HSBC upgraded shares of Snowflake (NYSE:SNOW – Free Report) to a strong-buy rating in a research report report published on Friday,Zacks.com reports.
Other equities research analysts have also issued research reports about the company. Citizens Jmp restated a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. Barclays increased their price target on Snowflake from $192.00 to $272.00 and gave the stock an “equal weight” rating in a report on Thursday. Needham & Company LLC increased their price target on Snowflake from $200.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group increased their price target on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Benchmark increased their price target on Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Snowflake presently has a consensus rating of “Moderate Buy” and an average price target of $284.38.
Get Our Latest Report on Snowflake
Snowflake Stock Up 7.0%
Snowflake (NYSE:SNOW – Get Free Report) last announced its earnings results on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 49.29% and a negative net margin of 23.79%.The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. Equities research analysts anticipate that Snowflake will post -2.16 EPS for the current year.
Insider Activity
In other news, Director Frank Slootman sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $233.42, for a total value of $93,368,000.00. Following the transaction, the director owned 38,046 shares in the company, valued at $8,880,697.32. This trade represents a 91.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $175.19, for a total value of $8,818,714.22. Following the completion of the transaction, the director owned 30,236 shares in the company, valued at $5,297,044.84. This represents a 62.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 889,413 shares of company stock worth $176,342,125 over the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of SNOW. Brighton Jones LLC lifted its holdings in shares of Snowflake by 90.0% in the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after purchasing an additional 29,320 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Snowflake by 24.0% in the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock valued at $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Snowflake by 29.7% in the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock valued at $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC bought a new position in shares of Snowflake in the second quarter valued at approximately $221,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after purchasing an additional 1,521 shares in the last quarter. 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 beat Q1 expectations, raised product revenue guidance, and pointed to stronger demand for its AI offerings, reinforcing the growth story. Article Title
- Positive Sentiment: The company’s $6 billion AWS partnership is being viewed as a major AI infrastructure catalyst that could deepen enterprise adoption. Article Title
- Positive Sentiment: Analysts raised price targets and maintained bullish ratings after the earnings report, signaling growing confidence in SNOW’s upside. Article Title
- Positive Sentiment: Snowflake is being repriced as a key “agentic AI” data platform, with investors seeing it as foundational infrastructure for enterprise AI workflows. Article Title
- Neutral Sentiment: Director Frank Slootman disclosed a pre-arranged share sale under a 10b5-1 trading plan, which is noteworthy but not necessarily a negative signal on the business. Article Title
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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