Snowflake (NYSE:SNOW) Stock Price Down 2.7% After Analyst Downgrade

Snowflake Inc. (NYSE:SNOW) shares were down 2.7% during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $268.00 to $245.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Snowflake traded as low as $163.77 and last traded at $168.4230. Approximately 10,236,184 shares traded hands during trading, an increase of 53% from the average daily volume of 6,680,042 shares. The stock had previously closed at $173.06.

A number of other equities research analysts have also commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Monness Crespi & Hardt lifted their price objective on shares of Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday. Canaccord Genuity Group cut their price objective on shares of Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Finally, Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research report on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $66,583.66. Following the completion of the sale, the director directly owned 23,718 shares in the company, valued at $3,918,687.96. The trade was 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 link. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the transaction, the director directly owned 50,329 shares of the company’s stock, valued at approximately $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 in the last three months. 6.80% of the stock is currently owned by company insiders.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Snowflake during the fourth quarter valued at approximately $974,091,000. Winslow Capital Management LLC acquired a new stake in shares of Snowflake in the second quarter worth approximately $725,667,000. Jennison Associates LLC increased its position in shares of Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares in the last quarter. Coatue Management LLC acquired a new position in Snowflake in the 3rd quarter valued at $441,277,000. Finally, Jericho Capital Asset Management L.P. acquired a new position in Snowflake in the 4th quarter valued at $345,619,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Down 2.7%

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 business has a fifty day simple moving average of $198.95 and a two-hundred day simple moving average of $222.58. The company has a market cap of $57.63 billion, a PE ratio of -42.64 and a beta of 1.14.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

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.