Snowflake (NYSE:SNOW) Trading 2% Higher – Should You Buy?

Snowflake Inc. (NYSE:SNOW) rose 2% during trading on Tuesday . The stock traded as high as $163.08 and last traded at $160.80. Approximately 8,499,633 shares traded hands during trading, an increase of 39% from the average daily volume of 6,125,217 shares. The stock had previously closed at $157.60.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake struck a multi-year, $200 million partnership with OpenAI to integrate OpenAI models into its Cortex AI platform, letting customers run advanced models directly on their own data — a catalyst for higher usage, monetization of AI workloads, and competitive differentiation. Read More.
• Positive Sentiment: Product expansion: Snowflake’s Cortex Code CLI now supports non‑Snowflake data sources (starting with dbt and Apache Airflow), reducing developer friction and broadening where Snowflake’s AI tooling can be used — abelt to accelerate adoption across engineering stacks. Read More.
• Positive Sentiment: Customer traction: Wolfspeed expanded its use of Snowflake to unify factory, supply chain and enterprise data; Snowflake also cited projects with sports organizations — tangible enterprise adoption that supports revenue growth narratives. Read More.
• Neutral Sentiment: Near-term event risk: Snowflake reports fiscal Q4 2026 results after the close on Feb. 25; investors will watch revenue growth, margins and guidance for signs of stabilization in enterprise spending. This creates short-term volatility potential. Read More.
• Neutral Sentiment: Analyst adjustments: BTIG lowered its price target from $312 to $235 but kept a “buy” rating — a sign analysts are tempering upside assumptions while still bullish on longer-term AI-driven growth. Read More.
• Neutral Sentiment: Pre-earnings takeaways: Several outlet pieces (Zacks, other previews) highlight that an expanding partner/customer base could help Q4 results, but emphasize competition and AI execution as the main variables. Read More.
• Negative Sentiment: Fund selling/valuation worry: Artisan Mid Cap Fund sold its Snowflake position citing elevated valuation, a sign some active managers are trimming exposure into rallies — a potential source of selling pressure. Read More.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SNOW. Zacks Research cut shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $250.00 price target on shares of Snowflake in a report on Monday. TD Cowen cut their target price on Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Friday. Barclays reiterated an “equal weight” rating and set a $250.00 price target (down from $290.00) on shares of Snowflake in a research report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Two 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 stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $265.63.

Snowflake Stock Up 2.0%

The stock’s fifty day moving average price is $203.13 and its 200 day moving average price is $223.68. 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 stock has a market cap of $55.03 billion, a P/E ratio of -39.80 and a beta of 1.14.

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

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the transaction, the executive vice president directly owned 512,450 shares in the company, valued at approximately $127,871,648.50. This represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’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 in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 713,681 shares of company stock valued at $148,264,518 over the last quarter. 6.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. State Street Corp increased its holdings in shares of Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after buying an additional 94,293 shares during the period. Nuveen LLC increased its holdings in shares of Snowflake by 2.3% in the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after buying an additional 116,521 shares during the period. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after acquiring an additional 652,485 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

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.