Snowflake (NYSE:SNOW – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Rosenblatt Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $275.00 target price on the stock. Rosenblatt Securities’ price target points to a potential upside of 64.86% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Mizuho decreased their price objective on shares of Snowflake from $285.00 to $220.00 and set an “outperform” rating for the company in a report on Tuesday, February 17th. TD Cowen reduced their target price on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Oppenheimer reaffirmed a “buy” rating on shares of Snowflake in a research report on Thursday, February 26th. UBS Group reduced their price objective on shares of Snowflake from $235.00 to $210.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $250.00 target price on shares of Snowflake in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $242.19.
View Our Latest Research Report on SNOW
Snowflake Stock Down 1.6%
Snowflake (NYSE:SNOW – Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. On average, equities research analysts expect that Snowflake will post -2.16 earnings per share for the current fiscal year.
Insider Transactions at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president directly owned 533,494 shares in the company, valued at $90,699,314.94. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the transaction, the director directly owned 22,509 shares of the company’s stock, valued at $3,187,049.31. This represents a 1.76% decrease in their position. 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. Over the last quarter, insiders sold 428,963 shares of company stock worth $71,996,216. 6.80% of the stock is currently owned by insiders.
Institutional Trading of Snowflake
A number of institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank bought a new position in Snowflake during the fourth quarter worth about $974,091,000. Jennison Associates LLC grew its stake in shares of Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new position in shares of Snowflake in the 3rd quarter worth approximately $441,277,000. Jericho Capital Asset Management L.P. acquired a new position in shares of Snowflake in the 4th quarter worth approximately $345,619,000. Finally, American Century Companies Inc. lifted its position in shares of Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the period. 65.10% of the stock is currently owned by institutional investors.
Snowflake News Summary
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Bank of America raised its price target on Snowflake to $205 from $195 and reiterated a Buy rating, citing sustained enterprise demand, early traction in AI-driven workflow tools, and improved execution confidence. Snowflake seen delivering strong quarter as Bank of America lifts price target
- Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating and set a much higher $325 price target, signaling confidence that Snowflake’s AI platform growth can continue to accelerate. Benzinga report on Citizens JMP rating
- Positive Sentiment: Snowflake was included in bullish coverage around its upcoming earnings date, with investors focused on May 27 as a potential catalyst if results or guidance beat expectations. Dear Snowflake stock fans, mark your calendars for May 27
- Neutral Sentiment: Snowflake also got favorable attention from a collaboration announcement with AVEVA aimed at accelerating industrial AI and unifying IT/OT data ecosystems, which supports its longer-term platform narrative. AVEVA Announces Collaboration with Snowflake to Accelerate Industrial AI and Unify IT/OT Data Ecosystems
- Neutral Sentiment: Analysts and media noted Snowflake’s strong recent momentum, but some of the day’s move looked like a normal cooling-off period after a sharp rally rather than a company-specific setback. Why Snowflake Stock Is Falling On Wednesday?
- Negative Sentiment: Director Frank Slootman disclosed a sale of 144,650 shares, a large transaction that may raise some investor concerns even though it was made under a pre-arranged trading plan. SEC Form 4 filing
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.
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