Key Points
- Snowflake CAO Emily Ho sold 2,141 shares on March 23 at an average price of $173.97 for about $372,470, reducing her stake by 4.59% to 44,553 shares (valued ≈ $7.75M); the sale was disclosed on an SEC Form 4.
- Snowflake beat quarterly estimates with $0.32 EPS (vs. $0.27) and revenue of $1.28B (+30.1% YoY) but remains unprofitable (ROE −50.61%, net margin −28.43%) and analysts forecast a full‑year EPS of −2.36.
- Shares are under short‑term pressure amid sector volatility and recent insider sales, yet analysts maintain a consensus "Moderate Buy" with a $248.58 target, while multiple class‑action notices add legal headline risk.
Snowflake Inc. (NYSE:SNOW - Get Free Report) CAO Emily Ho sold 2,141 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $173.97, for a total value of $372,469.77. Following the transaction, the chief accounting officer directly owned 44,553 shares in the company, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Snowflake Stock Down 0.7%
SNOW opened at $160.28 on Thursday. The business has a 50 day moving average price of $181.49 and a 200 day moving average price of $218.10. Snowflake Inc. has a twelve month low of $120.10 and a twelve month high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.37 and a current ratio of 1.30. The firm has a market cap of $54.85 billion, a P/E ratio of -40.58 and a beta of 1.16.
Snowflake (NYSE:SNOW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $0.30 earnings per share. The company's revenue for the quarter was up 30.1% compared to the same quarter last year. Research analysts forecast that Snowflake Inc. will post -2.36 EPS for the current year.
Hedge Funds Weigh In On Snowflake
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Grey Fox Wealth Advisors LLC bought a new stake in Snowflake in the third quarter valued at about $25,000. Tripletail Wealth Management LLC acquired a new position in Snowflake in the third quarter worth about $28,000. Kemnay Advisory Services Inc. bought a new position in Snowflake during the fourth quarter worth about $28,000. Greenline Wealth Management LLC bought a new position in Snowflake during the fourth quarter worth about $29,000. Finally, SJS Investment Consulting Inc. boosted 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 valued at $30,000 after purchasing an additional 130 shares in the last quarter. 65.10% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently commented on SNOW shares. Morgan Stanley dropped their target price on shares of Snowflake from $270.00 to $245.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Snowflake in a report on Wednesday, January 21st. Wedbush reiterated an "outperform" rating and issued a $270.00 price objective on shares of Snowflake in a research note on Thursday, December 4th. TD Cowen cut their price objective on Snowflake from $270.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, February 26th. Finally, KeyCorp cut their price objective on Snowflake from $285.00 to $235.00 and set an "overweight" rating for the company in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Snowflake presently has an average rating of "Moderate Buy" and a consensus target price of $248.58.
Check Out Our Latest Stock Analysis on SNOW
Key Headlines Impacting Snowflake
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Snowflake’s Project SnowWork and bullish coverage: MarketBeat highlights the company’s new agentic AI platform (Project SnowWork) as a potential catalyst that ties Snowflake’s data platform to enterprise AI workflows and cites analyst price targets implying significant upside. Snowflake’s AI Bet: Can Project SnowWork Stop the 2026 SaaS Sell-Off Spiral?
- Positive Sentiment: Partnerships & ecosystem momentum: Snowflake was named partner in new product launches and standards initiatives (e.g., NINJIO partnership for reporting and Denodo joining the Open Semantic Interchange), which support product adoption and positioning in the enterprise AI/data market. NINJIO Partners with Snowflake and Sigma to Launch NINJIO Insights Denodo Joins Snowflake and Industry Leaders
- Neutral Sentiment: Analyst/industry writeups note strong revenue growth and AI tailwinds but also rising cloud competition; these pieces provide context for longer‑term upside while acknowledging near‑term headwinds. Snowflake Expands in Cloud Analytics: A Sign for More Upside?
- Negative Sentiment: Insider selling headlines: Reports that the founder/CAO and other executives sold shares this week have been widely reported and are being tied directly to a sharp intraday drop; SEC Form 4 filings confirm recent sales by EVP Christian Kleinerman and CAO Emily Ho. Snowflake (SNOW) Stock Drops 7% Following Insider Sales by Founder and CAO
- Negative Sentiment: Multiple law firms and class‑action notices: Several plaintiff firms (Rosen, Levi & Korsinsky, Pomerantz, Schall, etc.) have issued investor alerts and filings related to a purported class period, with an April 27, 2026 lead‑plaintiff deadline—creating legal risk and headline pressure. ROSEN Encourages Snowflake Investors to Secure Counsel
- Negative Sentiment: Broader SaaS/AI market volatility: Sector‑wide selling—amplified by new AI agent capabilities from vendors like Anthropic—has pressured SaaS valuations, contributing to short‑term outflows and volatility for Snowflake alongside peers. Workday, Elastic, Snowflake, nCino, and Appian Shares Plummet
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.
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