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

Shares of Snowflake Inc. (NYSE:SNOW) have earned an average recommendation of “Moderate Buy” from the forty-two brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, thirty-three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $248.5789.

SNOW has been the subject of several recent research reports. Argus upgraded Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Thursday, January 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $250.00 price objective on shares of Snowflake in a report on Monday, February 23rd. Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research report on Monday, November 24th. UBS Group dropped their price target on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Finally, DA Davidson cut their price target on Snowflake from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, February 26th.

Snowflake Trading Up 0.8%

Shares of SNOW stock opened at $178.60 on Tuesday. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a market capitalization of $61.12 billion, a PE ratio of -45.22 and a beta of 1.16. The firm has a 50 day moving average price of $189.67 and a two-hundred day moving average price of $221.37. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, analysts predict that Snowflake will post -2.36 earnings per share for the current year.

Insider Activity

In related news, EVP Christian Kleinerman sold 550 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $182.44, for a total value of $100,342.00. Following the transaction, the executive vice president owned 501,835 shares in the company, valued at approximately $91,554,777.40. This trade represents a 0.11% 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. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $70,601.57. Following the completion of the transaction, the director directly owned 23,315 shares of the company’s stock, valued at approximately $4,084,554.85. This trade represents a 1.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 713,732 shares of company stock worth $144,510,676. 6.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after acquiring an additional 1,448,094 shares during the period. Jennison Associates LLC increased its stake in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. State Street Corp increased its stake in Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after acquiring an additional 94,293 shares during the last quarter. Nuveen LLC raised its position in Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after purchasing an additional 116,521 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after purchasing an additional 652,485 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported robust product momentum: product revenues rose to $1.22B in Q4 and management is guiding Q1 FY27 revenue growth of ~27% YoY — a clear near‑term revenue catalyst supporting upside expectations. Read More.
• Positive Sentiment: Analyst bullishness — Canaccord and other firms continue to show conviction (consensus target ~ $240 per the note), keeping a majority of covering analysts constructive and implying material upside versus current levels. Read More.
• Positive Sentiment: AI and market positioning — Multiple pieces (company research, Forbes/industry coverage, and a study highlighting India as an early GenAI adopter) reinforce Snowflake’s role as the “AI data cloud” provider, supporting longer‑term TAM expansion and customer adoption. Read More.
• Neutral Sentiment: Market interest and background analysis — Zacks and other outlets note Snowflake is a trending stock and provide refreshers on financials and use cases; useful context for traders but not immediate catalysts. Read More.
• Neutral Sentiment: Valuation debate — Analysts and commentators (e.g., Seeking Alpha) acknowledge strong growth but flag that valuation is not cheap, suggesting upside depends on execution and margin improvement. Read More.
• Negative Sentiment: Litigation wave — Multiple law firms have filed or announced notices related to a securities class period and April 27 lead‑plaintiff deadlines; proliferation of claims raises legal and financial overhang risk. Read More.
• Negative Sentiment: Insider/director selling — Recent Form 4 disclosures show sales by senior management and a director (including Frank Slootman and EVP Christian Kleinerman); media linked these trades to near‑term selling pressure. Read More.

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.