Snowflake (NYSE:SNOW) Trading Down 2.8% Following Analyst Downgrade

Shares of Snowflake Inc. (NYSE:SNOW) traded down 2.8% on Tuesday after Citigroup lowered their price target on the stock from $300.00 to $270.00. Citigroup currently has a buy rating on the stock. Snowflake traded as low as $172.02 and last traded at $177.21. 5,746,404 shares were traded during mid-day trading, a decline of 5% from the average session volume of 6,054,628 shares. The stock had previously closed at $182.29.

Other analysts also recently issued research reports about the stock. Bank of America increased their target price on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Wedbush reaffirmed an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Cantor Fitzgerald lifted their target price on shares of Snowflake from $275.00 to $278.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a report on Monday, November 24th. Finally, Stifel Nicolaus increased their price target on Snowflake from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.97.

Insider Activity at Snowflake

In other news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares in the company, valued at $48,060,328.80. This trade represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $249.53, for a total value of $2,495,300.00. Following the completion of the transaction, the executive vice president owned 512,450 shares in the company, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 613,681 shares of company stock worth $130,573,518 over the last quarter. Company insiders own 6.80% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is being highlighted as a key AI infrastructure play and pushing partner momentum — positive for long-term demand and adoption. Snowflake Is Unlocking AI’s Future—And For Partners, There’s No Time Like The Present
• Positive Sentiment: Coverage noting AI is redefining cloud competition frames Snowflake as a beneficiary of rising enterprise AI adoption. How AI Is Redefining Enterprise Cloud Competition
• Positive Sentiment: Product update: Snowflake’s new coding agent is getting positive coverage from product leadership — supports execution narrative and could help near-term developer adoption. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Analysts and newsletters continue to flag Snowflake as an AI/cloud pick and expect an earnings beat — that supports upside if results match or exceed expectations. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates
• Neutral Sentiment: Citigroup trimmed its price target to $270 but kept a Buy rating — still implies substantial upside vs. current levels, though the cut lifts near-term caution. Benzinga Citigroup PT cut
• Neutral Sentiment: Goldman Sachs and Mizuho also reduced price targets (to $246 and $220 respectively) while keeping constructive ratings — signals analysts expect slower near-term multiple expansion but still see medium-term fundamentals. Goldman Sachs Reduces PT on Snowflake
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating — mixed signals from the sell side are increasing short-term volatility risk. Benzinga Guggenheim reaffirmed
• Negative Sentiment: Competitive pressure: Google Cloud rolled out a BigQuery global queries feature and the market flagged this as a direct competitive threat, which has pressured Snowflake shares. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal risk: Pomerantz LLP opened an investigation into Snowflake investor claims — introduces potential litigation risk and short-term downside if concerns escalate. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Sector headwinds: recent weakness in other AI/software names (e.g., Palo Alto) and daily share declines in Snowflake coverage pieces are amplifying risk-off flows in cloud stocks. Palo Alto shares sink as AI hits software stocks

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Strive Financial Group LLC bought a new stake in shares of Snowflake during the fourth quarter worth about $59,000. Ameriflex Group Inc. boosted its stake in Snowflake by 285.2% during the 4th quarter. Ameriflex Group Inc. now owns 624 shares of the company’s stock valued at $137,000 after purchasing an additional 462 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Snowflake by 1.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 36,173 shares of the company’s stock worth $7,935,000 after purchasing an additional 525 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of Snowflake by 3.8% in the fourth quarter. Raymond James Financial Inc. now owns 494,012 shares of the company’s stock worth $108,366,000 after purchasing an additional 17,905 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Snowflake by 10.9% in the fourth quarter. Vident Advisory LLC now owns 53,143 shares of the company’s stock valued at $11,657,000 after purchasing an additional 5,208 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Snowflake Stock Down 0.5%

The company has a market cap of $60.28 billion, a P/E ratio of -43.60 and a beta of 1.14. 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 fifty day moving average price of $206.03 and a two-hundred day moving average price of $224.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business 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%.Snowflake’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. On average, research analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

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.