SNOW Snowflake Inc.

bullish track record → $150.82 -2.85 (-1.9%)
Mkt Cap $53B 52wk $120.10 - $280.67 Earnings beating
bullish for 1d | 15 signals · latest 4d ago | updated 26d ago
Bullish n=61
Insider selling: $1,125,955,143 sold by 16 insiders (30d)
Est. revisions: -4.7% (11 up, 24 down in 30d)
Backed by structured data (insider trades, analyst ratings, or filings)

Citi upgrades despite AI spending doubts; execution risk remains

structured data adequate signal density n=61
Factors: -0.30 est. revisions -0.62 momentum -0.63 analyst

Watch: Q1 FY2027 guidance on net dollar retention, customer churn, and Cortex AI consumption trends. The OpenAI partnership is headline risk; the metric that matters is whether Cortex AI drives measurable incremental workload growth or remains a feature without meaningful upsell velocity.

Full analysis

Snowflake reported Q4 product sales of $1.23 billion (up 30% YoY) and added 733 high-value customers on February 25, rebounding from a brutal 30% mid-month selloff driven by earnings-beat disappointment and sector-wide AI spending hesitation. The $200 million multiyear OpenAI partnership — announced February 2 and giving Snowflake's 12,600 customers direct access to OpenAI models through Cortex AI — shifted the narrative from near-term margin pressure to long-term AI workload expansion. Citi, which cut its price target from $300 to $270 on February 18, reversed course and raised it to $280 with a maintained Buy rating, signaling Wall Street now sees AI adoption tailwinds outweighing execution risk. Remaining performance commitments surged 42% to $9.77 billion, locking in future revenue, but the 15-quarter beat streak masks a critical question: will customers actually consume incremental Cortex AI, or does the partnership validate the platform without driving material upsell expansion?

Snowflake's path hinges on whether the OpenAI deal translates into incremental consumption and churn suppression. The $9.77 billion backlog is real revenue ammunition, but Citi's price target swing (from $300 to $270 to $280 in three weeks) reveals deep uncertainty about near-term margin recovery and AI spending durability. The upgrade to $280 reflects conviction that consolidated AI spend on Snowflake beats the bolt-on model competitors are pursuing — but the stock's 30% February drawdown proved the market punishes execution misses harshly, especially on guidance or churn.

Get alerted when SNOW changes direction

Why We're Bullish

net -2.1
Estimate Revisions
-0.3
estimates -4.7% in 30d
Insider Activity
+0.0
net neutral
Price Momentum
-0.6
-8.8% 30d return
Analyst Revisions
-0.6
downgrades > upgrades
Narrative Gap
-0.5
news more bearish than data

