Snowflake Inc. (SNOW) — Q3 2026 Results
Revenue accelerated year-over-year while profitability remained negative. Total revenue grew to $1.21 billion, slightly above the consensus estimate of $1.20 billion, but the company reported an operating loss and a net loss for the quarter.
Cash flow and balance sheet highlights show improving cash generation but some pressure on liquidity and higher liabilities.
In short, Snowflake (SNOW) delivered healthy top-line growth and stronger operating cash flow, but the company remains unprofitable on both an operating and net basis this quarter, and diluted EPS missed expectations.
Snowflake Inc. Insider Trading Activity
Snowflake Inc. insiders have traded $SNOW stock on the open market 231 times in the past 6 months. Of those trades, 0 have been purchases and 231 have been sales.
Here’s a breakdown of recent trading of $SNOW stock by insiders over the last 6 months:
- FRANK SLOOTMAN has made 0 purchases and 67 sales selling 3,018,642 shares for an estimated $674,728,144.
- BENOIT DAGEVILLE (Founder and Chief Architect) has made 0 purchases and 21 sales selling 307,192 shares for an estimated $71,009,581.
- MICHAEL L SPEISER has made 0 purchases and 119 sales selling 304,446 shares for an estimated $69,005,717.
- CHRISTIAN KLEINERMAN (EVP, Product Management) has made 0 purchases and 16 sales selling 77,267 shares for an estimated $18,114,266.
- JEREMY BURTON has made 0 purchases and 2 sales selling 19,111 shares for an estimated $4,219,752.
- VIVEK RAGHUNATHAN (SVP, Engineering and Support) sold 11,801 shares for an estimated $2,634,195
- EMILY HO (Chief Accounting Officer) has made 0 purchases and 4 sales selling 5,801 shares for an estimated $1,260,636.
- TERESA BRIGGS sold 1,146 shares for an estimated $249,530
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
Snowflake Inc. Hedge Fund Activity
We have seen 733 institutional investors add shares of Snowflake Inc. stock to their portfolio, and 616 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KINGSTONE CAPITAL PARTNERS TEXAS, LLC removed 17,429,208 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $3,931,157,864
- FMR LLC added 3,096,316 shares (+38.6%) to their portfolio in Q3 2025, for an estimated $698,374,073
- WELLINGTON MANAGEMENT GROUP LLP added 2,400,840 shares (+208.7%) to their portfolio in Q3 2025, for an estimated $541,509,462
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 2,360,232 shares (+87.5%) to their portfolio in Q3 2025, for an estimated $532,350,327
- NORGES BANK removed 2,182,086 shares (-34.1%) from their portfolio in Q2 2025, for an estimated $488,285,384
- TWO SIGMA ADVISERS, LP removed 2,095,500 shares (-81.3%) from their portfolio in Q3 2025, for an estimated $472,640,025
- COATUE MANAGEMENT LLC added 1,956,448 shares (+inf%) to their portfolio in Q3 2025, for an estimated $441,276,846
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Snowflake Inc. Congressional Stock Trading
Members of Congress have traded $SNOW stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $SNOW stock by members of Congress over the last 6 months:
- REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 2 times. They made 2 purchases worth up to $30,000 on 06/17, 06/06 and 0 sales.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
Snowflake Inc. Analyst Ratings
Wall Street analysts have issued reports on $SNOW in the last several months. We have seen 30 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Rosenblatt issued a "Buy" rating on 12/01/2025
- Citigroup issued a "Buy" rating on 11/26/2025
- B of A Securities issued a "Buy" rating on 11/17/2025
- Mizuho issued a "Outperform" rating on 11/17/2025
- BTIG issued a "Buy" rating on 11/12/2025
- JMP Securities issued a "Market Outperform" rating on 10/28/2025
- Wedbush issued a "Outperform" rating on 10/20/2025
To track analyst ratings and price targets for Snowflake Inc., check out Quiver Quantitative's $SNOW forecast page.
Snowflake Inc. Price Targets
Multiple analysts have issued price targets for $SNOW recently. We have seen 34 analysts offer price targets for $SNOW in the last 6 months, with a median target of $275.0.
Here are some recent targets:
- Blair Abernethy from Rosenblatt set a target price of $275.0 on 12/01/2025
- Tyler Radke from Citigroup set a target price of $310.0 on 11/26/2025
- Gregg Moskowitz from Mizuho set a target price of $285.0 on 11/17/2025
- Bradley Sills from B of A Securities set a target price of $310.0 on 11/17/2025
- Gray Powell from BTIG set a target price of $312.0 on 11/12/2025
- Patrick Walravens from JMP Securities set a target price of $325.0 on 10/28/2025
- Daniel Ives from Wedbush set a target price of $270.0 on 10/20/2025
