Snowflake (NYSE:SNOW) Shares Up 5.5% – Should You Buy?

Snowflake Inc. (NYSE:SNOW)’s share price rose 5.5% during mid-day trading on Friday . The stock traded as high as $185.62 and last traded at $182.3660. 8,289,345 shares traded hands during trading, an increase of 37% from the average daily volume of 6,063,589 shares. The stock had previously closed at $172.91.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Market reacted to Snowflake’s deeper OpenAI tie-up and new AI tools that position the company as a platform for enterprise AI agents — a clear revenue/capability catalyst for the AI-data-cloud narrative. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
• Positive Sentiment: Analysts publicly reaffirmed a bullish view on Snowflake’s AI strategy, supporting investor confidence and valuation expectations for multi-year growth from AI workloads. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
• Positive Sentiment: Portfolio manager Amy Raskin increased her Snowflake position, a discretionary buy signal that can sway other investors and highlights confidence from active managers. Trade Tracker: Amy Raskin buys more Cadence, Snowflake and Impinj
• Positive Sentiment: Snowflake announced a new partnership with U.S. Figure Skating to apply its data and AI capabilities — a commercial reference win that helps the sales story and cross-industry proof points. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
• Positive Sentiment: Aggregated analyst coverage shows a consensus around a “Moderate Buy” rating, which supports demand from institutional and retail investors. Snowflake Inc. (NYSE:SNOW) Given Average Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Short-term price moves included a pullback noted by market commentary (daily decline prior session), which could be profit-taking ahead of AI-driven catalysts. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note
• Negative Sentiment: Johnson Fistel launched an investigation into whether Snowflake or its officers complied with federal securities laws — potential legal risk and headline risk for the stock. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses
• Negative Sentiment: Pomerantz LLP also opened an investor investigation into Snowflake — multiple law firms increase legal/settlement risk and can pressure sentiment until resolved. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SNOW shares. Morgan Stanley reiterated an “overweight” rating and set a $299.00 price target on shares of Snowflake in a research report on Tuesday, January 27th. The Goldman Sachs Group lowered their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a report on Wednesday. DA Davidson reissued a “buy” rating and set a $300.00 target price on shares of Snowflake in a research report on Friday, January 30th. Robert W. Baird increased their price objective on shares of Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Wedbush reissued an “outperform” rating and issued a $270.00 price target on shares of Snowflake in a report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $274.68.

Snowflake Price Performance

The stock’s 50-day moving average is $209.54 and its 200-day moving average is $225.37. 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 firm has a market cap of $62.41 billion, a P/E ratio of -45.14 and a beta of 1.14.

Snowflake (NYSE:SNOW) last announced 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 company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 28.7% on a year-over-year basis. As a group, equities analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total value of $239,731.36. Following the transaction, the chief accounting officer directly owned 43,809 shares in the company, valued at $9,797,006.67. This represents a 2.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total transaction of $41,354,000.00. Following the sale, the director directly owned 50,329 shares of the company’s stock, valued at $10,406,527.33. This represents a 79.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 613,681 shares of company stock worth $130,573,518 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Snowflake by 27.2% during the fourth quarter. Stifel Financial Corp now owns 198,953 shares of the company’s stock valued at $43,642,000 after buying an additional 42,531 shares during the last quarter. Kirtland Hills Capital Management LLC increased its position in Snowflake by 51.6% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 38,834 shares of the company’s stock worth $8,519,000 after purchasing an additional 13,212 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Snowflake by 158.3% during the 4th quarter. Neuberger Berman Group LLC now owns 277,795 shares of the company’s stock worth $60,937,000 after purchasing an additional 170,232 shares during the period. Quattro Advisors LLC bought a new stake in shares of Snowflake during the fourth quarter valued at approximately $175,000. Finally, Smartleaf Asset Management LLC grew its holdings in Snowflake by 27.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,727 shares of the company’s stock worth $384,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

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.