Snowflake (NYSE:SNOW) Trading Down 2.1% – Here’s What Happened

Snowflake Inc. (NYSE:SNOW)’s stock price fell 2.1% on Wednesday . The stock traded as low as $173.32 and last traded at $178.8310. 6,231,745 shares changed hands during trading, an increase of 4% from the average session volume of 5,997,290 shares. The stock had previously closed at $182.58.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake expanded its AI stack with a reported $200M partnership with OpenAI — a material commercial tie that pushes Snowflake deeper into enterprise AI workflows and could accelerate usage and monetization. Snowflake Expands AI Stack With $200M OpenAI Partnership
• Positive Sentiment: New customer/data integrations: Experian announced integration with Snowflake’s AI Data Cloud and RESAAS announced a connector to Snowflake — both expand addressable data sources and make Snowflake more central to enterprise data stacks. These partnerships support durable consumption of Snowflake compute and storage. Experian Announces Integration with Snowflake’s AI Data Cloud RESAAS Announces Snowflake Integration for Enterprise Real Estate Data
• Positive Sentiment: Strategists and media are flagging software names as oversold: Reuters and JPMorgan say recent AI‑driven fears created a buying opportunity in higher‑quality software stocks, and Barron’s highlights heavy short interest that could fuel a short squeeze—both narratives can support short‑term buying momentum in SNOW. AI disruption fears create buying chance in US software stocks, strategists say Software Stocks Look Primed for a Short Squeeze
• Positive Sentiment: Market sentiment is improving: headlines note a rebound in software and a nicer macro tone (Nasdaq bounce, Fear & Greed index moving toward neutral), which can help sentiment for growth names like SNOW. Nasdaq Jumps Over 200 Points As Software Stocks Rebound
• Neutral Sentiment: Coverage pieces and explainers (MSN, Yahoo) are summarizing the drivers (OpenAI tie, sector moves); they provide context but are less likely to move price by themselves. What’s Going On With Snowflake Stock Today? Snowflake OpenAI Deal Shifts Data Platform Deeper Into Enterprise AI
• Negative Sentiment: Legal risk: a securities‑law investigation by Johnson Fistel into Snowflake and certain officers was announced; any escalation or discovery of disclosure problems would be a clear near‑term negative and likely weigh on the stock while unresolved. Snowflake Inc. (SNOW) Shareholders Are Encouraged to Reach Out to Johnson Fistel

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group set a $300.00 price target on Snowflake in a research report on Monday, November 24th. Oppenheimer reaffirmed an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Zacks Research cut shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. KeyCorp increased their price target on shares of Snowflake from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Scotiabank reaffirmed an “outperform” rating 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 given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and an average target price of $274.68.

Snowflake Trading Down 2.1%

The company has a fifty day moving average of $212.50 and a 200-day moving average of $226.07. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $61.20 billion, a price-to-earnings ratio of -44.27 and a beta of 1.14.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.20 earnings per share. The business’s quarterly revenue was up 28.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $165.22, for a total transaction of $66,583.66. Following the completion of the sale, the director owned 23,718 shares of the company’s stock, valued at $3,918,687.96. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares of the company’s stock, valued at $90,927,668.59. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 613,681 shares of company stock worth $130,573,518 over the last 90 days. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its stake in Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after buying an additional 8,002 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Snowflake in the 2nd quarter worth approximately $6,845,000. Federated Hermes Inc. boosted its position in shares of Snowflake by 13.5% during the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after purchasing an additional 48,411 shares during the period. Penserra Capital Management LLC increased its holdings in Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Finally, Rheos Capital Works Inc. raised its position in Snowflake by 102.9% in the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock valued at $46,689,000 after purchasing an additional 105,000 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

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.