Snowflake (NYSE:SNOW) Trading Down 1.5% on Insider Selling

Snowflake Inc. (NYSE:SNOW) dropped 1.5% on Wednesday after an insider sold shares in the company. The stock traded as low as $219.54 and last traded at $221.6250. Approximately 1,677,145 shares traded hands during trading, a decline of 68% from the average daily volume of 5,221,890 shares. The stock had previously closed at $225.10.

Specifically, EVP Christian Kleinerman sold 4,755 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $224.30, for a total transaction of $1,066,546.50. Following the sale, the executive vice president owned 536,587 shares in the company, valued at $120,356,464.10. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Emily Ho sold 1,072 shares of Snowflake stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $223.63, for a total value of $239,731.36. Following the completion of the transaction, the chief accounting officer owned 43,809 shares of the company’s stock, valued at approximately $9,797,006.67. This trade represents a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other Snowflake news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. This trade represents a 79.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Canaccord Genuity Group upped their target price on shares of Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. UBS Group reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Royal Bank Of Canada restated an “outperform” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $237.00 price target on shares of Snowflake in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $275.32.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is reportedly in talks to acquire observability/app‑monitoring startup Observe for about $1 billion to deepen its AI and observability capabilities — a deal that would accelerate Snowflake’s push into AI‑driven, usage‑based revenue. Read More.
• Positive Sentiment: Analyst coverage remains constructive: Snowflake has a consensus “Moderate Buy,” which supports investor expectations for continued growth and underpins upside potential if AI adoption keeps accelerating. Read More.
• Neutral Sentiment: Quarterly/sector context — broader writeups comparing Snowflake to other data/storage names revisit Q3 results and AI demand drivers; useful context but no new company guidance. Read More.
• Negative Sentiment: Large insider sale by Frank Slootman: the director sold 200,000 shares (public filings), a transaction large enough to create short‑term selling pressure or raise investor questions about timing. Read More.
• Negative Sentiment: EVP Christian Kleinerman sold 4,755 shares (~$1.07M), another insider disposal that adds to the impression of distribution even if smaller in size. Read More.
• Negative Sentiment: CAO Emily Ho sold 1,072 shares (and has sold other lots recently) — multiple insider sales this week amplify caution around near‑term selling pressure. Read More.

Snowflake Trading Down 1.5%

The stock has a 50 day moving average of $246.24 and a 200 day moving average of $228.05. 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 firm has a market cap of $75.84 billion, a P/E ratio of -54.86 and a beta of 1.09.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SNOW. Kingstone Capital Partners Texas LLC purchased a new position in Snowflake in the second quarter worth about $3,900,134,000. Norges Bank bought a new stake in shares of Snowflake during the second quarter valued at approximately $944,895,000. Winslow Capital Management LLC purchased a new position in Snowflake in the 2nd quarter worth approximately $725,667,000. AQR Capital Management LLC lifted its position in Snowflake by 346.2% in the 1st quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company’s stock valued at $456,430,000 after acquiring an additional 2,460,769 shares in the last quarter. Finally, Coatue Management LLC bought a new position in Snowflake in the 3rd quarter valued at approximately $441,277,000. 65.10% of the stock is currently owned by 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.