Snowflake (NYSE:SNOW) Shares Up 1.6% – Here’s Why

Shares of Snowflake Inc. (NYSE:SNOW) rose 1.6% on Friday . The company traded as high as $183.25 and last traded at $180.33. Approximately 6,013,342 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 6,599,445 shares. The stock had previously closed at $177.45.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SNOW. Barclays cut their price target on Snowflake from $204.00 to $192.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Piper Sandler dropped their target price on shares of Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Macquarie Infrastructure increased their target price on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Bank of America raised their price target on shares of Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Finally, Citigroup decreased their price target on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The company has a fifty day moving average price of $193.81 and a 200 day moving average price of $221.95. The stock has a market cap of $61.71 billion, a P/E ratio of -45.65 and a beta of 1.16.

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

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $221.16, for a total value of $11,132,752.08. Following the transaction, the director directly owned 31,916 shares of the company’s stock, valued at approximately $7,058,542.56. This trade represents a 61.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the transaction, the executive vice president owned 471,351 shares of the company’s stock, valued at $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 662,940 shares of company stock worth $135,715,906. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Snowflake in the third quarter worth approximately $25,000. Tripletail Wealth Management LLC bought a new position in shares of Snowflake in the third quarter valued at approximately $28,000. Kemnay Advisory Services Inc. purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new position in shares of Snowflake during the fourth quarter valued at approximately $29,000. Finally, SJS Investment Consulting Inc. grew its holdings in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock worth $30,000 after buying an additional 130 shares in the last quarter. Institutional investors and hedge funds 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.