Key Points
- Director Michael L. Speiser sold 50,338 shares at an average price of $175.19 for a total of $8,818,714.22 on March 6, cutting his stake by 62.47% to 30,236 shares (about $5.30M).
- Snowflake beat the latest quarter expectations with $0.32 EPS vs. $0.27 expected and revenue of $1.28B (up 30.1% YoY), but remains unprofitable with a negative net margin (-28.43%) and negative ROE (-48.5%), and analysts expect -2.36 EPS for the fiscal year.
- Investor sentiment is mixed: bullish AI-related analyst coverage and large new institutional stakes contrast with multiple securities class‑action lawsuits and notable insider selling, which could increase legal and sentiment-related risk.
Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Michael Speiser sold 50,338 shares of Snowflake stock in a transaction on Friday, March 6th. The stock was sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the sale, the director directly owned 30,236 shares in the company, valued at $5,297,044.84. This trade represents a 62.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Snowflake Stock Performance
Shares of SNOW stock opened at $182.63 on Tuesday. 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's fifty day moving average price is $193.01 and its two-hundred day moving average price is $222.05. The firm has a market capitalization of $62.50 billion, a P/E ratio of -46.23 and a beta of 1.17. Snowflake Inc. has a 12 month low of $120.10 and a 12 month high of $280.67.
Snowflake (NYSE:SNOW - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.25 billion. During the same period last year, the firm earned $0.30 earnings per share. The company's revenue was up 30.1% on a year-over-year basis. On average, research analysts anticipate that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.
Key Headlines Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
- Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
- Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
- Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
- Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser
Institutional Investors Weigh In On Snowflake
A number of institutional investors have recently made changes to their positions in SNOW. Norges Bank acquired a new stake in shares of Snowflake during the fourth quarter worth $974,091,000. Winslow Capital Management LLC bought a new stake in shares of Snowflake during the 2nd quarter valued at about $725,667,000. Jennison Associates LLC grew its position 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 valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC acquired a new stake in Snowflake during the third quarter worth about $441,277,000. Finally, Jericho Capital Asset Management L.P. acquired a new stake in Snowflake during the fourth quarter worth about $345,619,000. 65.10% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on SNOW shares. Guggenheim restated a "neutral" rating on shares of Snowflake in a report on Wednesday, February 18th. TD Cowen reduced their target price on Snowflake from $270.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, February 26th. Bank of America lifted their price target on shares of Snowflake from $280.00 to $310.00 and gave the stock a "buy" rating in a research note on Monday, November 17th. BTIG Research cut their price target on shares of Snowflake from $312.00 to $235.00 and set a "buy" rating on the stock in a report on Monday, February 23rd. Finally, Scotiabank cut their price target on shares of Snowflake from $290.00 to $205.00 and set a "sector outperform" rating on the stock in a report on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of "Moderate Buy" and a consensus price target of $248.58.
Get Our Latest Stock Analysis on SNOW
About Snowflake
(
Get Free Report)
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.
Further Reading
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