Snowflake (NYSE:SNOW) Cut to “Equal Weight” at Barclays

Barclays downgraded shares of Snowflake (NYSE:SNOW) from an overweight rating to an equal weight rating in a report published on Monday, Marketbeat Ratings reports. They currently have $250.00 price target on the stock, down from their previous price target of $290.00.

Several other research firms also recently commented on SNOW. BTIG Research reissued a “buy” rating and set a $312.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Scotiabank reissued an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Wells Fargo & Company lifted their price objective on shares of Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Piper Sandler reiterated an “overweight” rating and issued a $285.00 target price on shares of Snowflake in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Stock Performance

Shares of Snowflake stock opened at $206.12 on Monday. The company’s 50 day moving average price is $235.26 and its two-hundred day moving average price is $228.89. The firm has a market capitalization of $70.53 billion, a P/E ratio of -51.02 and a beta of 1.14. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

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

Insider Activity at Snowflake

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This represents a 79.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $221.16, for a total value of $89,127.48. Following the transaction, the director owned 24,121 shares in the company, valued at approximately $5,334,600.36. This represents a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 418,681 shares of company stock worth $96,073,145 in the last three months. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Snowflake

Hedge funds and other institutional investors have recently modified their holdings of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Snowflake in the second quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new position in Snowflake during the 3rd quarter valued at about $25,000. Avion Wealth grew its holdings 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 purchasing an additional 49 shares during the last quarter. Tripletail Wealth Management LLC purchased a new stake in Snowflake in the 3rd quarter worth about $28,000. Finally, Rossby Financial LCC lifted its stake in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. 65.10% of the stock is owned by institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake expanded its platform via acquisitions of Datometry and Observe, strengthening its data/AI stack and potential revenue mix from observability and cross-cloud compatibility. SNOW Expands Portfolio on Acquisitions
• Positive Sentiment: A bullish analyst write-up upgraded Snowflake on valuation improvement and rising RPO (reported ~37% y/y in the article), highlighting strong revenue visibility (RPO) and 125% net revenue retention — factors that support medium‑to‑long-term upside. Snowflake: Buy The Dip
• Positive Sentiment: Third-party tooling adoption: Yuki launched a 14-day trial that runs full Snowflake optimization in production — a sign of partner-led demand and potential efficiency/performance benefits for customers. Yuki Launches a 14-Day Free Trial
• Positive Sentiment: Industry positioning: coverage pieces list Snowflake among top cross-cloud/AI infrastructure winners, reinforcing investor narratives around durable AI tailwinds and multi-cloud demand. This supports longer-term institutional interest. 5 AI Stocks Positioned to Win
• Neutral Sentiment: ETF exposure: Snowflake is a meaningful holding in cloud-focused ETFs (e.g., Fidelity Cloud Computing ETF), which can provide steady passive inflows but also links SNOW to broader ETF flows and cloud-sector volatility. The Cloud Computing ETF Every Growth Investor Should Consider
• Negative Sentiment: Analyst downgrade: Barclays cut Snowflake from Overweight to Equal Weight and trimmed its price target (from $290 to $250). That re-rating is a clear near-term headwind for sentiment and likely contributed to selling pressure. Barclays downgrades Snowflake
• Negative Sentiment: Market reaction / media coverage: Multiple outlets are calling out SNOW’s share decline and explaining today’s pullback, amplifying negative sentiment and short-term volatility. SNOW Falls More Steeply Than Broader Market Why Snowflake stock is falling today

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.