NEW YORK, December 31, 2025, 21:17 ET — Market closed
- Snowflake shares fell 1.2% to $219.36, after trading between $218.70 and $222.35.
- SEC filings highlighted a planned officer sale (Form 144) and a corrected insider-sale disclosure (Form 4/A).
- U.S. stocks reopen Jan. 2; traders are lining up early-January data and the next earnings date.
Snowflake Inc. (SNOW) shares fell 1.2% on Wednesday to $219.36, leaving the stock near the low end of the day’s $218.70-$222.35 range in the final U.S. session of 2025.
The move matters because Snowflake sits in a high-growth pocket of software where valuations tend to swing with rate expectations and liquidity. Year-end trading can exaggerate those moves as funds rebalance and investors trim positions.
Company-specific headlines were limited, but a cluster of new insider filings put share sales and transfers back on traders’ screens. Those disclosures can draw scrutiny even when they reflect routine diversification, tax planning or compensation-related vesting.
U.S. stocks ended the day lower, with the S&P 500 down 0.74%, the Nasdaq down 0.76% and the Dow down 0.63% as volumes ran below the recent average, Reuters reported. “I do not expect that the last few days will have so much bearing on the performance of the next year,” said Giuseppe Sette, co-founder and president of Reflexivity. Reuters
Other data-and-AI software names also slipped: Datadog fell 1.1%, Palantir Technologies dropped 1.7% and MongoDB eased 0.3%.
Snowflake ended 2025 up about 43% year to date, but well below its 52-week high near $281, according to market data. The stock has traded between roughly $120 and $281 over the past year.
A Form 144 filing — a notice that an affiliate intends to sell shares under SEC Rule 144 — listed officer Vivek Raghunathan as seeking to sell 11,801 shares, with an aggregate market value of about $2.6 million. The filing said the shares came from restricted stock vesting in December, which is when equity awards convert into shares once conditions are met.
In a separate Form 4/A filing, EVP Christian Kleinerman amended a disclosure of a Dec. 23 sale to report 2,611 shares sold at $224.30. The amendment said the trade was carried out under a Rule 10b5-1 plan — a prearranged schedule for insider transactions — and corrected an earlier share count.
Kleinerman also filed a Form 4 on Dec. 30 showing share transfers among trusts, including a 100,000-share transfer into a grantor retained annuity trust, commonly used in estate planning. The filing showed no cash proceeds.
Snowflake has been trying to keep investor focus on product revenue — the largely recurring sales tied to use of its data platform — as customers expand AI-related workloads. Earlier in December, the company forecast fourth-quarter product revenue growth of 27%, below the prior quarter’s pace, Reuters reported.
Before the next session, U.S. equity markets will reopen on Friday, Jan. 2, after shutting for New Year’s Day. The macro calendar picks up next week, with the ISM manufacturing survey due Monday, Jan. 5, and the U.S. employment report scheduled for Jan. 9.
For Snowflake, traders will also watch for a confirmed date for the next earnings report and any update on product-revenue growth and operating margin targets. Third-party calendars currently cluster that event in late February to early March, with one listing March 4 after the close and another estimating Feb. 25 based on prior reporting patterns.
Technically, the stock is hovering around $220 after testing the high-$218 area on Wednesday, while remaining below its 50-day moving average near $245. That leaves investors watching whether SNOW can reclaim the low-$220s or breaks back toward recent lows.