Compare

vs NVDA vs AMD vs AAPL vs TSLA vs MSFT vs META vs GOOGL vs AMZN vs TSM vs ASML
Snowflake Inc. Technology · Software - Application
Mkt Cap
$53B
Beta
1.21
52w Range
$120.10 - $280.67
Short Interest
13.6M 4.08%
Days to Cover
2.0 +4%
Technicals downtrend
vs 20d MA
-10.0%
vs 50d MA
-14.1%
from 52w Hi
-44.5%
Vol (20d)
49%
1w return
-11.8%
1m return
-8.8%
3m return
-31.4%
Vol ratio
0.9x
Insiders
selling 0B / 12S
Earnings
beating 4B / 0M
EPS Estimate
$0.32 -4.7% 30d 11up / 24dn
Est. Dispersion
35% 41 analysts
Analyst Target
$239 $176 - $500
Options P/C
0.55 2C / 0P unusual
Insider Cluster
strong sell 0B / 6S
Fund Convergence
strong Citadel, D.E. Shaw, Coatue, Soros, Bridgewater
Financials
Revenue
$1.3B +30% YoY
FCF
$763M
Gross Margin
67%
Op Margin
-25%
Momentum: stable
Top Holders
Citadel $1.7B
D.E. Shaw $667M
Coatue $544M
Soros $20M
Bridgewater $4M
Recent Filings & Data
earnings 4
EPS 0.24 (est 0.21211) · +0.1%
EPS 0.35 (est 0.26646) · +0.3%
EPS 0.35 (est 0.31114) · +0.1%
EPS 0.32 (est 0.27169) · +0.2%
insider trade 140
net selling · $1,125,955,143 sold
16 insiders · 140 transactions (30d)
Recent transactions
KLEINERMAN CHRISTIAN · sell · $523,565
SLOOTMAN FRANK · sell · $1,380,627
DAGEVILLE BENOIT · sell · $336,477
KLEINERMAN CHRISTIAN · sell · $100,342
SLOOTMAN FRANK · sell · $372,542
DAGEVILLE BENOIT · sell · $763,147
SPEISER MICHAEL L · sell · $8,889,350
KLEINERMAN CHRISTIAN · sell · $1,650,100
RAMASWAMY SRIDHAR · award
DAGEVILLE BENOIT · award
KLEINERMAN CHRISTIAN · award
RAGHUNATHAN VIVEK · award
GANNON MICHAEL S · award
SLOOTMAN FRANK · exercise · $888,000
SLOOTMAN FRANK · sell · $17,690,823
SPEISER MICHAEL L · sell · $8,383,608
SPEISER MICHAEL L · award
KLEINERMAN CHRISTIAN · sell · $1,970,900
SLOOTMAN FRANK · exercise · $1,776,000
SLOOTMAN FRANK · sell · $41,353,984
KLEINERMAN CHRISTIAN · sell · $2,199,000
SPEISER MICHAEL L · sell · $11,221,993
RAGHUNATHAN VIVEK · sell · $2,601,353
KLEINERMAN CHRISTIAN · other
HO EMILY · sell · $239,731
DAGEVILLE BENOIT · sell · $195,141
KLEINERMAN CHRISTIAN · sell · $585,647
HO EMILY · sell · $130,624
SLOOTMAN FRANK · sell · $44,366,315
SLOOTMAN FRANK · sell · $1,641,814
DAGEVILLE BENOIT · sell · $406,204
KLEINERMAN CHRISTIAN · sell · $632,039
SLOOTMAN FRANK · other
DAGEVILLE BENOIT · other
SLOOTMAN FRANK · sell · $445,057
DAGEVILLE BENOIT · sell · $181,774
KLEINERMAN CHRISTIAN · sell · $122,374
SPEISER MICHAEL L · sell · $11,703,634
KLEINERMAN CHRISTIAN · sell · $2,495,300
DAGEVILLE BENOIT · exercise · $337,000
DAGEVILLE BENOIT · other
DAGEVILLE BENOIT · sell · $6,241,250
DAGEVILLE BENOIT · sell · $6,611,250
HO EMILY · award
SPEISER MICHAEL L · sell · $13,055,811
KLEINERMAN CHRISTIAN · sell · $4,152,300
DAGEVILLE BENOIT · sell · $6,625,000
DAGEVILLE BENOIT · sell · $6,150,000
ROBINS BRIAN G · award
KLEINERMAN CHRISTIAN · sell · $1,250,000
SPEISER MICHAEL L · sell · $11,195,996
SPEISER MICHAEL L · sell · $702,370
DAGEVILLE BENOIT · sell · $5,866,000
KLEINERMAN CHRISTIAN · sell · $2,238,800
RAGHUNATHAN VIVEK · sell · $2,634,196
SLOOTMAN FRANK · other
HO EMILY · sell · $373,473
DAGEVILLE BENOIT · sell · $200,287
KLEINERMAN CHRISTIAN · sell · $601,783
DAGEVILLE BENOIT · sell · $5,484,000
SLOOTMAN FRANK · sell · $1,670,583
DAGEVILLE BENOIT · sell · $423,011
KLEINERMAN CHRISTIAN · sell · $658,189
SLOOTMAN FRANK · sell · $433,841
DAGEVILLE BENOIT · sell · $241,993
KLEINERMAN CHRISTIAN · sell · $122,675
SPEISER MICHAEL L · sell · $11,408,892
DAGEVILLE BENOIT · sell · $5,573,000
KLEINERMAN CHRISTIAN · sell · $2,335,000
DAGEVILLE BENOIT · other
DAGEVILLE BENOIT · exercise · $84,250
SLOOTMAN FRANK · exercise · $6,305,537
SLOOTMAN FRANK · sell · $163,651,011
DAGEVILLE BENOIT · sell · $1,375,688
DAGEVILLE BENOIT · exercise · $252,750
DAGEVILLE BENOIT · other
DAGEVILLE BENOIT · sell · $3,615,188
DAGEVILLE BENOIT · sell · $5,375,000
SPEISER MICHAEL L · sell · $10,589,145
KLEINERMAN CHRISTIAN · sell · $2,160,000
SLOOTMAN FRANK · exercise · $2,273,688
SLOOTMAN FRANK · sell · $58,161,056
DAGEVILLE BENOIT · other
DAGEVILLE BENOIT · exercise · $108,610
DAGEVILLE BENOIT · sell · $5,365,825
DAGEVILLE BENOIT · exercise · $18,500
DAGEVILLE BENOIT · sell · $5,545,750
SLOOTMAN FRANK · exercise · $3,766,860
SLOOTMAN FRANK · sell · $94,712,453
SPEISER MICHAEL L · sell · $11,237,559
SLOOTMAN FRANK · exercise · $3,256,864
SLOOTMAN FRANK · sell · $80,249,159
BRIGGS TERESA · sell · $249,530
BURTON JEREMY · award
SPEISER MICHAEL L · award
ULLAL JAYSHREE · award
KRAMER KELLY A · award
GARRETT MARK S · award
BRIGGS TERESA · award
MCLAUGHLIN MARK D · award
SLOOTMAN FRANK · exercise · $4,542,626
SLOOTMAN FRANK · sell · $112,567,591
KLEINERMAN CHRISTIAN · sell · $2,188,900
DAGEVILLE BENOIT · sell · $5,621,000
SLOOTMAN FRANK · exercise · $6,494,424
SLOOTMAN FRANK · sell · $161,374,982
KLEINERMAN CHRISTIAN · sell · $1,125,000
BURTON JEREMY · exercise · $341,449
HO EMILY · sell · $341,193
BURTON JEREMY · sell · $4,219,753
SLOOTMAN FRANK · other
DAGEVILLE BENOIT · sell · $182,587
KLEINERMAN CHRISTIAN · sell · $547,761
SLOOTMAN FRANK · sell · $1,517,152
DAGEVILLE BENOIT · sell · $397,696
KLEINERMAN CHRISTIAN · sell · $618,800
HO EMILY · sell · $545,970
SLOOTMAN FRANK · sell · $390,316
DAGEVILLE BENOIT · sell · $115,058
KLEINERMAN CHRISTIAN · sell · $115,058
SPEISER MICHAEL L · sell · $10,724,364
KLEINERMAN CHRISTIAN · sell · $3,056,700
SCARPELLI MICHAEL P · exercise · $3,552,000
SCARPELLI MICHAEL P · sell · $82,142,381
GARRETT MARK S · exercise · $250,580
BURTON JEREMY · exercise · $452,992
HO EMILY · sell · $1,000,700
BURTON JEREMY · sell · $4,157,800
GARRETT MARK S · sell · $13,331,660
SLOOTMAN FRANK · sell · $17,585,542
KLEINERMAN CHRISTIAN · sell · $445,596
HO EMILY · sell · $372,465
DAGEVILLE BENOIT · sell · $148,589
DAGEVILLE BENOIT · award
KLEINERMAN CHRISTIAN · award
HO EMILY · award
ROBINS BRIAN G · award
RAGHUNATHAN VIVEK · award
GANNON MICHAEL S · award
RAMASWAMY SRIDHAR · award

