Research Analysts’ Recent Ratings Updates for Snowflake (SNOW)

Snowflake (NYSE: SNOW) has recently received a number of price target changes and ratings updates:

• 4/22/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/11/2024 – Snowflake is now covered by analysts at KeyCorp. They set an “overweight” rating and a $185.00 price target on the stock.
• 4/5/2024 – Snowflake was upgraded by analysts at Rosenblatt Securities from a “neutral” rating to a “buy” rating. They now have a $185.00 price target on the stock.
• 4/3/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/26/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/19/2024 – Snowflake had its “sell” rating reaffirmed by analysts at Redburn Atlantic. They now have a $125.00 price target on the stock, down previously from $180.00.
• 3/18/2024 – Snowflake was upgraded by analysts at Monness Crespi & Hardt from a “sell” rating to a “neutral” rating.
• 3/16/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/15/2024 – Snowflake was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
• 3/8/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/4/2024 – Snowflake had its price target lowered by analysts at Citigroup Inc. from $290.00 to $240.00. They now have a “buy” rating on the stock.
• 3/1/2024 – Snowflake had its price target lowered by analysts at Barclays PLC from $198.00 to $188.00. They now have an “equal weight” rating on the stock.
• 2/29/2024 – Snowflake had its “reduce” rating reaffirmed by analysts at HSBC Holdings plc.
• 2/29/2024 – Snowflake had its price target lowered by analysts at JPMorgan Chase & Co. from $200.00 to $170.00. They now have an “overweight” rating on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Royal Bank of Canada from $255.00 to $246.00. They now have an “outperform” rating on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Evercore ISI from $250.00 to $225.00. They now have an “outperform” rating on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Oppenheimer Holdings Inc. from $240.00 to $220.00. They now have an “outperform” rating on the stock.
• 2/29/2024 – Snowflake was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $205.00 price target on the stock, up previously from $182.00.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Rosenblatt Securities from $190.00 to $185.00. They now have a “neutral” rating on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Bank of America Co. from $265.00 to $212.00. They now have a “neutral” rating on the stock.
• 2/29/2024 – Snowflake had its price target raised by analysts at JMP Securities from $212.00 to $235.00. They now have a “market outperform” rating on the stock.
• 2/29/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/29/2024 – Snowflake had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $175.00 price target on the stock, down previously from $230.00.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Stifel Nicolaus from $235.00 to $220.00. They now have a “buy” rating on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Truist Financial Co. from $250.00 to $210.00. They now have a “buy” rating on the stock.
• 2/29/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $205.00 price target on the stock, down previously from $255.00.
• 2/29/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $230.00 price target on the stock.
• 2/29/2024 – Snowflake had its price target lowered by analysts at Needham & Company LLC from $265.00 to $240.00. They now have a “buy” rating on the stock.
• 2/28/2024 – Snowflake had its price target raised by analysts at Wedbush from $144.00 to $210.00. They now have a “neutral” rating on the stock.
• 2/27/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $250.00 price target on the stock.
• 2/27/2024 – Snowflake had its price target raised by analysts at Citigroup Inc. from $255.00 to $290.00. They now have a “buy” rating on the stock.

Snowflake Trading Up 2.7 %

NYSE:SNOW opened at $151.17 on Wednesday. The company’s 50-day moving average price is $174.58 and its 200-day moving average price is $179.32. Snowflake Inc. has a twelve month low of $135.26 and a twelve month high of $237.72. The company has a market cap of $50.52 billion, a P/E ratio of -59.28 and a beta of 0.91.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 28th. The company reported ($0.44) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.05. Snowflake had a negative net margin of 29.79% and a negative return on equity of 13.79%. The company had revenue of $774.70 million for the quarter, compared to the consensus estimate of $759.86 million. On average, analysts expect that Snowflake Inc. will post -1.9 earnings per share for the current year.

Insiders Place Their Bets

In other Snowflake news, insider Benoit Dageville sold 8,515 shares of Snowflake stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the transaction, the insider now directly owns 55,216 shares of the company’s stock, valued at $8,627,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $230.00, for a total value of $2,300,000.00. Following the sale, the senior vice president now directly owns 726,567 shares of the company’s stock, valued at approximately $167,110,410. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Benoit Dageville sold 8,515 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $156.25, for a total transaction of $1,330,468.75. Following the completion of the sale, the insider now directly owns 55,216 shares in the company, valued at $8,627,500. The disclosure for this sale can be found here. Insiders have sold 168,209 shares of company stock valued at $34,291,592 over the last ninety days. Company insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cigna Investments Inc. New grew its holdings in shares of Snowflake by 1.6% in the fourth quarter. Cigna Investments Inc. New now owns 3,295 shares of the company’s stock valued at $656,000 after purchasing an additional 51 shares in the last quarter. E&G Advisors LP grew its holdings in Snowflake by 3.0% during the 4th quarter. E&G Advisors LP now owns 1,768 shares of the company’s stock worth $352,000 after acquiring an additional 51 shares in the last quarter. Commerce Bank grew its holdings in Snowflake by 0.8% during the 4th quarter. Commerce Bank now owns 6,138 shares of the company’s stock worth $1,221,000 after acquiring an additional 51 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in Snowflake by 34.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 202 shares of the company’s stock worth $40,000 after acquiring an additional 52 shares in the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Snowflake by 18.1% during the 4th quarter. Valley National Advisers Inc. now owns 346 shares of the company’s stock worth $68,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.