Snowflake Rises as AI Software Sentiment Improves and Recent Execution Stays in Focus

2026-10-09

Investivoq PriceTracker

Snowflake Inc. (SNOW) is up 4.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a rebound in AI and software shares after a prior selloff, while investors continue to lean on Snowflake’s strong September results and recent AI-related business momentum. This could also reflect confidence that Snowflake remains one of the clearer enterprise software beneficiaries of rising AI spending.

Details:

Broader AI-linked stocks traded higher early Friday as market jitters around AI revenue expectations eased, creating a more supportive backdrop for high-growth software names.

Snowflake’s most recent quarterly report showed accelerating growth, with product revenue up 37% year over year to $1.49 billion and full-year product revenue guidance raised to 36% growth.

Management highlighted continued AI adoption, including more than 9,100 accounts using CoCo and 5,800 using CoWork, reinforcing the view that new AI products are helping drive platform consumption.

Recent company announcements also kept the AI story active, including a five-year expansion with LSEG and a new flagship event centered on enterprise-wide agentic AI transformation.

Sources:

Snowflake Investor Relations, Snowflake, Charles Schwab, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SNOW Insider Trading Activity

$SNOW insiders have traded $SNOW stock on the open market 268 times in the past 6 months. Of those trades, 0 have been purchases and 268 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 107 sales selling 2,416,257 shares for an estimated $636,476,707.
BENOIT DAGEVILLE has made 0 purchases and 9 sales selling 540,819 shares for an estimated $159,084,650.
MICHAEL L SPEISER has made 0 purchases and 119 sales selling 304,446 shares for an estimated $84,566,923.
CHRISTIAN KLEINERMAN (EVP, Product Management) has made 0 purchases and 22 sales selling 146,760 shares for an estimated $45,522,780.
MARK GARRETT has made 0 purchases and 2 sales selling 150,000 shares for an estimated $42,500,200.
JONATHAN MEAD BEAULIER (Chief Revenue Officer) has made 0 purchases and 3 sales selling 22,414 shares for an estimated $6,558,546.
VIVEK RAGHUNATHAN (SVP, Engineering) has made 0 purchases and 2 sales selling 7,752 shares for an estimated $2,164,784.
EMILY HO (Chief Accounting Officer) has made 0 purchases and 2 sales selling 2,628 shares for an estimated $687,668.
TERESA BRIGGS has made 0 purchases and 2 sales selling 687 shares for an estimated $175,098.

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$SNOW Hedge Fund Activity

We have seen 817 institutional investors add shares of $SNOW stock to their portfolio, and 603 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 9,218,816 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,346,188,672
PRICE T ROWE ASSOCIATES INC /MD/ added 3,859,000 shares (+264.2%) to their portfolio in Q2 2026, for an estimated $982,115,500
MORGAN STANLEY removed 3,726,913 shares (-51.7%) from their portfolio in Q2 2026, for an estimated $948,499,358
BLACKROCK, INC. added 3,442,706 shares (+12.3%) to their portfolio in Q2 2026, for an estimated $876,168,677
WINSLOW CAPITAL MANAGEMENT, LLC removed 3,220,697 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $819,667,386
FMR LLC removed 3,093,812 shares (-28.8%) from their portfolio in Q2 2026, for an estimated $787,375,154
POINT72 ASSET MANAGEMENT, L.P. added 2,703,366 shares (+2448.7%) to their portfolio in Q2 2026, for an estimated $688,006,647

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$SNOW Congressional Stock Trading

Members of Congress have traded $SNOW stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $SNOW stock by members of Congress over the last 6 months:

REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 3 times. They made 2 purchases worth up to $65,000 on 09/04 and 1 sale worth up to $15,000 on 09/24.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 08/07.

To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

$SNOW Price Targets

Multiple analysts have issued price targets for $SNOW recently. We have seen 31 analysts offer price targets for $SNOW in the last 6 months, with a median target of $300.0.

Here are some recent targets:

Patrick Colville from Scotiabank set a target price of $320.0 on 06/08/2026
Miller Jump from Truist Securities set a target price of $300.0 on 06/05/2026
Raimo Lenschow from Barclays set a target price of $285.0 on 06/04/2026
Mark Schappel from Loop Capital set a target price of $320.0 on 06/03/2026
Karl Keirstead from UBS set a target price of $370.0 on 06/03/2026
Rob Owens from Piper Sandler set a target price of $320.0 on 06/03/2026
Steve Koenig from Macquarie set a target price of $200.0 on 06/03/2026

This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.