Snowflake (NYSE:SNOW) Stock Price Down 3.4% – Time to Sell?

Snowflake Inc. (NYSE:SNOW)’s share price was down 3.4% during mid-day trading on Friday . The stock traded as low as $191.81 and last traded at $192.66. Approximately 5,738,493 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 4,488,131 shares. The stock had previously closed at $199.37.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long‑term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI‑driven energy operations, reinforcing go‑to‑market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer‑term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on SNOW. Canaccord Genuity Group upped their target price on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. UBS Group reiterated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Sanford C. Bernstein reissued a “market perform” rating and set a $237.00 target price on shares of Snowflake in a report on Thursday, December 4th. Bank of America lifted their price target on shares of Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, Wedbush reiterated an “outperform” rating and set a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Trading Down 3.4%

The business has a 50 day simple moving average of $224.18 and a 200-day simple moving average of $228.05. The stock has a market capitalization of $65.93 billion, a P/E ratio of -47.69 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings results 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. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company posted $0.20 EPS. Snowflake’s revenue for the quarter was up 28.7% on a year-over-year basis. On average, analysts predict that Snowflake Inc. will post -2.36 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Vivek Raghunathan sold 11,801 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president owned 218,020 shares in the company, valued at approximately $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the transaction, the executive vice president owned 471,351 shares in the company, valued at $103,650,084.90. This represents a 2.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 613,681 shares of company stock worth $136,052,145 in the last quarter. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently made changes to their positions in the business. Trust Co. of Toledo NA OH bought a new stake in shares of Snowflake in the second quarter valued at approximately $25,000. Avion Wealth raised its stake 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. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake in the 3rd quarter valued at $25,000. Tripletail Wealth Management LLC acquired a new stake in Snowflake in the 3rd quarter worth $28,000. Finally, Rossby Financial LCC increased its holdings in shares of Snowflake by 4,233.3% during the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 127 shares during the period. 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.