Snowflake (NYSE:SNOW) Stock Price Down 5.6% – Time to Sell?

16 Oct 2026, 16:01 by Michael Walen · The Markets Daily

Snowflake Inc. (NYSE:SNOW – Get Free Report) traded down 5.6% during mid-day trading on Friday. The company traded as low as $320.97 and last traded at $316.3650. 514,456 shares changed hands during trading, a decline of 92% from the average session volume of 6,460,110 shares. The stock had previously closed at $335.07.

Analysts Set New Price Targets

SNOW has been the subject of several research analyst reports. Bank of America upped their price objective on Snowflake from $330.00 to $395.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. DA Davidson raised their target price on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Truist Financial set a $425.00 target price on Snowflake and gave the stock a “buy” rating in a report on Thursday, September 3rd. BTIG Research boosted their price target on shares of Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Royal Bank Of Canada boosted their price target on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. Thirty-five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Get Our Latest Stock Report on SNOW

Snowflake Price Performance

The company has a fifty day simple moving average of $333.72 and a 200-day simple moving average of $254.53. The company has a market cap of $108.97 billion, a P/E ratio of -97.63 and a beta of 1.35. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, sell-side analysts predict that Snowflake Inc. will post -1.44 earnings per share for the current year.

Insider Activity at Snowflake

In other news, Director Frank Slootman sold 102,791 shares of the company’s stock in a transaction on Monday, September 21st. The stock was sold at an average price of $335.22, for a total transaction of $34,457,599.02. Following the completion of the sale, the director directly owned 19,024 shares of the company’s stock, valued at $6,377,225.28. This represents a 84.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Jonathan Beaulier sold 755 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total value of $253,951.80. Following the sale, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,246,429 shares of company stock valued at $396,227,952 over the last ninety days. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

Hedge funds have recently bought and sold shares of the company. Goldstein Advisors LLC grew its position in Snowflake by 14.5% during the 3rd quarter. Goldstein Advisors LLC now owns 1,414 shares of the company’s stock worth $480,000 after purchasing an additional 179 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Snowflake by 87.2% in the third quarter. V Square Quantitative Management LLC now owns 848 shares of the company’s stock valued at $288,000 after purchasing an additional 395 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Snowflake by 134.5% in the third quarter. Assenagon Asset Management S.A. now owns 790,291 shares of the company’s stock valued at $268,351,000 after purchasing an additional 453,342 shares in the last quarter. RDA Financial Network lifted its holdings in shares of Snowflake by 13.4% in the third quarter. RDA Financial Network now owns 1,135 shares of the company’s stock valued at $385,000 after purchasing an additional 134 shares in the last quarter. Finally, Ninety One UK Ltd acquired a new stake in shares of Snowflake in the third quarter worth $36,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Company Profile

(Get Free Report)

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.