Snowflake (NYSE:SNOW) Releases Quarterly Earnings Results, Misses Expectations By $1.06 EPS

Snowflake (NYSE:SNOW) issued its quarterly earnings data on Wednesday. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($1.06), Zacks reports. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.

Snowflake Trading Up 5.4%

Shares of NYSE SNOW traded up $8.68 during trading on Wednesday, hitting $169.74. 12,613,062 shares of the company traded hands, compared to its average volume of 6,262,440. The firm has a market capitalization of $58.09 billion, a P/E ratio of -42.02 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 company has a 50-day moving average price of $201.94 and a 200-day moving average price of $223.46. Snowflake has a 1 year low of $120.10 and a 1 year high of $280.67.

Insider Transactions at Snowflake

In related news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, December 5th. The stock was sold at an average price of $230.65, for a total value of $11,610,459.70. Following the transaction, the director owned 32,756 shares in the company, valued at approximately $7,555,171.40. This trade represents a 60.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at $127,871,648.50. This represents a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 713,681 shares of company stock valued at $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake in the fourth quarter worth $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the 4th quarter worth $29,000. JPL Wealth Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at $39,000. Geneos Wealth Management Inc. raised its position in Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares during the period. Finally, Strive Financial Group LLC acquired a new position in shares of Snowflake during the fourth quarter worth about $59,000. 65.10% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp dropped their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Macquarie Infrastructure increased their price objective on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. BTIG Research dropped their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating for the company in a research report on Monday. Piper Sandler restated an “overweight” rating and issued a $285.00 target price on shares of Snowflake in a report on Thursday, December 4th. Finally, Morgan Stanley set a $270.00 price objective on shares of Snowflake in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $265.63.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced a multi‑year $200M alliance with OpenAI, positioning its Cortex AI platform to run OpenAI models on customer data — a concrete tie to the AI growth story investors want to see. Snowflake Leans On OpenAI Alliance
• Positive Sentiment: Institutional mention: Aristotle’s Growth Equity Fund highlighted Snowflake as a leading data‑cloud platform in its Q4 letter — a vote of confidence from an active manager. Aristotle Growth Equity Fund Letter
• Neutral Sentiment: Earnings preview: Q4 results are due after the close and coverage emphasizes one key metric — remaining performance obligation (RPO) — as the signal for whether AI-driven demand is materializing. Traders are watching guidance and RPO closely. RPO Is Key for Snowflake AI Transition
• Neutral Sentiment: Pre‑earnings analyst activity: several outlets report Wall Street firms have revised models and price targets ahead of the print — increasing volatility risk into the event. Analyst Expectations Revamped
• Negative Sentiment: Legal overhang: multiple law firms have issued investor notices and announced investigations / class‑action filings alleging claims tied to earlier disclosures for purchases between June 27, 2023 and Feb 28, 2024 — increasing uncertainty and potential future liabilities. Examples: Robbins LLP, Rosen Law, Bernstein Liebhard, Johnson Fistel, and Pomerantz. Robbins LLP Investor Notice
• Negative Sentiment: Analyst downgrades and sell activity: recent notes and fund moves cite valuation concerns; at least one analyst downgrade and reports that Artisan’s Mid‑Cap fund sold its SNOW position (valuation cited) add downward pressure. Analyst Downgrade / Fund Selling

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.