Snowflake (NYSE:SNOW) Trading Up 1.9% – Here’s Why

Snowflake Inc. (NYSE:SNOW)’s stock price shot up 1.9% on Thursday . The company traded as high as $180.79 and last traded at $179.3880. 3,133,121 shares changed hands during trading, a decline of 47% from the average session volume of 5,909,591 shares. The stock had previously closed at $176.08.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI monetization and partnerships: reports say Snowflake has hit an early ~$100M AI run rate and its AI product stack (Cortex, Document AI) plus large partnerships are driving enterprise adoption and new revenue streams. Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst/preview optimism and consumption trends: Oppenheimer and other previews expect a “solid” Q4 as consumption trends run above plan; Wells Fargo survey coverage also highlights upticks in consumption that could support near‑term demand. Snowflake Seen Delivering ‘Solid’ Q4
• Positive Sentiment: Partner and product integrations strengthen go‑to‑market: elevated partner tiers and product integrations (KPI Partners, Liquibase support) help enterprise adoption and channel reach. KPI Partners Elevates Partnership Tier
• Neutral Sentiment: Mixed analyst signals: some firms (Citigroup) warn downside and have trimmed expectations even as others (many buy ratings remain) keep constructive views — this creates conflicted near‑term guidance for traders. Citigroup Has Lowered Expectations for Snowflake
• Negative Sentiment: Insider selling: Director Frank Slootman sold 100,000 shares (~$17.7M at the sale price) in a disclosed trade, and recent repeated insider sales can spook investors and reduce perceived insider conviction. Frank Slootman Insider Sale Filing
• Negative Sentiment: Shareholder investigations and legal overhang: law firms (Pomerantz, Johnson Fistel) announced probes into investor losses, raising litigation risk and adding regulatory uncertainty that can pressure the stock. Pomerantz Investigation Notice
• Negative Sentiment: Analyst downgrades / price‑target cuts: several shops have trimmed targets (Mizuho, Goldman among others) or issued cautious notes, which reduces near‑term upside expectations and can amplify selling. Mizuho Lowers Snowflake Price Target

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SNOW shares. Mizuho reduced their price objective on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Cantor Fitzgerald increased their price target on Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Needham & Company LLC reissued a “buy” rating and issued a $280.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $237.00 target price on shares of Snowflake 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, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.84.

Snowflake Trading Down 3.7%

The business has a 50 day moving average of $204.30 and a two-hundred day moving average of $223.81. The firm has a market capitalization of $59.03 billion, a price-to-earnings ratio of -42.70 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. Equities analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $230.65, for a total value of $11,610,459.70. Following the transaction, the director directly owned 32,756 shares of the company’s stock, valued at approximately $7,555,171.40. This trade represents a 60.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president directly owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 713,681 shares of company stock worth $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC purchased a new position in shares of Snowflake during the third quarter valued at approximately $25,000. Avion Wealth lifted its stake in Snowflake by 76.6% during the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares in the last quarter. Tripletail Wealth Management LLC purchased a new position in Snowflake during the 3rd quarter worth $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the 4th quarter worth $28,000. Finally, Rossby Financial LCC raised its holdings in shares of Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. 65.10% of the stock is 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.