Snowflake (NYSE:SNOW) Trading Up 2.4% – Time to Buy?

Snowflake Inc. (NYSE:SNOW)’s share price rose 2.4% on Thursday . The stock traded as high as $211.49 and last traded at $211.38. Approximately 3,458,442 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 4,424,520 shares. The stock had previously closed at $206.50.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Expansion: Snowflake announced a new AWS deployment in the UAE, extending its commercial footprint in the Middle East and building on >$2B of AWS Marketplace sales — a clear push to grow international revenue and partner-led bookings. Snowflake launches AWS deployment in UAE
• Positive Sentiment: Customer / product traction: Snowflake partnered with Zinnia for real‑time insurance analytics and AI, signaling continued vertical wins for high-value, analytics-driven use cases that can drive consumption. Zinnia collaborates with Snowflake
• Positive Sentiment: Analyst support: Several firms have recently reiterated or raised targets (Argus, KeyCorp, Needham, Rosenblatt), leaving consensus upside vs. current prices — supportive for medium‑term investor sentiment. MarketBeat coverage including analyst notes
• Neutral Sentiment: Macro/strategy tone: CEO comments emphasize being precise about AI ROI — a message of disciplined monetization that helps clarify strategy but doesn’t deliver immediate revenue. Useful for long‑term thesis, limited short‑term impact. CEO: Being precise about AI’s ROI
• Neutral Sentiment: Options/derivative flows: Some traders are using defined‑risk bullish strategies (bull put spreads) betting downside is limited — signals trader interest but not a guarantee of upward price movement. Bull put spread options piece
• Neutral Sentiment: Projections and coverage: Forecast pieces (24/7 Wall St.) reiterate mixed near-term momentum after recent monthly declines but highlight longer-term upside since last year’s lows — useful context, but speculative. Snowflake price prediction
• Negative Sentiment: Insider selling: Director Frank Slootman sold 200,000 shares (~$41.4M) and reduced his stake materially — a large, recent insider sale that often weighs on sentiment and amplifies near‑term selling pressure. SEC filing: Frank Slootman sale

Analysts Set New Price Targets

SNOW has been the subject of a number of recent analyst reports. The Goldman Sachs Group set a $286.00 price objective on shares of Snowflake in a research note on Monday, January 12th. TD Cowen restated a “buy” rating on shares of Snowflake in a report on Thursday, December 4th. Rosenblatt Securities lifted their price target on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a report on Monday, December 1st. Stifel Nicolaus upped their price target on Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, KeyCorp raised their price objective on Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Price Performance

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 stock has a market capitalization of $71.72 billion, a price-to-earnings ratio of -51.87 and a beta of 1.14. The company’s 50-day simple moving average is $227.49 and its 200 day simple moving average is $228.26.

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. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The business’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Equities research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Activity

In related news, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. This trade represents a 79.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at $127,871,648.50. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 618,681 shares of company stock valued at $137,427,145. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SNOW. Trust Co. of Toledo NA OH acquired a new stake in shares of Snowflake in the second quarter worth $25,000. Avion Wealth boosted its holdings in Snowflake by 76.6% in 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 period. 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 owned by institutional investors.

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.