Snowflake Inc. Snowflake Inc. (SNOW) is putting a familiar face in charge of its revenue engine. The company said Tuesday it has named Jonathan Beaulier as its new chief revenue officer, effective at the end of March 2026. He’ll be taking over from Mike Gannon, who is stepping down for personal reasons.

This isn’t a hire from the outside. Beaulier is a company veteran who joined Snowflake back in 2016. He’ll now be the one leading the AI data cloud company’s revenue and go-to-market teams, a crucial role as Snowflake continues to execute its growth strategy.

Guidance Stays the Course

Separately, and perhaps just as importantly for investors, Snowflake reaffirmed its financial guidance. The company said it’s sticking with the outlook for the first quarter and the full 2027 fiscal year that it issued back on February 25, 2026, alongside its fourth-quarter results.

Those Q4 results were pretty solid. The company posted revenue of $1.28 billion and adjusted earnings of 34 cents per share, both beating what analysts were expecting. Total revenue and product revenue each grew 30% compared to the same period a year ago. Its remaining performance obligations—a measure of future revenue under contract—jumped 42% to $9.77 billion.

Looking ahead, Snowflake is projecting first-quarter product revenue between $1.26 billion and $1.27 billion. That would represent year-over-year growth of about 27%. The company also guided for an adjusted operating margin of 9% for Q1 and 12.5% for the full fiscal year.

Technical Analysis: The Charts Tell a Different Story

Here’s where things get interesting. The company’s financial performance seems healthy, but the stock chart is telling a more cautious tale. Snowflake shares are currently trading 12.1% below their 20-day simple moving average and a more significant 27.7% below their 100-day moving average. That keeps both the short-term and intermediate-term trends pointed lower.

Over the past 12 months, the stock is up just under 3%, but it’s still sitting much closer to its 52-week low than its high. The Relative Strength Index (RSI) is at 35.53, which is technically in neutral territory but leans more toward indicating weak momentum rather than setting up for a classic oversold bounce. The MACD indicator is at -6.0191 and remains below its signal line at -4.3788, a configuration that suggests bearish pressure is still in control.

Put simply, the technical picture suggests sellers still have the upper hand unless the stock price can reclaim some key trend levels.

• Key Resistance: N/A
• Key Support: $135.50

Earnings & Analyst Outlook: The Next Big Date

The next major event for the stock is expected to be its earnings report, estimated for May 20, 2026. The current consensus estimates are looking for a loss of 5 cents per share, which would be down from earnings of 24 cents per share a year ago. Revenue, however, is expected to grow to $1.32 billion, up from $1.04 billion in the prior-year period.

Despite the recent stock weakness, the analyst community still leans bullish. The stock carries a consensus Buy rating with an average price target of $239.93. That said, several analysts did lower their price targets following the February earnings report:

• Macquarie: Neutral (Lowers Target to $177.00) (February 26)
• JP Morgan: Overweight (Lowers Target to $245.00) (February 26)
• Canaccord Genuity: Buy (Lowers Target to $240.00) (February 26)

Top ETF Exposure: When Funds Move, Snowflake Feels It

Snowflake isn't just a stock you buy individually; it's a key holding in several exchange-traded funds. This creates a mechanical relationship where fund flows can directly impact the stock's price through automatic buying or selling. Some of the ETFs with notable Snowflake weightings include:

• JPMorgan US Tech Leaders ETF (JTEK): 3.53% Weight
• Dana Unconstrained Equity ETF (DUNK): 8.20% Weight
• Twin Oak Endure ETF (SPYA): 8.75% Weight

Because Snowflake carries such heavy weight in these funds, significant investor money moving into or out of the ETFs can trigger automatic trades in the stock itself.

Price Action

On the day of the announcement, Snowflake shares were down 2.90%, trading at $149.21.