Snowflake Inc. (NYSE:SNOW) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Snowflake Inc. (NYSE:SNOW) have been given an average rating of “Moderate Buy” by the forty-one analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $414.24.

SNOW has been the subject of a number of research analyst reports. Citizens Jmp upped their price objective on shares of Snowflake from $408.00 to $488.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. BTIG Research increased their price objective on shares of Snowflake from $340.00 to $424.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Mizuho set a $425.00 price objective on shares of Snowflake in a report on Thursday, September 3rd. Phillip Securities raised shares of Snowflake to a “strong-buy” rating in a research note on Sunday, September 27th. Finally, Cantor Fitzgerald lifted their price objective on Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd.

Insiders Place Their Bets

In other Snowflake news, CAO Emily Ho sold 768 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $332.93, for a total transaction of $255,690.24. Following the completion of the transaction, the chief accounting officer directly owned 39,958 shares in the company, valued at $13,303,216.94. This represents a 1.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Beaulier sold 755 shares of Snowflake stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total value of $253,951.80. Following the transaction, the executive directly owned 211,619 shares of the company’s stock, valued at approximately $71,180,166.84. The trade was a 0.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,297,513 shares of company stock worth $409,402,070 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Large investors have recently made changes to their positions in the company. MV Capital Management Inc. acquired a new stake in shares of Snowflake in the fourth quarter valued at about $32,000. Polaris Financial Partners bought a new position in Snowflake during the third quarter worth about $51,000. Copos Capital S.a r.l. bought a new position in Snowflake during the fourth quarter worth about $35,000. SHP Wealth Management acquired a new position in Snowflake during the fourth quarter worth approximately $39,000. Finally, Basecamp Wealth Advisors LLC increased its position in Snowflake by 140.5% during the first quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after buying an additional 118 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Stock Down 0.2%

Shares of Snowflake stock opened at $341.40 on Friday. The stock has a market capitalization of $120.45 billion, a P/E ratio of -107.36 and a beta of 1.35. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $325.16 and a two-hundred day moving average price of $242.75. Snowflake has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business posted $0.35 EPS. Snowflake’s revenue was up 35.1% compared to the same quarter last year. Equities analysts expect that Snowflake will post -1.46 earnings per share for the current year.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: An analyst argues that Snowflake’s AI-fueled growth and consumption-based business model could support approximately 25% additional upside, reinforcing the bullish case after the stock’s roughly 50% advance. Snowflake Is Already Up 50%. One Analyst Still Sees 25% Further Upside.
• Positive Sentiment: Snowflake is promoting its AI Data Cloud and “agentic enterprise” strategy, potentially strengthening expectations for future AI-related demand and customer adoption. Snowflake lays out what is business needs to be truly agentic
• Positive Sentiment: A 30-day trial offering with up to $400 in incentives could help broaden customer adoption of Snowflake’s AI Data Cloud, although the effect on near-term revenue is uncertain. Snowflake will give you 30 days and up to $400 to try its AI Data Cloud
• Neutral Sentiment: Snowflake’s revenue growth remains strong and stock-based compensation is declining as a percentage of sales, but investors continue to question whether free cash flow can grow quickly enough to offset the economic cost of employee equity awards. Can Snowflake’s Growth Outrun Its Stock Compensation Bill?
• Negative Sentiment: Executives disclosed sizable stock sales: EVP Christian Kleinerman sold $5.1 million of shares, while director Michael Speiser sold approximately $17.5 million across two transactions. The trades were made under pre-arranged Rule 10b5-1 plans, reducing their signal as discretionary bearish bets, but still add supply and may concern investors.
• Negative Sentiment: Snowflake announced an upsized $3.75 billion convertible senior-notes offering. The financing increases liquidity but may create future dilution and reflects the risks associated with funding growth through convertible debt. Snowflake Announces Upsized $3.75 Billion Convertible Senior Notes
• Negative Sentiment: Shares have decreased since the latest earnings report despite revenue and EPS exceeding estimates, indicating that valuation, guidance or post-earnings expectations remain hurdles for the stock. Why Is Snowflake Down Since Last Earnings Report?

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.