Snowflake (NYSE:SNOW) Shares Down 1.5% After Insider Selling

Snowflake Inc. (NYSE:SNOW) dropped 1.5% on Wednesday after an insider sold shares in the company. The company traded as low as $219.54 and last traded at $221.6250. 1,677,145 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 5,221,890 shares. The stock had previously closed at $225.10.

Specifically, EVP Christian Kleinerman sold 4,755 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $224.30, for a total value of $1,066,546.50. Following the transaction, the executive vice president directly owned 536,587 shares in the company, valued at approximately $120,356,464.10. This represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total transaction of $239,731.36. Following the sale, the chief accounting officer directly owned 43,809 shares in the company, valued at approximately $9,797,006.67. The trade was a 2.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In other Snowflake news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the sale, the director owned 50,329 shares in the company, valued at $11,164,482.07. This represents a 79.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Analysts Set New Price Targets

A number of research firms have recently commented on SNOW. JPMorgan Chase & Co. lifted their target price on Snowflake from $225.00 to $255.00 and gave the stock an “overweight” rating in a research report on Thursday, August 28th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $237.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Truist Financial upped their target price on Snowflake from $235.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, August 28th. Finally, Cantor Fitzgerald raised their price target on Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $275.32.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is reported to be in talks to buy app‑monitoring startup Observe for about $1 billion to accelerate its AI and observability capabilities — a strategic tuck‑in that could broaden Snowflake’s AI product set and drive more usage‑based revenue if completed. Read More.
• Positive Sentiment: AI demand remains a key growth driver: research notes say AI now accounts for roughly half of bookings and Snowflake hit an early ~$100M AI run rate, supporting upside to consumption and revenue growth. Read More.
• Positive Sentiment: Sell‑side support and commercial partnerships remain constructive — several firms have reiterated Buy/Outperform ratings and Snowflake has been publicized for partnerships (e.g., Accenture) that can accelerate enterprise adoption. Read More.
• Neutral Sentiment: Price‑target and multi‑year forecast pieces are circulating (some bearish near‑term commentary after recent volatility) but they mainly reflect market narratives rather than new company fundamentals. Read More.
• Neutral Sentiment: Q3/post‑earnings retrospectives and broader sector writeups are being replayed; useful for context but less likely to move the stock absent new guidance or results. Read More.
• Negative Sentiment: Large insider sales: Director Frank Slootman sold 200,000 shares (~$44M), and other insiders (EVP Christian Kleinerman and CAO Emily Ho) sold additional shares recently — big, disclosed sales can create short‑term selling pressure or investor caution. Read More.
• Negative Sentiment: Multiple smaller insider disposals were also reported, reinforcing the impression of insider distribution even if motives (taxes, diversification) may be benign. Read More.

Snowflake Trading Down 1.5%

The business has a fifty day moving average price of $247.00 and a 200 day moving average price of $228.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a market capitalization of $75.84 billion, a PE ratio of -54.86 and a beta of 1.09.

Snowflake (NYSE:SNOW) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $0.20 EPS. The firm’s revenue was up 28.7% on a year-over-year basis. Analysts expect that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Compound Planning Inc. bought a new stake in Snowflake in the first quarter valued at about $324,000. Kestra Advisory Services LLC increased its holdings in Snowflake by 7.3% in the first quarter. Kestra Advisory Services LLC now owns 28,262 shares of the company’s stock valued at $4,131,000 after buying an additional 1,929 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Snowflake by 6.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 52,009 shares of the company’s stock worth $7,602,000 after buying an additional 3,222 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Snowflake by 23.0% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,091 shares of the company’s stock worth $164,000 after acquiring an additional 204 shares in the last quarter. Hedge funds and other institutional investors 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.