Snowflake Inc. (NYSE:SNOW) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Snowflake Inc. (NYSE:SNOW) have received an average rating of “Moderate Buy” from the forty research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $242.1892.

A number of research firms recently commented on SNOW. Wells Fargo & Company decreased their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Oppenheimer reissued a “buy” rating on shares of Snowflake in a report on Thursday, February 26th. Monness Crespi & Hardt boosted their price objective on shares of Snowflake from $275.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Zacks Research raised shares of Snowflake from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Bank of America raised its price target on Snowflake to $205 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and better execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 target, reflecting confidence that Snowflake’s AI platform growth can keep accelerating. Benzinga report on Citizens JMP rating
• Positive Sentiment: Snowflake is gaining investor attention ahead of its next earnings report, with traders looking for a catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
• Positive Sentiment: Recent coverage says Snowflake is expanding its AI ecosystem through partnerships and product integrations, which could support longer-term enterprise adoption and revenue growth. Snowflake Expands AI Ecosystem As Partnerships Deepen Everyday Enterprise Workflows
• Neutral Sentiment: Analysts and media have highlighted Snowflake’s strong customer growth and AI partnerships, but also pointed to heavier competition from Alphabet and Amazon. Snowflake Rides on Growing Customer Base: More Upside Ahead?
• Neutral Sentiment: Some commentary suggests the stock’s recent weakness was more of a pause after a strong run than a sign of a new company-specific problem. Why Snowflake Stock Is Falling On Wednesday?
• Negative Sentiment: Director Frank Slootman disclosed a large share sale, which can weigh on sentiment even though it was made under a pre-arranged trading plan. SEC Form 4 filing

Insider Buying and Selling at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of Snowflake stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total transaction of $8,818,714.22. Following the completion of the transaction, the director owned 30,236 shares in the company, valued at approximately $5,297,044.84. The trade was a 62.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vivek Raghunathan sold 3,876 shares of Snowflake stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total transaction of $592,252.80. Following the transaction, the senior vice president owned 273,323 shares of the company’s stock, valued at approximately $41,763,754.40. The trade was a 1.40% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 428,963 shares of company stock worth $71,996,216. 6.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. purchased a new stake in Snowflake during the fourth quarter worth approximately $28,000. Greenline Wealth Management LLC purchased a new stake in Snowflake during the fourth quarter worth approximately $29,000. GoalVest Advisory LLC grew its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after buying an additional 93 shares during the period. Physician Wealth Advisors Inc. grew its stake in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the period. Finally, Emerald Advisers LLC grew its stake in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake Trading Up 3.9%

NYSE SNOW opened at $171.98 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $59.45 billion, a PE ratio of -43.54 and a beta of 1.08. Snowflake has a one year low of $118.30 and a one year high of $280.67. The firm’s fifty day moving average is $153.88 and its two-hundred day moving average is $193.16.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. Snowflake’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. Analysts expect that Snowflake will post -2.16 earnings per share for the current year.

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.