Snowflake (NYSE:SNOW) Trading Up 1.5% – Time to Buy?

Shares of Snowflake Inc. (NYSE:SNOW) shot up 1.5% on Wednesday . The stock traded as high as $169.76 and last traded at $168.30. 3,805,976 shares traded hands during trading, a decline of 42% from the average session volume of 6,604,034 shares. The stock had previously closed at $165.79.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Wall Street bullishness: Evercore and other outlets highlight Snowflake as a top AI-enabler with substantial upside (article argues SNOW could recover ~40% from recent lows), supporting buy-side interest in the name. Wall Street Thinks SNOW Can Gain 40%
• Positive Sentiment: AI / go-to-market momentum: Coverage from CRN and The Motley Fool emphasizes Snowflake’s AI positioning entering FY27 and growing partner/channel traction — narrative that supports higher consumption and revenue growth expectations. CRN channel takeaways
• Neutral Sentiment: Investor presentation: A recent Morgan Stanley TMT conference transcript is available — useful for incremental management commentary and investor Q&A but not a headline change by itself. Morgan Stanley presentation transcript
• Neutral Sentiment: Insider selling disclosed: EVP Christian Kleinerman sold 10,000 shares (SEC Form 4) — the sale is small relative to his holdings but may be read negatively by some traders. SEC Form 4
• Neutral Sentiment: Operational note: Snowflake signed an 83k sq ft Midtown office lease — limited direct impact on fundamentals but an operational signal about headcount/footprint. Crain’s office lease
• Negative Sentiment: Significant legal/headline risk: Multiple law firms have filed or launched investor alerts and class actions alleging disclosure issues tied to Snowflake’s AI product/subscription rollout; lead-plaintiff deadlines and repeated filings amplify short-term headline-driven selling pressure and could bring litigation costs or management distraction. PR Newswire class action notice
• Negative Sentiment: Multiple law firms/alerts: Pomerantz, Rosen, Bronstein/Gewirtz, Robbins and others are soliciting plaintiffs and reminding investors of deadlines — the volume of filings increases reputational and volatility risk near-term. Pomerantz investor alert

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SNOW. Canaccord Genuity Group decreased their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. KeyCorp decreased their target price on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Stifel Nicolaus set a $205.00 price target on Snowflake in a research report on Thursday, February 26th. Finally, DA Davidson reduced their price objective on Snowflake from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Price Performance

The company has a market capitalization of $57.59 billion, a P/E ratio of -42.61 and a beta of 1.16. 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 business has a 50 day simple moving average of $196.63 and a 200-day simple moving average of $222.56.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. Analysts predict that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the sale, the executive vice president owned 471,351 shares in the company, valued at approximately $103,650,084.90. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the sale, the director directly owned 32,756 shares of the company’s stock, valued at $7,555,171.40. This represents a 60.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 713,681 shares of company stock valued at $147,419,318. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Large investors have recently made changes to their positions in the company. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake during the 3rd quarter worth approximately $25,000. Tripletail Wealth Management LLC acquired a new position in Snowflake during the third quarter valued at $28,000. Kemnay Advisory Services Inc. purchased a new stake in Snowflake in the 4th quarter worth about $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the 4th quarter worth about $29,000. Finally, SJS Investment Consulting Inc. grew its stake in Snowflake by 4,333.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after acquiring an additional 130 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

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.