Snowflake (NYSE:SNOW) Director Michael Speiser Sells 50,338 Shares

Snowflake Inc. (NYSE:SNOW) Director Michael Speiser sold 50,338 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the transaction, the director directly owned 30,236 shares of the company’s stock, valued at approximately $5,297,044.84. This represents a 62.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Snowflake Trading Up 1.2%

Shares of SNOW stock opened at $182.63 on Tuesday. The firm’s 50-day simple moving average is $193.01 and its 200-day simple moving average is $222.05. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake Inc. has a 1-year low of $120.10 and a 1-year high of $280.67. The firm has a market cap of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17.

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

Institutional Inflows and Outflows

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

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Wall Street Analyst Weigh In

SNOW has been the subject of a number of research analyst reports. TD Cowen dropped their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Royal Bank Of Canada set a $245.00 target price on Snowflake in a report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Snowflake from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. cut their price objective on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Jefferies Financial Group set a $300.00 price objective on Snowflake in a research note on Monday, November 24th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and an average target price of $248.58.

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.