Snowflake (NYSE:SNOW) Trading Up 1.6% – Time to Buy?

Shares of Snowflake Inc. (NYSE:SNOW) traded up 1.6% during trading on Wednesday . The company traded as high as $223.05 and last traded at $216.1440. 4,755,895 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 4,198,078 shares. The stock had previously closed at $212.75.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long?term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI?driven energy operations, reinforcing go?to?market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer?term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

Analyst Ratings Changes

A number of research analysts have recently commented on SNOW shares. JMP Securities boosted their price target on shares of Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Jefferies Financial Group set a $300.00 target price on Snowflake in a research note on Monday, November 24th. BTIG Research reiterated a “buy” rating and set a $312.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Scotiabank reissued an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Finally, Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 target price on the stock in a research note on Thursday, January 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $275.58.

Snowflake Stock Down 3.4%

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’s 50 day moving average price is $223.34 and its 200-day moving average price is $227.90. The company has a market cap of $65.93 billion, a PE ratio of -47.69 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 earnings per share. On average, analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current year.

Insider Activity

In other news, CAO Emily Ho sold 1,072 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $223.63, for a total value of $239,731.36. Following the transaction, the chief accounting officer owned 43,809 shares in the company, valued at approximately $9,797,006.67. This trade represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’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 sale, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This represents a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 613,681 shares of company stock valued at $136,052,145. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Snowflake

Large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Snowflake during the second quarter valued at approximately $944,895,000. Winslow Capital Management LLC purchased a new stake in shares of Snowflake in the 2nd quarter worth about $725,667,000. Jennison Associates LLC boosted its stake 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 purchasing an additional 2,519,413 shares in the last quarter. Coatue Management LLC purchased a new position in shares of Snowflake during the third quarter valued at about $441,277,000. Finally, American Century Companies Inc. raised its stake in Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

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.