Snowflake (NYSE:SNOW) Stock Price Down 4.8% After Insider Selling

Snowflake Inc. (NYSE:SNOW)’s share price was down 4.8% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $159.52 and last traded at $165.00. Approximately 17,256,386 shares traded hands during trading, an increase of 216% from the average daily volume of 5,464,803 shares. The stock had previously closed at $173.24.

Specifically, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the transaction, the executive vice president directly owned 461,351 shares of the company’s stock, valued at $90,927,668.59. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

A number of equities research analysts have commented on SNOW shares. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Thursday, January 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Needham & Company LLC restated a “buy” rating and set a $280.00 target price on shares of Snowflake in a research note on Thursday, December 4th. Wells Fargo & Company upped their target price on shares of Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $275.58.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced a multi‑year, $200 million partnership to bring OpenAI models (e.g., GPT family) natively into its platform — this can drive meaningful compute consumption if customers run those models on Snowflake data. Read More.
• Positive Sentiment: New product releases (Cortex Code, Semantic View Autopilot, Snowflake Postgres) broaden use cases and reduce friction for enterprise AI projects, which should support higher long‑term consumption. Read More.
• Positive Sentiment: Customer traction: United Rentals rolled out a Snowflake‑built Business Intelligence Agent across 1,600+ branches — a concrete example of enterprise adoption that can translate into recurring consumption. Read More.
• Neutral Sentiment: Market commentary is mixed — analysts generally remain constructive, but investors want evidence (upward guidance or faster AI consumption) rather than headlines; the “show‑me” moment will be upcoming guidance/earnings. Read More.
• Negative Sentiment: Insider selling: EVP Christian Kleinerman sold 10,000 shares recently — an SEC Form 4 disclosure that can add short‑term selling pressure. Read More.
• Negative Sentiment: Legal risk: Johnson Fistel launched an investigation into whether Snowflake or its officers complied with securities laws, increasing uncertainty and headline risk. Read More.
• Negative Sentiment: Shares have fallen more than peers amid profit‑taking and AI skepticism — traders are worried about rising costs from running large models versus near‑term margin impact. Read More.

Snowflake Stock Down 4.8%

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 $56.46 billion, a P/E ratio of -40.84 and a beta of 1.14. The company has a fifty day moving average price of $219.07 and a 200-day moving average price of $227.23.

Snowflake (NYSE:SNOW) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 28.7% compared to the same quarter last year. As a group, research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Snowflake

Large investors have recently bought and sold shares of the business. Trust Co. of Toledo NA OH purchased a new position in shares of Snowflake in the 2nd quarter worth $25,000. Avion Wealth lifted its holdings in shares of Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares during the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in Snowflake in the third quarter worth about $25,000. Tripletail Wealth Management LLC purchased a new position in Snowflake in the third quarter worth about $28,000. Finally, Rossby Financial LCC increased its stake in Snowflake by 4,233.3% during the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock worth $29,000 after acquiring an additional 127 shares during 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.