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

Snowflake (NYSE:SNOW) was downgraded by investment analysts at Phillip Securities from a “strong-buy” rating to a “moderate buy” rating in a research report issued on Monday, Zacks reports.

SNOW has been the topic of a number of other reports. KeyCorp raised their price target on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Bank of America upped their price objective on Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft set a $400.00 price objective on Snowflake in a research note on Thursday, September 3rd. Piper Sandler reiterated an “overweight” rating and set a $450.00 target price (up from $320.00) on shares of Snowflake in a research report on Thursday, September 3rd. Finally, Stifel Nicolaus lifted their target price on Snowflake from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Thirty-five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $414.24.

Snowflake Stock Performance

Shares of SNOW opened at $356.53 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. Snowflake has a one year low of $118.30 and a one year high of $384.56. The firm has a market capitalization of $125.78 billion, a P/E ratio of -112.12 and a beta of 1.35. The business has a fifty day moving average of $333.03 and a 200 day moving average of $252.04.

Snowflake (NYSE:SNOW) last announced its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The firm’s revenue was up 35.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, sell-side analysts anticipate that Snowflake will post -1.46 EPS for the current year.

Insider Buying and Selling

In related news, EVP Christian Kleinerman sold 25,000 shares of Snowflake stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael 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 value 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 position. 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 1,246,429 shares of company stock worth $396,227,952 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several institutional investors have recently made changes to their positions in the company. Sax Wealth Advisors LLC acquired a new position in Snowflake during the 3rd quarter valued at about $1,352,000. Fermata Advisors LLC raised its stake in Snowflake by 4.9% in the third quarter. Fermata Advisors LLC now owns 893 shares of the company’s stock valued at $303,000 after buying an additional 42 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in Snowflake by 2.8% in the third quarter. NorthCrest Asset Manangement LLC now owns 7,477 shares of the company’s stock worth $2,568,000 after acquiring an additional 203 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in Snowflake by 1.5% in the third quarter. Mirador Capital Partners LP now owns 30,299 shares of the company’s stock worth $10,288,000 after acquiring an additional 434 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC acquired a new stake in Snowflake in the third quarter worth about $239,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake continues expanding its AI and data-platform ecosystem. UiPath integration, Treasure AI’s Snowflake Ready validation, and ATTOM’s launch of Semantic Views for property data could increase platform usage and reinforce Snowflake’s position as a governed data foundation for enterprise AI. Snowflake UiPath Integration Treasure AI Snowflake Validation ATTOM Semantic Views
• Positive Sentiment: Management says enterprises are moving AI projects from experimentation into production, supporting demand for Snowflake’s data governance, security, workflow automation, and agent capabilities. The appointment of database scientist Jeff Naughton as a Technical Fellow may also strengthen long-term product development. Snowflake Scaling AI Interview Jeff Naughton Joins Snowflake
• Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $450 price target, indicating that at least one analyst believes Snowflake’s AI-driven growth opportunity remains underappreciated. Needham Snowflake Rating
• Neutral Sentiment: InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences, providing another customer-use-case signal but no disclosed financial impact. InsuranceMarket Snowflake Customer
• Neutral Sentiment: Snowflake’s strong recent performance has drawn significant investor attention, with bullish commentary focused on AI as a demand engine for enterprise data workloads. However, these reports largely reinforce existing expectations rather than introduce a new catalyst. Snowflake AI Demand Engine
• Negative Sentiment: Valuation is the primary pressure on SNOW. Analysts note that the stock’s substantial six-month and multi-year gains have outpaced traditional sales and profitability metrics, while Snowflake remains GAAP-unprofitable. Phillip Securities downgraded the shares from Strong Buy to Moderate Buy, adding to caution after the recent rally. Snowflake Fully Priced Phillip Securities Snowflake Downgrade
• Negative Sentiment: Recent commentary also warns that AI adoption may not translate into immediate or proportional revenue growth, making the stock vulnerable to profit-taking if growth or guidance falls short of elevated expectations. Snowflake Risk Analysis

Snowflake Company Profile

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.