Snowflake (NYSE:SNOW) Shares Up 2.3% on Earnings Beat

Snowflake Inc. (NYSE:SNOW)’s stock price traded up 2.3% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $184.42 and last traded at $173.03. 16,314,113 shares were traded during trading, an increase of 148% from the average session volume of 6,586,470 shares. The stock had previously closed at $169.21.

The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The business’s revenue was up 30.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 EPS.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and strong momentum — Snowflake reported fiscal Q4 revenue up ~30% and adjusted EPS above estimates; management highlighted robust product demand, cash‑flow gains and a large remaining performance obligation (RPO) backlog that supports growth. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: FY27 product revenue guide viewed as supportive — management outlined ~27% product revenue growth for fiscal 2027 and flagged AI workloads as a material demand driver, which analysts and investors see as confirmation of the company’s positioning in the enterprise AI transition. Snowflake outlines 27% product revenue growth outlook for FY ’27 while expanding AI
• Positive Sentiment: Analyst commentary and AI thesis — several firms (RBC, Wedbush, Morgan Stanley coverage noted in media) framed Snowflake as well‑positioned for enterprise AI, which provided a demand narrative supporting the rally. Snowflake Seen as ‘AI Winner’ as Companies Move More Data to AI Workflows, Wedbush Says
• Neutral Sentiment: Mixed market reaction — despite the beat, some investors focused on the guidance cadence and margin dynamics, producing mixed intraday responses in different outlets; watch execution versus the RPO-to-revenue ramp. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Multiple class‑action notices and lawsuits — several law firms (Rosen, Portnoy, Faruqi & Faruqi, Bernstein Liebhard, etc.) have publicized class actions tied to prior disclosures; legal overhang and potential litigation costs increase investor risk and can pressure sentiment. ROSEN, A LONGSTANDING LAW FIRM, Encourages Snowflake Inc Investors to Secure Counsel
• Negative Sentiment: Widespread price‑target cuts — many brokerages trimmed SNOW price targets after the print (while often keeping buy/overweight ratings), which can cap near‑term upside and contribute to volatility as analysts reset models. These Analysts Slash Their Forecasts On Snowflake After Q4 Results

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of Snowflake from $280.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. Scotiabank cut their target price on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating on the stock in a report on Thursday. Bank of America lifted their target price on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, November 17th. KeyCorp cut their price target on Snowflake from $285.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $248.58.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the transaction, the executive vice president directly owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the sale, the director directly owned 50,329 shares of the company’s stock, valued at $11,164,482.07. The trade was a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 713,681 shares of company stock worth $148,264,518. 6.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. boosted its stake in Snowflake by 2.7% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after purchasing an additional 40 shares in the last quarter. Diligent Investors LLC lifted its holdings in shares of Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the period. Coastline Trust Co boosted its stake in Snowflake by 1.0% during the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after buying an additional 42 shares in the last quarter. Wedbush Securities Inc. grew its holdings in Snowflake by 1.3% during the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after acquiring an additional 48 shares during the period. Finally, CX Institutional grew its holdings in Snowflake by 13.2% during the third quarter. CX Institutional now owns 421 shares of the company’s stock worth $95,000 after acquiring an additional 49 shares during the period. 65.10% of the stock is currently owned by institutional investors.

Snowflake Trading Up 2.3%

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 $59.21 billion, a P/E ratio of -43.81 and a beta of 1.14. The firm’s 50-day simple moving average is $200.03 and its 200 day simple moving average is $222.74.

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.