Evidence

4d ago Mercor competitor Deccan AI raises $25M, sources experts from India yahoo-finance
5d ago Insider award by ROBINS BRIAN G (SNOW): undisclosed value
5d ago Insider award by RAGHUNATHAN VIVEK (SNOW): undisclosed value
5d ago Insider award by RAMASWAMY SRIDHAR (SNOW): undisclosed value
5d ago Insider award by GANNON MICHAEL S (SNOW): undisclosed value
6d ago Insider award by HO EMILY (SNOW): undisclosed value
6d ago Insider award by DAGEVILLE BENOIT (SNOW): undisclosed value
6d ago Insider award by KLEINERMAN CHRISTIAN (SNOW): undisclosed value
7 older signals
8d ago Insider sell by SLOOTMAN FRANK (SNOW): $17,585,542
10d ago Insider sell by GARRETT MARK S (SNOW): $13,331,660
10d ago Insider exercise by BURTON JEREMY (SNOW): $452,992
10d ago Insider exercise by GARRETT MARK S (SNOW): $250,580
10d ago Insider sell by SCARPELLI MICHAEL P (SNOW): $82,142,381
10d ago Insider exercise by SCARPELLI MICHAEL P (SNOW): $3,552,000
10d ago Insider sell by SPEISER MICHAEL L (SNOW): $10,724,364

Get alerted when SNOW changes direction.