Snowflake (NYSE:SNOW) Trading Up 1.5% – Time to Buy?

Shares of Snowflake Inc. (NYSE:SNOW) rose 1.5% during trading on Wednesday . The stock traded as high as $169.76 and last traded at $168.30. Approximately 3,805,976 shares changed hands during trading, a decline of 42% from the average daily volume of 6,604,034 shares. The stock had previously closed at $165.79.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street bullishness: Evercore and other outlets highlight Snowflake as a top AI-enabler with substantial upside (article argues SNOW could recover ~40% from recent lows), supporting buy-side interest in the name. Wall Street Thinks SNOW Can Gain 40%
• Positive Sentiment: AI / go-to-market momentum: Coverage from CRN and The Motley Fool emphasizes Snowflake’s AI positioning entering FY27 and growing partner/channel traction — narrative that supports higher consumption and revenue growth expectations. CRN channel takeaways
• Neutral Sentiment: Investor presentation: A recent Morgan Stanley TMT conference transcript is available — useful for incremental management commentary and investor Q&A but not a headline change by itself. Morgan Stanley presentation transcript
• Neutral Sentiment: Insider selling disclosed: EVP Christian Kleinerman sold 10,000 shares (SEC Form 4) — the sale is small relative to his holdings but may be read negatively by some traders. SEC Form 4
• Neutral Sentiment: Operational note: Snowflake signed an 83k sq ft Midtown office lease — limited direct impact on fundamentals but an operational signal about headcount/footprint. Crain’s office lease
• Negative Sentiment: Significant legal/headline risk: Multiple law firms have filed or launched investor alerts and class actions alleging disclosure issues tied to Snowflake’s AI product/subscription rollout; lead-plaintiff deadlines and repeated filings amplify short-term headline-driven selling pressure and could bring litigation costs or management distraction. PR Newswire class action notice
• Negative Sentiment: Multiple law firms/alerts: Pomerantz, Rosen, Bronstein/Gewirtz, Robbins and others are soliciting plaintiffs and reminding investors of deadlines — the volume of filings increases reputational and volatility risk near-term. Pomerantz investor alert

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SNOW shares. Zacks Research lowered shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a research note on Wednesday, January 21st. Piper Sandler dropped their target price on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial reaffirmed an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Finally, KeyCorp reduced their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Stock Up 1.5%

The business has a 50-day simple moving average of $196.63 and a two-hundred day simple moving average of $222.56. The company has a market cap of $57.59 billion, a price-to-earnings ratio of -42.61 and a beta of 1.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. As a group, equities analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction that occurred 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 transaction, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the completion of the sale, the director owned 32,756 shares of the company’s stock, valued at $7,555,171.40. The trade was a 60.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 713,681 shares of company stock worth $147,419,318. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds and other institutional investors have recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC acquired a new position in shares of Snowflake during the 3rd quarter worth about $25,000. Tripletail Wealth Management LLC bought a new position in Snowflake in the 3rd quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new position in Snowflake in the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new stake in Snowflake in the 4th quarter valued at $29,000. Finally, SJS Investment Consulting Inc. grew its position in Snowflake by 4,333.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

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.