Snowflake (NYSE:SNOW) Shares Down 2.4% - What's Next?

Key Points

• Snowflake shares fell 2.4% to about $174.35 on Monday with ~3.8M shares traded (down ~40% vs. average), trading below its 50‑day (~$189.67) and 200‑day (~$221.52) moving averages.
• Analysts remain broadly positive—the consensus is a "Moderate Buy" with an average price target of $248.58, and several firms (BofA, Evercore, Deutsche Bank) recently raised targets or reiterated buy/outperform ratings.
• Snowflake beat the quarter (EPS $0.32 vs. $0.27; revenue $1.28B, +30% YoY) but stays unprofitable (net margin -28.4%); insiders have been net sellers, offloading ~713,732 shares (~$144.5M) in the last 90 days.

Snowflake Inc. (NYSE:SNOW - Get Free Report)'s stock price was down 2.4% on Monday . The company traded as low as $173.71 and last traded at $174.3540. Approximately 3,795,586 shares changed hands during trading, a decline of 40% from the average daily volume of 6,295,188 shares. The stock had previously closed at $178.66.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Stifel Nicolaus set a $205.00 price target on Snowflake in a research note on Thursday, February 26th. Evercore boosted their target price on shares of Snowflake from $280.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, December 4th. Bank of America increased their price target on shares of Snowflake from $280.00 to $310.00 and gave the stock a "buy" rating in a research report on Monday, November 17th. Oppenheimer reissued a "buy" rating on shares of Snowflake in a research note on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Snowflake from $250.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, December 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.58.

Snowflake Stock Performance

The firm has a market cap of $59.66 billion, a P/E ratio of -44.14 and a beta of 1.17. 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 company's 50 day moving average is $189.67 and its 200 day moving average is $221.52.

Snowflake (NYSE:SNOW - Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company's revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Snowflake news, Director Frank Slootman sold 2,042 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $372,542.48. Following the completion of the transaction, the director owned 47,558 shares of the company's stock, valued at $8,676,481.52. This represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christian Kleinerman sold 550 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $182.44, for a total value of $100,342.00. Following the completion of the transaction, the executive vice president owned 501,835 shares of the company's stock, valued at $91,554,777.40. This represents a 0.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 713,732 shares of company stock worth $144,510,676 in the last 90 days. Insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. increased its position in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company's stock valued at $340,000 after acquiring an additional 40 shares during the period. Diligent Investors LLC lifted its holdings in shares of Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company's stock worth $1,036,000 after purchasing an additional 40 shares during the period. Coastline Trust Co grew its stake in shares of Snowflake by 1.0% in the third quarter. Coastline Trust Co now owns 4,183 shares of the company's stock worth $943,000 after purchasing an additional 42 shares during the last quarter. CX Institutional grew its stake in shares of Snowflake by 13.2% in the third quarter. CX Institutional now owns 421 shares of the company's stock worth $95,000 after purchasing an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company's stock valued at $36,000 after purchasing an additional 49 shares during the period. Institutional investors own 65.10% of the company's stock.

About Snowflake

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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