Snowflake (NYSE:SNOW) Trading Up 3.6% – Still a Buy?

Snowflake Inc. (NYSE:SNOW)’s share price shot up 3.6% on Monday . The stock traded as high as $177.05 and last traded at $174.0860. 4,456,809 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 6,123,536 shares. The stock had previously closed at $168.02.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Partner/customer win: WM New Zealand selected Fivetran to build an AI-ready data foundation that pipes data into Snowflake, reinforcing Snowflake’s role as a destination for operational and IoT data for AI use cases. Fivetran Selected by WM New Zealand
• Positive Sentiment: Analyst stance: William Blair kept Snowflake at a bullish rating in a broader AI-focused coverage note, supporting investor confidence that SNOW remains a beneficiary of enterprise AI demand. Analyst Downgrades 9 Software Stocks
• Positive Sentiment: Product/strategy updates: Recent coverage highlights Snowflake’s Cortex AI and its fully managed platform (Project SnowWork/enterprise AI pushes), which could widen adoption by reducing the need for large internal data teams and driving higher platform consumption over time. Snowflake Cortex AI: A deep dive
• Positive Sentiment: Market-driven lift: Broad market rally triggered by geopolitical comments pushed SNOW higher this afternoon — a reminder that macro risk sentiment can produce short-term moves in growth/software names. Snowflake Stock Trades Up, Here Is Why
• Neutral Sentiment: Industry signal: Coverage mentioning the “OpenClaw” craze includes Snowflake among players benefiting from AI/ML tooling trends — a contextual story that signals market attention but not a direct revenue driver. OpenClaw craze inspires Nvidia, Anthropic, Perplexity, Snowflake
• Neutral Sentiment: Valuation/strategy note: Analysts and outlets are re-checking Snowflake’s valuation as Project SnowWork and new partnerships roll out; coverage notes both long-term AI potential and recent share-price weakness, making this balanced/uncertain for immediate price direction. Snowflake Valuation Check
• Negative Sentiment: Legal risk: Multiple law firms and notices (class actions and investor alerts) allege securities violations for the period June 27, 2023–Feb 28, 2024 and are soliciting lead plaintiffs — an ongoing litigation/cloud of uncertainty that can pressure sentiment and create future litigation costs or settlements. Levi & Korsinsky: Institutional SNOW Holders Face Losses
• Negative Sentiment: Insider selling: Reports show recent director stock sales totaling material amounts (multi‑million-dollar filings), which can be read by some investors as a negative signal on near-term insider conviction. Director Sells $15.6M in Stock

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Macquarie Infrastructure upped their target price on Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Wedbush reiterated an “outperform” rating and set a $270.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Canaccord Genuity Group dropped their price target on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Royal Bank Of Canada set a $245.00 price target on shares of Snowflake in a report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Price Performance

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 has a market capitalization of $59.57 billion, a price-to-earnings ratio of -44.07 and a beta of 1.17. The stock has a 50 day moving average price of $184.29 and a 200-day moving average price of $219.30.

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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, analysts forecast that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Activity

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $70,601.57. Following the transaction, the director directly owned 23,315 shares of the company’s stock, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christian Kleinerman sold 2,986 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $175.34, for a total transaction of $523,565.24. Following the transaction, the executive vice president owned 496,052 shares in the company, valued at $86,977,757.68. The trade was a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 613,303 shares of company stock worth $117,229,707 over the last three months. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Snowflake by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares in the last quarter. Jennison Associates LLC boosted its stake in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. State Street Corp grew its holdings in Snowflake by 1.4% in the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after buying an additional 94,293 shares in the last quarter. Nuveen LLC increased its stake in shares of Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after acquiring an additional 116,521 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Snowflake by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after acquiring an additional 249,668 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other 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.