Snowflake (NYSE:SNOW) Trading Up 2% – What’s Next?
by Jessica Moore · The Cerbat GemSnowflake Inc. (NYSE:SNOW – Get Free Report)’s stock price traded up 2% during mid-day trading on Tuesday . The stock traded as high as $163.08 and last traded at $160.80. 8,499,633 shares traded hands during trading, an increase of 39% from the average session volume of 6,125,217 shares. The stock had previously closed at $157.60.
Snowflake News Roundup
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake struck a multi-year, $200 million partnership with OpenAI to integrate OpenAI models into its Cortex AI platform, letting customers run advanced models directly on their own data — a catalyst for higher usage, monetization of AI workloads, and competitive differentiation. Read More.
- Positive Sentiment: Product expansion: Snowflake’s Cortex Code CLI now supports non‑Snowflake data sources (starting with dbt and Apache Airflow), reducing developer friction and broadening where Snowflake’s AI tooling can be used — abelt to accelerate adoption across engineering stacks. Read More.
- Positive Sentiment: Customer traction: Wolfspeed expanded its use of Snowflake to unify factory, supply chain and enterprise data; Snowflake also cited projects with sports organizations — tangible enterprise adoption that supports revenue growth narratives. Read More.
- Neutral Sentiment: Near-term event risk: Snowflake reports fiscal Q4 2026 results after the close on Feb. 25; investors will watch revenue growth, margins and guidance for signs of stabilization in enterprise spending. This creates short-term volatility potential. Read More.
- Neutral Sentiment: Analyst adjustments: BTIG lowered its price target from $312 to $235 but kept a “buy” rating — a sign analysts are tempering upside assumptions while still bullish on longer-term AI-driven growth. Read More.
- Neutral Sentiment: Pre-earnings takeaways: Several outlet pieces (Zacks, other previews) highlight that an expanding partner/customer base could help Q4 results, but emphasize competition and AI execution as the main variables. Read More.
- Negative Sentiment: Fund selling/valuation worry: Artisan Mid Cap Fund sold its Snowflake position citing elevated valuation, a sign some active managers are trimming exposure into rallies — a potential source of selling pressure. Read More.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Morgan Stanley set a $270.00 price objective on Snowflake in a research note on Thursday, February 19th. Macquarie Infrastructure raised their price objective on shares of Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. Wells Fargo & Company boosted 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, Citizens Jmp raised their price target on shares of Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 28th. Two 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 MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $265.63.
Get Our Latest Report on Snowflake
Snowflake Stock Performance
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 firm has a market capitalization of $55.03 billion, a P/E ratio of -39.80 and a beta of 1.14. The company’s 50 day moving average is $203.13 and its 200-day moving average is $223.68.
Snowflake (NYSE:SNOW – Get Free Report) last posted 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. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business’s revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share. As a group, equities analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.
Insider Buying and Selling at Snowflake
In other news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the director owned 23,718 shares in the company, valued at $3,918,687.96. The trade was a 1.67% 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 valued at $148,264,518. Insiders own 6.80% of the company’s stock.
Institutional Trading of Snowflake
Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Snowflake in the 4th quarter worth approximately $974,091,000. Winslow Capital Management LLC purchased a new position in shares of Snowflake during the 2nd quarter valued at $725,667,000. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after acquiring an additional 2,519,413 shares during the period. Coatue Management LLC bought a new position in shares of Snowflake during the 3rd quarter worth $441,277,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Snowflake in the 4th quarter worth about $345,619,000. Institutional investors own 65.10% of the company’s stock.
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.