 944,600 shares of the company’s stock valued at $142,465,000 after acquiring an additional 62,600 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Wall Street Analyst Weigh In

SNOW has been the subject of several recent research reports. Raymond James Financial upped their price target on Snowflake from $275.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, September 3rd. Yorkville Ives assumed coverage on Snowflake in a report on Monday, October 5th. They set an “outperform” rating and a $400.00 price objective on the stock. Evercore restated an “outperform” rating and set a $430.00 price objective on shares of Snowflake in a research report on Thursday, September 3rd. Mizuho set a $425.00 price objective on Snowflake in a research report on Thursday, September 3rd. Finally, Rosenblatt Securities upped their target price on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Thirty-six 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 stock. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $413.87.

Get Our Latest Research Report on Snowflake

More Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Snowflake unveiled tools aimed at moving enterprise AI agents from pilot projects into production, including features for business context, governance and automating data-engineering work. These offerings could encourage adoption and increase customer usage. Snowflake unveils innovations for the agentic enterprise
Positive Sentiment: Recent commentary points to AI adoption, customer growth and raised revenue guidance as drivers of Snowflake’s strong year-to-date performance. Another bullish analysis argues that accelerating revenue growth may be underappreciated, though its optimistic price outlook depends on the valuation multiple investors assign the company. Zacks on Snowflake’s growth and valuation · Wall Street may be underestimating Snowflake’s growth potential
Neutral Sentiment: Former Snowflake revenue chief Mike Gannon is joining AI infrastructure startup Spectro Cloud. The report concerns a former executive and does not describe a change to Snowflake’s operations or outlook. Former Snowflake revenue chief joins Spectro Cloud
Negative Sentiment: Valuation remains a risk: coverage notes that Snowflake trades at a premium, leaving the stock sensitive to whether its AI-fueled growth can justify expectations. Executive Vice President Christian Kleinerman also sold 10,000 shares for about $3.06 million; the sale was under a pre-arranged trading plan, and he retained more than 303,000 shares. Snowflake executive stock sale

Insider Buying and Selling

In related news, Director Frank Slootman sold 300,000 shares of the firm’s 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 owned 19,024 shares in the company, valued at $6,019,764.32. This trade represents a 94.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $353.87, for a total value of $17,813,108.06. Following the transaction, the director owned 25,196 shares of the company’s stock, valued at $8,916,108.52. This trade represents a 66.64% 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 sold 1,135,702 shares of company stock valued at $373,733,800. 4.80% of the stock is currently owned by corporate insiders.

Snowflake Stock Up 0.2%

Shares of SNOW opened at $276.32 on Monday. The stock has a market cap of $97.48 billion, a price-to-earnings ratio of -86.89 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 Inc. has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a 50-day moving average price of $327.95 and a two-hundred day moving average price of $241.66.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating 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 company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Equities analysts predict that Snowflake Inc. will post -1.42 EPS for the current fiscal year.

Snowflake Company Profile

(Free Report)

Snowflake Inc provides a cloud-based data platform that helps organizations store, process, analyze and share data. Its platform brings together capabilities for data warehousing, data engineering, analytics, application development and artificial intelligence, and supports data sharing through its marketplace and other services.

Snowflake’s platform runs across major cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. The company serves customers in multiple industries and geographies, offering tools to work with data across cloud environments.

Founded in 2012, Snowflake went public in 2020.

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Institutional Ownership by Quarter for Snowflake (NYSE:SNOW)

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