Snowflake (NYSE:SNOW) Stock Price Up 2.2% – Should You Buy?

Posted by Geri Gentry on Sep 19th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report)’s share price rose 2.2% during mid-day trading on Thursday . The stock traded as high as $344.66 and last traded at $338.2510. Approximately 4,286,256 shares traded hands during trading, a decline of 36% from the average daily volume of 6,737,804 shares. The stock had previously closed at $331.02.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Analysts are raising earnings expectations for Snowflake, a trend that typically supports stock momentum. The average Wall Street price target implies roughly 28.7% upside, although target prices are not guarantees. Surging Earnings Estimates Signal Upside for Snowflake Stock
Positive Sentiment: Product revenue reportedly increased 37% in fiscal second quarter, driven by AI adoption, greater platform consumption and enterprise expansion. The acceleration strengthens Snowflake’s competitive position against larger technology providers. Snowflake Product Revenue Accelerates
Positive Sentiment: Snowflake’s chief executive said the platform is evolving from data storage into a source of business insights, while Daasity launched an MCP AI server that turns Snowflake data into governed business intelligence. These developments provide additional evidence of commercial AI use cases. Snowflake CEO on Business Insights
Neutral Sentiment: Snowflake has attracted substantial online and investor attention. That may increase trading interest, but attention alone does not change the company’s fundamentals. Snowflake Attracting Investor Attention
Negative Sentiment: Snowflake reduced its fiscal 2027 non-GAAP product gross-margin guidance to 74%, citing a growing mix of lower-margin AI workloads. If AI usage expands faster than pricing or efficiency improves, revenue growth could continue to pressure profitability. What Happens if AI Keeps Costing Snowflake Margin
Negative Sentiment: Several executives and directors sold shares under pre-arranged plans, primarily to cover tax withholding on vested equity. Although these sales are not necessarily bearish, multiple insider transactions can weigh on sentiment after a substantial rally. Snowflake Insider Selling
Negative Sentiment: Commentary warns that Snowflake’s valuation already reflects significant AI success while the company remains unprofitable. Any slowdown in growth or further margin deterioration could trigger a sharper pullback. Snowflake Valuation and AI Growth Risks

Wall Street Analyst Weigh In

Several equities analysts have commented on SNOW shares. Rosenblatt Securities increased their price objective on shares of Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Jefferies Financial Group set a $430.00 price objective on Snowflake and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Loop Capital lifted their price objective on shares of Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $380.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Argus boosted their price target on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, September 4th. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $414.24.

Check Out Our Latest Research Report on SNOW

Snowflake Trading Down 1.9%

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $117.08 billion, a PE ratio of -104.35 and a beta of 1.33. The company’s 50 day moving average price is $311.99 and its two-hundred day moving average price is $231.51.

Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%.The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts expect that Snowflake Inc. will post -1.57 earnings per share for the current year.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frank Slootman sold 289,685 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $274.39, for a total value of $79,486,667.15. Following the completion of the transaction, the director directly owned 28,535 shares of the company’s stock, valued at $7,829,718.65. The trade was a 91.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,045,087 shares of company stock worth $314,431,792. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SNOW. Wellington Altus USA Inc. acquired a new stake in Snowflake during the 2nd quarter valued at approximately $102,000. Anchor Investment Management LLC bought a new stake in shares of Snowflake during the second quarter valued at approximately $76,000. Sequoia Financial Advisors LLC lifted its holdings in Snowflake by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company’s stock worth $10,078,000 after purchasing an additional 4,927 shares during the period. MCF Advisors LLC raised its stake in shares of Snowflake by 1,557.9% in the 2nd quarter. MCF Advisors LLC now owns 315 shares of the company’s stock worth $80,000 after buying an additional 296 shares in the last quarter. Finally, National Pension Service lifted its stake in Snowflake by 3.3% during the second quarter. National Pension Service now owns 690,349 shares of the company’s stock valued at $175,694,000 after purchasing an additional 21,915 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

About Snowflake

(Get Free Report)

Snowflake Inc (NYSE: SNOW) is a cloud-based data platform company that helps organizations store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and business intelligence across public cloud environments.

Snowflake’s Data Cloud enables customers to consolidate and access structured, semi-structured and unstructured data while supporting secure data sharing and collaboration. Its offerings include Snowflake Cortex, which provides artificial intelligence and machine-learning capabilities, as well as tools for developing data applications and using data from Snowflake’s marketplace and partner ecosystem.

Founded in 2012, Snowflake serves businesses, government organizations and other institutions globally through cloud infrastructure provided by major public-cloud platforms.