Snowflake Inc. (NYSE:SNOW) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Snowflake Inc. (NYSE:SNOW) have been assigned a consensus rating of “Moderate Buy” from the forty ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirty-four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $414.2432.

SNOW has been the topic of a number of research analyst reports. DA Davidson increased their price target on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Barclays lifted their price objective on Snowflake from $332.00 to $384.00 and gave the company an “equal weight” rating in a research report on Thursday. Oppenheimer boosted their price objective on Snowflake from $400.00 to $475.00 and gave the stock an “outperform” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Snowflake from $300.00 to $436.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Royal Bank Of Canada raised their target price on Snowflake from $372.00 to $440.00 and gave the company an “outperform” rating in a research note on Thursday.

Insider Buying and Selling

In other news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $324.06, for a total transaction of $16,312,532.28. Following the transaction, the director directly owned 26,036 shares in the company, valued at approximately $8,437,226.16. This represents a 65.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president directly owned 340,379 shares in the company, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,128,431 shares of company stock worth $317,314,470 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in Snowflake by 25,944.6% during the second quarter. California State Teachers Retirement System now owns 127,340,602 shares of the company’s stock worth $32,408,183,000 after buying an additional 126,851,670 shares during the last quarter. Norges Bank acquired a new position in shares of Snowflake during the 4th quarter worth about $974,091,000. Jericho Capital Asset Management L.P. bought a new stake in shares of Snowflake in the 4th quarter valued at about $345,619,000. William Blair Investment Management LLC increased its stake in shares of Snowflake by 159.9% in the 4th quarter. William Blair Investment Management LLC now owns 1,346,998 shares of the company’s stock valued at $295,477,000 after acquiring an additional 828,789 shares during the last quarter. Finally, Pictet Asset Management Holding SA increased its stake in shares of Snowflake by 44.7% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,600,571 shares of the company’s stock valued at $392,259,000 after acquiring an additional 803,110 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Price Performance

NYSE:SNOW opened at $338.47 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market cap of $117.31 billion, a PE ratio of -106.44 and a beta of 1.33. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56. The company’s 50-day moving average price is $299.42 and its two-hundred day moving average price is $221.73.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 47.20%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue was up 35.1% on a year-over-year basis. On average, equities analysts anticipate that Snowflake will post -1.8 EPS for the current fiscal year.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s latest results showed product revenue growth of 37% year over year, accelerating for the third consecutive quarter. Full-year product-revenue guidance was raised to approximately $6.07 billion, supporting expectations for continued growth. Prediction: Snowflake’s Product Revenue Passes $8 Billion in Fiscal 2028
• Positive Sentiment: Investors responded favorably to Snowflake’s earnings because expanding consumption and revenue provided more tangible evidence that the company is benefiting from AI adoption. This helped Snowflake outperform other AI-related software names. Snowflake and C3.ai Reported the Same Night. Only One AI Story Won
• Positive Sentiment: Wall Street’s average brokerage recommendation remains equivalent to “Buy,” and Argus raised its price target to $450, reinforcing bullish sentiment. Wall Street Bulls Look Optimistic About Snowflake
• Neutral Sentiment: Snowflake has become a heavily watched and trending stock, increasing visibility but also indicating that expectations and trading activity may be elevated. Snowflake Is a Trending Stock
• Negative Sentiment: Despite stronger growth, commentary cautions that Snowflake’s valuation is elevated after its recent rally, potentially limiting additional upside and increasing volatility. Should You Buy Snowflake Stock After Its Recent Surge?
• Negative Sentiment: Two Snowflake executives sold shares worth approximately $4.9 million and $3.8 million, respectively. The sales may raise caution after the rally, although they do not necessarily indicate a change in the company’s outlook. Snowflake EVP Sells Stock

About Snowflake

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.