Snowflake (NYSE:SNOW) Rating Increased to Buy at Argus

Argus upgraded shares of Snowflake (NYSE:SNOW) from a hold rating to a buy rating in a research note published on Thursday, MarketBeat reports. They currently have $300.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Monness Crespi & Hardt lifted their price target on Snowflake from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $237.00 target price on shares of Snowflake in a report on Thursday, December 4th. Needham & Company LLC reiterated a “buy” rating and issued a $280.00 target price on shares of Snowflake in a research note on Thursday, December 4th. Stifel Nicolaus increased their price target on shares of Snowflake from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Finally, Rosenblatt Securities boosted their price objective on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Snowflake currently has a consensus rating of “Moderate Buy” and an average price target of $275.97.

Snowflake Price Performance

Shares of NYSE SNOW opened at $223.72 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. The company has a 50 day simple moving average of $239.82 and a two-hundred day simple moving average of $229.03. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. The company has a market capitalization of $76.56 billion, a price-to-earnings ratio of -55.38 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was up 28.7% on a year-over-year basis. Analysts expect that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $219.90, for a total transaction of $2,199,000.00. Following the completion of the sale, the executive vice president owned 471,351 shares in the company, valued at approximately $103,650,084.90. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Slootman sold 200,000 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $221.83, for a total value of $44,366,000.00. Following the completion of the transaction, the director directly owned 50,329 shares in the company, valued at approximately $11,164,482.07. This represents a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 418,681 shares of company stock worth $96,073,145. 6.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC grew its position in Snowflake by 90.0% during the fourth quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after buying an additional 29,320 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Snowflake during the 1st quarter worth $387,000. Integrity Alliance LLC. bought a new stake in shares of Snowflake during the 1st quarter valued at $646,000. Focus Partners Wealth increased its stake in shares of Snowflake by 0.5% in the 1st quarter. Focus Partners Wealth now owns 99,545 shares of the company’s stock worth $14,550,000 after purchasing an additional 460 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in shares of Snowflake by 24.0% in the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake announced it intends to acquire observability platform Observe — a product built on Snowflake’s tech that could deepen native monitoring and expand enterprise usage. This strategic tuck‑in supports Snowflake’s AI/data platform narrative. Snowflake announces its intent to buy observability platform Observe
• Positive Sentiment: Analyst upgrades and higher price targets are reinforcing upside expectations (example: Argus upgraded SNOW to Buy with a $300 target), which supports medium‑term momentum for the stock. Argus upgrade / coverage roundup
• Positive Sentiment: Major institutional holders remain heavily invested (Vanguard, Jennison, State Street, Artisan), which underpins liquidity and suggests longer‑term investor conviction. SNOW stock overview
• