Snowflake (NYSE:SNOW) Stock Price Down 5.6% – Time to Sell?

Posted by Brenda Bartman on Oct 16th, 2026

Snowflake Inc. (NYSE:SNOW – Get Free Report) shares dropped 5.6% during trading on Friday. The stock traded as low as $320.97 and last traded at $316.3650. 514,456 shares changed hands during trading, a decline of 92% from the average daily volume of 6,460,110 shares. The stock had previously closed at $335.07.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays boosted their target price on shares of Snowflake from $332.00 to $384.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Canaccord Genuity Group lifted their price target on Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. The Goldman Sachs Group boosted their price objective on Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. UBS Group boosted their price objective on Snowflake from $425.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $425.00 price target on Snowflake in a report on Thursday, September 3rd. Thirty-five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Check Out Our Latest Stock Report on Snowflake

Snowflake Stock Down 7.8%

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $108.97 billion, a PE ratio of -97.63 and a beta of 1.35. The business’s 50-day simple moving average is $333.72 and its 200-day simple moving average is $254.53.

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 the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the firm earned $0.35 EPS. The business’s revenue for the quarter was up 35.1% on a year-over-year basis. As a group, equities research analysts anticipate that Snowflake Inc. will post -1.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the completion of the transaction, the executive vice president directly owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $274.39, for a total transaction of $79,486,667.15. Following the sale, the director directly owned 28,535 shares in the company, valued at $7,829,718.65. This represents a 91.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,246,429 shares of company stock valued at $396,227,952. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in SNOW. Nvwm LLC lifted its stake in shares of Snowflake by 0.6% in the 3rd quarter. Nvwm LLC now owns 6,215 shares of the company’s stock worth $2,110,000 after acquiring an additional 37 shares during the period. Myecfo LLC boosted its holdings in shares of Snowflake by 4.1% in the third quarter. Myecfo LLC now owns 968 shares of the company’s stock valued at $329,000 after acquiring an additional 38 shares in the last quarter. Fermata Advisors LLC boosted its holdings in shares of Snowflake by 4.9% in the third quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock valued at $303,000 after acquiring an additional 42 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Snowflake by 15.6% during the second quarter. Parkside Financial Bank & Trust now owns 334 shares of the company’s stock valued at $85,000 after acquiring an additional 45 shares during the period. Finally, Tsfg LLC increased its stake in shares of Snowflake by 27.8% during the second quarter. Tsfg LLC now owns 230 shares of the company’s stock valued at $59,000 after acquiring an additional 50 shares during the period. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Snowflake Company Profile

(Get Free Report)

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.