Snowflake (NYSE:SNOW) Shares Down 3.7% After Insider Selling

Snowflake Inc. (NYSE:SNOW) shares were down 3.7% during trading on Friday after an insider sold shares in the company. The stock traded as low as $172.29 and last traded at $172.49. Approximately 5,836,567 shares were traded during trading, a decline of 1% from the average daily volume of 5,907,645 shares. The stock had previously closed at $179.20.

Specifically, Director Frank Slootman sold 100,000 shares of Snowflake stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the sale, the director directly owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analysts Set New Price Targets

Several equities analysts have weighed in on SNOW shares. Monness Crespi & Hardt raised their price target on Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, December 4th. BTIG Research reiterated a “buy” rating and set a $312.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Scotiabank reissued an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Citigroup reduced their price target on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $269.84.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wells Fargo survey and consumption uptick — data from a Wells Fargo survey flagged stronger consumption trends into enterprise cloud spending, which highlights near-term demand tailwinds for Snowflake’s data/AI platform. Wells Fargo survey lifts demand outlook
• Positive Sentiment: AI monetization and product momentum — multiple analyst previews note Snowflake’s early AI revenue traction (reports of a ~$100M AI run rate), Cortex/Document AI positioning and a reported ~ $200M OpenAI tie-up as meaningful catalysts for revenue/RPO growth. These items support upside if execution continues. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Partner and product integrations — channel moves (KPI Partners elevating Snowflake partnership) and product integrations (Liquibase adding Snowflake support) strengthen adoption pathways and lower friction for enterprise sales. KPI Partners elevates partnership Liquibase adds Snowflake support
• Neutral Sentiment: Upcoming earnings as a near-term catalyst — commentary reminding investors to mark Feb. 25 as the company’s quarterly report; results and guidance will likely drive short-term volatility. Earnings date reminder
• Neutral Sentiment: Sector context — a rally in other contact-center/software names (RingCentral, Five9) shows selective strength in AI/booking beats across software, which may help sentiment but is not a direct SNOW fundamental. Sector rally note
• Negative Sentiment: Large insider selling — Director Frank Slootman sold 100,000 shares (~$17.7M at the trade price). Repeated large insider disposals are feeding investor concern about insider conviction and are pressuring the stock. Insider selling filing
• Negative Sentiment: Shareholder investigations / litigation risk — Pomerantz and Johnson Fistel announced probes into investor losses, creating legal and disclosure overhang that can deter buyers until clarity emerges. Pomerantz investigation notice Johnson Fistel notice
• Negative Sentiment: Analyst downgrades and price-target cuts — recent cuts (Mizuho, others) and reduced expectations from some brokers are lowering the perceived upside and putting selling pressure on the shares. Mizuho lowers PT Trading down after downgrade

Snowflake Stock Down 3.7%

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company’s fifty day moving average price is $205.20 and its 200-day moving average price is $224.06. The stock has a market cap of $59.03 billion, a P/E ratio of -42.70 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Equities analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its stake in Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after purchasing an additional 29,320 shares during the period. Intech Investment Management LLC grew its holdings in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Snowflake by 29.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after buying an additional 73 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Snowflake during the 2nd quarter valued at about $271,000. Finally, Stephens Inc. AR boosted its position in Snowflake by 105.9% in the 2nd quarter. Stephens Inc. AR now owns 5,993 shares of the company’s stock valued at $1,341,000 after buying an additional 3,082 shares during the period. 65.10% of the stock is owned by institutional investors.

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.