Snowflake Inc. (NYSE:SNOW – Get Free Report)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $331.69 and traded as high as $337.99. Snowflake shares last traded at $334.7320, with a volume of 2,626,038 shares changing hands.
Key Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: AI and enterprise-software optimism supported the stock. Burke Wealth Management identified enterprise software as a potential AI winner in its Q3 2026 investor letter, highlighting a recovery in the sector and solid corporate earnings. The commentary adds to the bullish narrative around Snowflake’s long-term growth opportunity. Snowflake Gains as Burke Wealth Sees Enterprise Software Emerging as an AI Winner
- Positive Sentiment: Snowflake’s ecosystem continues to showcase data-sharing and AI capabilities. Optimove launched “zero-copy” customer lists that allow brands to build audiences without moving data outside their Snowflake environment. This type of integration can reinforce Snowflake’s value proposition around security, governance, and efficient data collaboration. Optimove Launches Zero Copy Customer Lists
- Positive Sentiment: Reported AI efficiency gains added to the growth case. Snowflake reportedly claims its AI model-routing technology can deliver threefold token efficiency, potentially lowering costs and improving performance for customers using multiple AI models. If validated at scale, the capability could support demand for Snowflake’s AI-related products. Snowflake Claims 3x Token Efficiency From AI Model Routing
- Neutral Sentiment: Wall Street sentiment remains bullish, but its predictive value is debated. Snowflake’s average brokerage recommendation indicates a favorable rating, although the analysis cautions that consensus recommendations can be overly optimistic and should not be treated as a standalone buy signal. Is It Worth Investing in Snowflake Based on Wall Street’s Bullish Views?
- Negative Sentiment: Insider selling and valuation risk remain overhangs. Snowflake insiders have been selling shares alongside insiders at other AI-related companies. The report says analyst support, institutional buying, and company fundamentals continue to support the broader AI trade, but insider transactions may make investors more cautious. Separate analysis also examined how far Snowflake’s stock could fall, underscoring downside and valuation concerns. Insiders Are Selling These 5 AI Stocks
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the stock. Citizens Jmp increased their price objective on shares of Snowflake from $408.00 to $488.00 and gave the stock a “market outperform” rating in a report on Thursday, September 3rd. Cantor Fitzgerald raised their price objective on shares of Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Mizuho set a $425.00 target price on shares of Snowflake in a research note on Thursday, September 3rd. KeyCorp upped their target price on shares of Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $450.00 target price on shares of Snowflake in a research report on Monday, October 12th. Thirty-six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $413.87.
Read Our Latest Report on SNOW
Snowflake Stock Up 2.9%
The firm’s 50-day simple moving average is $331.69 and its 200 day simple moving average is $237.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $118.09 billion, a P/E ratio of -105.26 and a beta of 1.35.
Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 35.1% on a year-over-year basis. On average, research analysts forecast that Snowflake Inc. will post -1.44 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $341.57, for a total value of $5,123,550.00. Following the transaction, the executive vice president owned 313,738 shares of the company’s stock, valued at approximately $107,163,488.66. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Emily Ho sold 768 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total value of $255,690.24. Following the transaction, the chief accounting officer owned 39,958 shares in the company, valued at approximately $13,303,216.94. This trade represents a 1.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,246,429 shares of company stock valued at $408,832,628 in the last ninety days. 4.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Basecamp Wealth Advisors LLC increased its stake in Snowflake by 140.5% in the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after purchasing an additional 118 shares in the last quarter. Emerald Advisers LLC raised its holdings in Snowflake by 95.2% in the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Reyes Financial Architecture Inc. acquired a new stake in Snowflake in the third quarter worth $32,000. Mather Group LLC. boosted its position in shares of Snowflake by 98.0% during the third quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after purchasing an additional 50 shares in the last quarter. Finally, Ninety One UK Ltd bought a new position in shares of Snowflake during the third quarter worth $36,000. Institutional investors and hedge funds own 65.10% of the company’s stock.
About Snowflake
Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.
Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.
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