Snowflake (NYSE:SNOW) Trading Down 2.2% – Should You Sell?

Snowflake Inc. (NYSE:SNOW)’s share price dropped 2.2% during trading on Tuesday . The company traded as low as $145.01 and last traded at $150.2420. Approximately 8,291,480 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 6,018,655 shares. The stock had previously closed at $153.67.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Morningstar expanded the availability of its investment datasets on Snowflake Marketplace, increasing Snowflake’s content ecosystem and potential marketplace revenue/usage tailwinds. Morningstar Expands Investment Data on Snowflake
• Positive Sentiment: Snowflake promoted long-time executive Jonathan Beaulier to Chief Revenue Officer effective March 31 — an internal hire that reduces execution risk versus an external search and signals continuity in go-to-market strategy. Snowflake Appoints Jonathan Beaulier as CRO
• Positive Sentiment: Snowflake named Michel Nader to lead its META region to advance regional AI initiatives, supporting international expansion and AI-driven adoption in a high-growth geography. Snowflake Appoints Michel Nader to Lead META Region
• Positive Sentiment: Analyst/market commentary highlights Snowflake’s Cortex AI suite as a potential re-acceleration driver (consumption-led, higher‑margin AI workloads). This supports a constructive long-term growth narrative despite near-term headwinds. MarketBeat: Can Cortex Power Snowflake?
• Neutral Sentiment: Coverage pieces note Wall Street analyst views remain an important driver; media on analyst sentiment can move the stock but no widespread broker downgrades were cited in these items. Zacks: Analyst Perspectives on SNOW
• Negative Sentiment: Multiple law firms have filed or are soliciting class action lead-plaintiff candidates alleging securities fraud for purchases between June 27, 2023 and Feb 28, 2024; the April 27, 2026 lead-plaintiff deadline is being highlighted broadly—this legal overhang increases uncertainty and potential litigation costs. Bronstein: Class Action Filed Against SNOW
• Negative Sentiment: Investors reacted to a surprise leadership shift: CRO Mike Gannon is departing for personal reasons after a year in the role—news that prompted near-term selling while markets reassess revenue execution risk. MarketWatch: Surprise Leadership Shift

Analyst Ratings Changes

A number of research firms have recently weighed in on SNOW. TD Cowen lowered their price target on shares of Snowflake from $270.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. KeyCorp lowered their target price on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. UBS Group dropped their price target on Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, DA Davidson reduced their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Price Performance

The company’s 50-day moving average is $178.27 and its 200-day moving average is $216.58. The firm has a market capitalization of $51.94 billion, a price-to-earnings ratio of -38.04 and a beta of 1.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the prior year, the business posted $0.30 earnings per share. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, research analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 11,299 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $175.25, for a total transaction of $1,980,149.75. Following the completion of the sale, the director owned 38,046 shares in the company, valued at approximately $6,667,561.50. The trade was a 22.90% 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, EVP Christian Kleinerman sold 2,621 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total transaction of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 612,238 shares of company stock valued at $116,741,495. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC acquired a new position in shares of Snowflake during the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake in the third quarter valued at about $28,000. Kemnay Advisory Services Inc. purchased a new position in Snowflake in the fourth quarter valued at about $28,000. Greenline Wealth Management LLC acquired a new position in shares of Snowflake during the fourth quarter worth about $29,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after purchasing an additional 130 shares in 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.