Snowflake (NYSE:SNOW) Trading Down 3.4% – What’s Next?

Shares of Snowflake Inc. (NYSE:SNOW) traded down 3.4% on Friday . The company traded as low as $191.81 and last traded at $192.66. 5,738,493 shares traded hands during trading, an increase of 28% from the average session volume of 4,488,131 shares. The stock had previously closed at $199.37.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long‑term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI‑driven energy operations, reinforcing go‑to‑market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer‑term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

Wall Street Analysts Forecast Growth

A number of analysts have commented on SNOW shares. Citigroup reduced their price objective on Snowflake from $310.00 to $300.00 and set a “buy” rating for the company in a research report on Monday, December 8th. Morgan Stanley reaffirmed an “overweight” rating and issued a $299.00 target price on shares of Snowflake in a research report on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $312.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Bank of America upped their target price on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, TD Cowen restated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Stock Down 3.4%

The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a market cap of $65.93 billion, a price-to-earnings ratio of -47.69 and a beta of 1.14. The firm’s fifty day moving average price is $224.18 and its 200-day moving average price is $228.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. Sell-side analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Buying and Selling at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. The trade was a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 613,681 shares of company stock valued at $136,052,145 in the last three months. 6.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sigma Planning Corp increased its holdings in Snowflake by 125.6% during the 4th quarter. Sigma Planning Corp now owns 6,924 shares of the company’s stock worth $1,521,000 after purchasing an additional 3,855 shares in the last quarter. Activest Wealth Management boosted its position in Snowflake by 296.2% in the fourth quarter. Activest Wealth Management now owns 206 shares of the company’s stock worth $45,000 after purchasing an additional 154 shares during the last quarter. Jennison Associates LLC increased its position in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of Snowflake by 22.1% during the 4th quarter. Trifecta Capital Advisors LLC now owns 470 shares of the company’s stock worth $103,000 after purchasing an additional 85 shares during the period. Finally, US Bancorp DE raised its stake in shares of Snowflake by 4.4% during the 4th quarter. US Bancorp DE now owns 38,917 shares of the company’s stock worth $8,537,000 after purchasing an additional 1,627 shares during the period. Institutional investors own 65.10% of the company’s stock.

About Snowflake

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.