Snowflake (NYSE:SNOW) Shares Down 4.2% After Insider Selling

Snowflake Inc. (NYSE:SNOW)’s stock price fell 4.2% on Tuesday following insider selling activity. The stock traded as low as $174.43 and last traded at $175.2380. 4,378,875 shares changed hands during trading, a decline of 33% from the average session volume of 6,513,152 shares. The stock had previously closed at $182.84.

Specifically, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $8,818,714.22. Following the transaction, the director owned 30,236 shares of the company’s stock, valued at $5,297,044.84. This represents a 62.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $175.19, for a total value of $70,601.57. Following the sale, the director directly owned 23,315 shares of the company’s stock, valued at $4,084,554.85. The trade was a 1.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNOW. The Goldman Sachs Group reduced their price objective on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research note on Monday, November 24th. Oppenheimer reissued a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. Wedbush restated an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a report on Thursday, December 4th. Finally, Scotiabank lowered their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: New Snowflake research highlights interoperability as foundational for scaling AI in healthcare — a signal that Snowflake’s Data Cloud and integrations are resonating with large, regulated buyers and could support long‑term enterprise spend. Read More.
• Positive Sentiment: Company‑commissioned/global research shows AI is creating net workforce gains for most firms and strong interest in generative/agentic AI (77% investing) — supports the narrative that Snowflake’s AI platform (Cortex, Intelligence) can drive durable consumption. Read More.
• Positive Sentiment: Bullish analyst/features argue recent results (30% revenue growth, bookings strength, rising margins and customer additions) make SNOW a contrarian buying opportunity amid broader SaaS valuation compression. That supports a medium‑term upside case. Read More.
• Neutral Sentiment: Coverage weighing the pullback: articles note a ~19% three‑month decline driven by margin pressure and competition while acknowledging strong AI adoption and major deals — frames SNOW as higher upside but higher volatility. Read More.
• Negative Sentiment: A flurry of securities‑class‑action notices and filings allege Snowflake misstated the impact of product efficiency and pricing changes on revenue (class period cited: June 27, 2023–Feb 28, 2024). Multiple law firms are soliciting lead‑plaintiffs; litigation risk increases uncertainty and can pressure the multiple. Read More.
• Negative Sentiment: Insider selling: Snowflake director Michael Speiser disclosed a large sale (~50,338 shares at ~$175 on March 6), markedly reducing his stake — a visible liquidity event that can be read negatively by markets even if for personal reasons. Read More.

Snowflake Price Performance

The company has a market capitalization of $59.97 billion, a PE ratio of -44.36 and a beta of 1.17. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $193.01 and its 200-day simple moving average is $222.05.

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

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of 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 purchasing an additional 8,002 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after buying an additional 48,411 shares during the last quarter. Penserra Capital Management LLC raised its position in shares of Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after buying an additional 37,911 shares during the last quarter. Vanguard Group Inc. lifted 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 valued at $6,461,465,000 after buying an additional 857,832 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of Snowflake during the third quarter valued at approximately $116,882,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

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.