Snowflake (NYSE:SNOW) Stock Price Down 5.1% Following Analyst Downgrade

Snowflake Inc. (NYSE:SNOW)’s share price was down 5.1% on Tuesday after Barclays downgraded the stock from an overweight rating to an equal weight rating. Barclays now has a $250.00 price target on the stock, down from their previous price target of $290.00. Snowflake traded as low as $207.50 and last traded at $209.1070. Approximately 8,020,285 shares were traded during mid-day trading, an increase of 74% from the average daily volume of 4,616,528 shares. The stock had previously closed at $220.28.

A number of other equities research analysts have also recently commented on the company. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, November 26th. Oppenheimer reiterated an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Sanford C. Bernstein restated a “market perform” rating and set a $237.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, The Goldman Sachs Group set a $286.00 price target on shares of Snowflake in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $275.58.

Insider Activity at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the sale, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their position. The sale 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 the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $249.53, for a total value of $2,495,300.00. Following the transaction, the executive vice president directly owned 512,450 shares in the company, valued at $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 418,681 shares of company stock worth $96,073,145 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: Analyst upgrade highlights stronger revenue visibility — Seeking Alpha reports a double upgrade to “Buy”, citing RPO up ~37% y/y to $7.88B and 125% net revenue retention, driven by scaled account expansion and AI demand, supporting longer-term growth expectations. Snowflake: Buy The Dip On Lower Valuation And Rising RPO (Upgrade)
• Positive Sentiment: New coverage from Goldman Sachs initiated at “Buy” with a $250 price target, signaling institutional confidence and additional analyst support for SNOW’s medium-term upside. Goldman Sachs coverage via Zacks
• Positive Sentiment: Market commentary positions Snowflake as a leading cross‑cloud play for AI, noting improved analyst sentiment, institutional buying, and potential 25–50% upside as demand for cloud‑agnostic data platforms grows. 5 AI Stocks Positioned to Win, No Matter What (SNOW)
• Positive Sentiment: Strategic M&A — Snowflake plans to acquire Observe, which should strengthen observability and monitoring for Snowflake customers and could deepen product stickiness if integration goes smoothly. Snowflake To Buy Observe: 5 Things To Know
• Positive Sentiment: Third‑party ecosystem activity — Yuki launched a 14‑day free trial of its Snowflake optimization in production, showing partner activity and ecosystem demand for cost/performance tools. Yuki Launches a 14-Day Free Trial That Runs Full Snowflake Optimization in Production
• Neutral Sentiment: General investor attention summary from Zacks notes increased interest and warrants awareness of catalysts and risks — useful context but not an immediate directional driver. Snowflake Inc. (SNOW) is Attracting Investor Attention
• Negative Sentiment: Barclays downgraded SNOW from “Overweight” to “Equal Weight” and cut its price target from $290 to $250, which triggered near‑term selling pressure despite the remaining upside implied by the new PT. Reports covered via The Fly/Benzinga/MSN. Barclays downgrades Snowflake (SNOW)

Institutional Investors Weigh In On Snowflake

A number of large investors have recently made changes to their positions in SNOW. Vanguard Group Inc. lifted its stake in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in Snowflake in the second quarter worth approximately $3,900,134,000. Jennison Associates LLC raised its position in Snowflake by 13.5% in the third quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after acquiring an additional 1,083,222 shares during the period. State Street Corp boosted its stake in shares of Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock worth $1,541,120,000 after acquiring an additional 94,293 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Snowflake by 15.2% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after acquiring an additional 652,485 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake Stock Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The stock has a market cap of $71.56 billion, a P/E ratio of -51.76 and a beta of 1.14. The business’s 50-day moving average price is $237.57 and its 200-day moving average price is $229.14.

Snowflake (NYSE:SNOW) last released its 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. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the business earned $0.20 earnings per share. Snowflake’s quarterly revenue was up 28.7% compared to the same quarter last year. As a group, sell-side analysts expect that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

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.