Snowflake (NYSE:SNOW) Cut to “Moderate Buy” at Phillip Securities

Phillip Securities lowered shares of Snowflake (NYSE:SNOW) from a strong-buy rating to a moderate buy rating in a report published on Monday,Zacks reports.

Several other equities analysts also recently commented on SNOW. Royal Bank Of Canada boosted their target price on shares of Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a report on Thursday, September 3rd. Citigroup lifted their price target on shares of Snowflake from $395.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Cantor Fitzgerald boosted their price target on shares of Snowflake from $405.00 to $430.00 and gave the stock an “overweight” rating in a research note on Thursday, September 3rd. UBS Group increased their price objective on shares of Snowflake from $425.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, September 3rd. Finally, Barclays increased their price objective on shares of Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Thirty-five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $414.24.

Snowflake Stock Down 6.6%

NYSE SNOW opened at $334.32 on Monday. The stock’s 50-day moving average price is $333.37 and its 200-day moving average price is $253.25. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. Snowflake has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a market capitalization of $117.95 billion, a P/E ratio of -105.13 and a beta of 1.35.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business’s quarterly revenue was up 35.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. On average, equities research analysts predict that Snowflake will post -1.44 earnings per share for the current year.

Insider Transactions at Snowflake

In related news, Director Michael Speiser sold 50,338 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $16,312,532.28. Following the completion of the transaction, the director directly owned 26,036 shares of the company’s stock, valued at approximately $8,437,226.16. This trade represents a 65.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares in the company, valued at approximately $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,246,429 shares of company stock valued at $396,227,952 over the last quarter. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Snowflake

Institutional investors have recently made changes to their positions in the company. FNY Investment Advisers LLC purchased a new position in Snowflake during the 2nd quarter valued at $1,399,000. Silicon Valley Capital Partners grew its position in Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock valued at $15,801,000 after acquiring an additional 8,208 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Snowflake by 105.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock valued at $14,017,000 after acquiring an additional 47,601 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in shares of Snowflake by 96.6% during the fourth quarter. Temasek Holdings Private Ltd now owns 368,528 shares of the company’s stock valued at $80,840,000 after purchasing an additional 181,101 shares during the period. Finally, Diversify Wealth Management LLC boosted its stake in shares of Snowflake by 395.3% during the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock valued at $17,371,000 after purchasing an additional 98,172 shares during the period. Institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Broader data and AI ecosystem: Snowflake continues expanding its platform through integrations and partner validations. UiPath’s expanded two-way integration is designed to keep enterprise data within Snowflake while enabling automation and AI agents, potentially strengthening customer retention and the company’s data-platform moat. Can Snowflake’s UiPath Integration Deepen Its Data Moat Or Blur Its AI Strategy?
• Positive Sentiment: Partner and customer adoption: Treasure AI received Snowflake Ready Technology Validation, while InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences. ATTOM also introduced Semantic Views for its property data delivered through Snowflake, making complex real-estate information easier to query and analyze. These announcements support Snowflake’s positioning as infrastructure for governed enterprise data and AI use cases. Treasure AI Achieves Snowflake Ready Technology Validation InsuranceMarket.ae Builds Trusted Data Foundation on Snowflake ATTOM Introduces Semantic Views for Property Data in Snowflake
• Neutral Sentiment: Snowflake’s Chief Data and AI Officer said enterprises are moving AI projects from experimentation into production, emphasizing governance, security and trusted data. The comments reinforce the long-term opportunity but did not provide new financial guidance. Snowflake’s Anahita Tafvizi on Scaling AI From Experiments to Production
• Negative Sentiment: Valuation concerns: Analysts and commentators questioned whether Snowflake’s valuation can be supported by its sales growth, despite substantial recent gains and enthusiasm around AI. One analysis also noted potential risks in the economics of its AI business, increasing sensitivity to execution and future growth. Snowflake Stock Looks Fully Priced Is Snowflake Stock Riskier Than It Looks?
• Negative Sentiment: Brokerage downgrade: Phillip Securities lowered Snowflake from “strong buy” to “moderate buy,” reinforcing concerns that the stock’s elevated valuation leaves less room for disappointment. Snowflake Stock Bumped Down to Moderate Buy by Phillip Securities

About Snowflake

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.