Snowflake (NYSE:SNOW) Trading Down 3.7% After Insider Selling

Snowflake Inc. (NYSE:SNOW) dropped 3.7% during trading on Friday after an insider sold shares in the company. The stock traded as low as $172.29 and last traded at $172.49. Approximately 5,836,567 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 5,907,645 shares. The stock had previously closed at $179.20.

Specifically, Director Frank Slootman sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Macquarie Infrastructure upped their target price on Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research report on Thursday, December 4th. Guggenheim restated a “neutral” rating on shares of Snowflake in a research note on Wednesday. Canaccord Genuity Group raised their price target on shares of Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Piper Sandler reissued an “overweight” rating and issued a $285.00 price target on shares of Snowflake in a research note on Thursday, December 4th. Finally, Zacks Research downgraded shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Two research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.84.

More Snowflake News

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

Snowflake Stock Performance

The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of -42.70 and a beta of 1.14. The firm has a fifty day moving average of $204.30 and a 200-day moving average of $223.94.

Snowflake (NYSE:SNOW) last released 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 company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. As a group, sell-side analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.

Institutional Investors Weigh In On Snowflake

Several institutional investors have recently bought and sold shares of the business. Brighton Jones LLC grew its stake in shares of Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after acquiring an additional 2,167 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Snowflake during the 2nd quarter valued at $271,000. Finally, Whittier Trust Co. raised its holdings in shares of Snowflake by 149.1% during the 2nd quarter. Whittier Trust Co. now owns 137 shares of the company’s stock valued at $31,000 after purchasing an additional 82 shares in 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.