Phillip Securities lowered its rating on Snowflake to Moderate Buy on October 13, 2026. The firm remains positive about the company’s long-term prospects but signaled a more cautious near-term outlook. Snowflake remains a focus for investors because of its role in AI and data analytics.
In the prior 90 days, Snowflake insiders sold more than $396 million in shares. The sellers included Chief Accounting Officer Emily Ho and Director Frank Slootman. Investors may scrutinize insider sales as they assess the company’s valuation and future performance.