Snowflake (NYSE:SNOW) Stock Price Up 5.5% – Time to Buy?

Snowflake Inc. (NYSE:SNOW)’s share price traded up 5.5% during trading on Friday . The stock traded as high as $185.62 and last traded at $182.3660. 8,289,345 shares were traded during mid-day trading, an increase of 37% from the average session volume of 6,063,589 shares. The stock had previously closed at $172.91.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Market reacted to Snowflake’s deeper OpenAI tie-up and new AI tools that position the company as a platform for enterprise AI agents — a clear revenue/capability catalyst for the AI-data-cloud narrative. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Analysts publicly reaffirmed a bullish view on Snowflake’s AI strategy, supporting investor confidence and valuation expectations for multi-year growth from AI workloads. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: Portfolio manager Amy Raskin increased her Snowflake position, a discretionary buy signal that can sway other investors and highlights confidence from active managers. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Positive Sentiment: Snowflake announced a new partnership with U.S. Figure Skating to apply its data and AI capabilities — a commercial reference win that helps the sales story and cross-industry proof points. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Aggregated analyst coverage shows a consensus around a “Moderate Buy” rating, which supports demand from institutional and retail investors. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Short-term price moves included a pullback noted by market commentary (daily decline prior session), which could be profit-taking ahead of AI-driven catalysts. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note
• Negative Sentiment: Johnson Fistel launched an investigation into whether Snowflake or its officers complied with federal securities laws — potential legal risk and headline risk for the stock. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz LLP also opened an investor investigation into Snowflake — multiple law firms increase legal/settlement risk and can pressure sentiment until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus upped their price target on Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. KeyCorp upped their price objective on shares of Snowflake from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and set a $280.00 target price on shares of Snowflake in a research report on Thursday, December 4th. UBS Group reaffirmed a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $274.68.

Snowflake Trading Up 5.5%

The firm has a market capitalization of $62.41 billion, a price-to-earnings ratio of -45.14 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average of $209.54 and a two-hundred day moving average of $225.37.

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

Insider Transactions at Snowflake

In related news, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $66,583.66. Following the completion of the sale, the director owned 23,718 shares in the company, valued at $3,918,687.96. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 613,681 shares of company stock valued at $130,573,518. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the business. Avion Wealth increased its stake in Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Snowflake during the third quarter valued at $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake in the 3rd quarter valued at $28,000. Rossby Financial LCC lifted its holdings in shares of Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 127 shares during the period. Finally, Greenline Wealth Management LLC bought a new position in shares of Snowflake during the fourth quarter valued at approximately $29,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Company Profile

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.