Snowflake (NYSE:SNOW) Stock Price Up 1.6% – Time to Buy?

Snowflake Inc. (NYSE:SNOW)’s stock price was up 1.6% during mid-day trading on Friday . The company traded as high as $183.25 and last traded at $180.33. Approximately 6,013,342 shares changed hands during trading, a decline of 9% from the average daily volume of 6,599,445 shares. The stock had previously closed at $177.45.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Investors remain focused on Snowflake’s upbeat FY2026 results, double‑digit product revenue growth, growing AI product roadmap (Cortex Code), and large multi‑year model partnerships that can drive platform consumption. Quiver Quant: Snowflake shares rise after FY2026 results
• Positive Sentiment: Anthropic marketplace partnership exposure: Anthropic’s new marketplace will surface third‑party tools (including Snowflake), potentially increasing customer demand and enterprise workflows that use Snowflake with foundation models. This distribution channel supports the company’s AI‑data positioning. Yahoo Finance: Anthropic marketplace
• Positive Sentiment: Analyst/ratings update: Zacks upgraded SNOW from “strong sell” to “hold,” which can reduce short‑term selling pressure and modestly support sentiment. Zacks Research upgrade
• Neutral Sentiment: Street commentary and price‑target dispersion: Several firms reaffirm bullish views on Snowflake’s AI upside (median 6‑month targets remain above current levels), but targets vary widely — keep an eye on guidance vs. execution. Quiver Quant: analyst coverage & targets
• Neutral Sentiment: “Buy the dip” commentary and technical flows: Coverage noting SNOW’s YTD weakness and short‑term volatility may encourage dip buyers/technical traders, which can amplify intraday moves but doesn’t change fundamentals. Yahoo Finance: Down 23% YTD analysis
• Negative Sentiment: Heightened legal risk: Multiple law firms have filed notices and class actions alleging securities violations tied to statements about product efficiency/pricing and revenue — deadlines to seek lead‑plaintiff status are approaching (Apr. 27). The volume of filings increases litigation risk and could pressure the stock if damages or disclosures follow. GlobeNewswire: Schall Law Firm investor notice
• Negative Sentiment: Ongoing headlines tying lawsuits to Snowflake’s AI deals and growth narrative: Coverage highlights the tension between accelerating AI partnerships and litigation, creating headline risk that can amplify volatility even as fundamentals improve. Yahoo Finance: Lawsuits confront AI growth

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wedbush restated an “outperform” rating and set a $270.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Oppenheimer restated a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. Rosenblatt Securities reiterated a “buy” rating and issued a $275.00 price objective on shares of Snowflake in a report on Thursday, February 26th. Jefferies Financial Group set a $300.00 target price on Snowflake in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Trading Up 1.6%

The business has a fifty day moving average price of $194.68 and a two-hundred day moving average price of $221.87. 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 firm has a market capitalization of $61.71 billion, a PE ratio of -45.65 and a beta of 1.16.

Snowflake (NYSE:SNOW) last posted its earnings results 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 net margin of 28.43% and a negative return on equity of 48.50%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the company posted $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Activity at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the transaction, the executive vice president directly owned 471,351 shares in the company, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $221.16, for a total value of $11,132,752.08. Following the completion of the sale, the director directly owned 31,916 shares of the company’s stock, valued at $7,058,542.56. The trade was a 61.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 662,940 shares of company stock worth $135,715,906. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Snowflake by 13.5% during the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after purchasing an additional 48,411 shares during the last quarter. Penserra Capital Management LLC grew its stake in shares of Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its holdings in Snowflake by 102.9% in the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock valued at $46,689,000 after buying an additional 105,000 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other 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.