Snowflake (NYSE:SNOW) Trading Up 2.5% – Time to Buy?

Snowflake Inc. (NYSE:SNOW)’s stock price was up 2.5% during mid-day trading on Thursday . The stock traded as high as $223.60 and last traded at $221.59. Approximately 4,742,890 shares were traded during trading, a decline of 10% from the average daily volume of 5,246,944 shares. The stock had previously closed at $216.29.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake Ventures led a strategic equity financing in AtScale, signaling continued investment in the partner/ecosystem layer (semantics/agentic AI) that could expand integration and future revenue channels. Read More. Read More.
• Neutral Sentiment: Snowflake released its Q3 2026 financial results; investors should review the quarter’s revenue, retention/cohort metrics and guidance for signals about durable growth. Read More.
• Neutral Sentiment: Increased retail/institutional attention: Zacks notes heavy investor searches for SNOW, which can drive short-term volatility and volume without changing fundamentals. Read More.
• Negative Sentiment: A Snowflake software update triggered a widespread outage lasting roughly 13 hours across ~10 regions, affecting many customers and raising questions about operational risk, SLAs and resilience — a near-term reputational and revenue-risk event. Read More. Read More.
• Negative Sentiment: Prominent TV commentator Jim Cramer warned Snowflake’s recent decline looks like a “cohort” problem — an explicit call to watch customer retention and cohort economics, which would be a meaningful profit-growth risk if true. Read More.
• Negative Sentiment: Insider selling: a Snowflake director sold about $1.64M of stock; media noted the share drop that followed. Insider sales aren’t definitive but can pressure sentiment and short-term price action. Read More. Read More.

Wall Street Analysts Forecast Growth

SNOW has been the subject of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and set a $237.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Wedbush reaffirmed an “outperform” rating and issued a $270.00 target price on shares of Snowflake in a research note on Thursday, December 4th. UBS Group reissued a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Cowen restated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Finally, Citigroup decreased their price objective on Snowflake from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.32.

Snowflake Stock Up 0.6%

The stock has a fifty day moving average price of $247.74 and a 200-day moving average price of $227.67. The firm has a market cap of $76.18 billion, a PE ratio of -55.11 and a beta of 1.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 28.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Research analysts expect that Snowflake Inc. will post -2.36 EPS for the current year.

Insider Buying and Selling

In related news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $257.30, for a total transaction of $12,951,967.40. Following the transaction, the director directly owned 33,596 shares of the company’s stock, valued at approximately $8,644,250.80. The trade was a 59.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $223.88, for a total transaction of $2,238,800.00. Following the completion of the sale, the executive vice president directly owned 532,450 shares of the company’s stock, valued at $119,204,906. This trade represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 221,537 shares of company stock worth $53,336,395. Company insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SNOW. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Snowflake during the 2nd quarter valued at about $6,845,000. Kingstone Capital Partners Texas LLC bought a new position in Snowflake during the second quarter valued at approximately $3,900,134,000. Bank of Hawaii acquired a new stake in Snowflake in the first quarter valued at approximately $1,019,000. Goldstream Capital Management Ltd acquired a new stake in Snowflake in the second quarter valued at approximately $3,801,000. Finally, Newbridge Financial Services Group Inc. grew its position in Snowflake by 81.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 20,141 shares of the company’s stock worth $4,507,000 after acquiring an additional 9,052 shares in the last quarter. Hedge funds and other 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.