Snowflake (NYSE:SNOW) Trading Down 4.8% After Insider Selling

Shares of Snowflake Inc. (NYSE:SNOW) fell 4.8% on Wednesday following insider selling activity. The company traded as low as $159.52 and last traded at $165.00. 17,256,386 shares were traded during mid-day trading, an increase of 216% from the average session volume of 5,464,803 shares. The stock had previously closed at $173.24.

Specifically, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SNOW shares. Jefferies Financial Group set a $300.00 price target on shares of Snowflake in a report on Monday, November 24th. JMP Securities lifted their target price on Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Wells Fargo & Company upped their target price on Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Argus upgraded Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Thursday, January 8th. Finally, Stifel Nicolaus boosted their price objective on Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.58.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced a multi‑year, roughly $200M enterprise AI partnership with OpenAI — a deal that can drive incremental consumption revenue if customers run LLMs and tooling on Snowflake’s data platform. Snowflake and OpenAI Unveil $200M AI Partnership
• Positive Sentiment: Customer win: United Rentals rolled out an AI Business Intelligence agent built on Snowflake Intelligence — proof of enterprise adoption that could increase query/compute usage. United Rentals Empowers Frontline Decision‑Making with Business Intelligence Agent Built on Snowflake
• Neutral Sentiment: Coverage and features note that Snowflake’s AI product roadmap (Cortex, semantic tools, Postgres integrations) expands use cases, but markets want evidence that consumption—and margins—will scale profitably. Fool: Here’s 1 AI Stock Down About 25% Already in 2026. Is It a Buy?
• Neutral Sentiment: FastCompany ran a critical piece arguing Snowflake believes current AI coding agents target the wrong problem — useful context on strategy and product positioning but not an immediate revenue trigger. Snowflake thinks AI coding agents are solving the wrong problem
• Negative Sentiment: Analyst downgrade: Zacks Research moved SNOW from “hold” to “strong sell,” adding downward analyst pressure and signaling weaker near‑term sentiment among some sell‑side participants. Zacks Research
• Negative Sentiment: Legal risk: Johnson Fistel announced an investigation into whether Snowflake or its officers complied with securities laws, increasing uncertainty and potential litigation risk. Johnson Fistel Investigation Notice
• Negative Sentiment: Insider selling: EVP Christian Kleinerman sold 10,000 shares (recent filings) — not unusual in isolation but contributes to short‑term selling pressure and investor concern. SEC Form 4 — Kleinerman Sale

Snowflake Stock Down 5.3%

The company has a market cap of $53.57 billion, a price-to-earnings ratio of -38.75 and a beta of 1.14. The stock has a 50-day simple moving average of $217.23 and a 200-day simple moving average of $226.74. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business 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 company’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.20 earnings per share. As a group, analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Odyssey Capital Advisors Inc. acquired a new stake in Snowflake in the fourth quarter worth approximately $244,000. TD Private Client Wealth LLC raised its stake in shares of Snowflake by 49.8% in the 4th quarter. TD Private Client Wealth LLC now owns 4,646 shares of the company’s stock worth $1,019,000 after buying an additional 1,545 shares in the last quarter. Mission Wealth Management LP acquired a new stake in shares of Snowflake in the fourth quarter valued at $211,000. North Dakota State Investment Board acquired a new stake in shares of Snowflake in the fourth quarter valued at $3,495,000. Finally, Soltis Investment Advisors LLC boosted its stake in Snowflake by 7.8% during the fourth quarter. Soltis Investment Advisors LLC now owns 3,110 shares of the company’s stock valued at $682,000 after buying an additional 224 shares in the last quarter. 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.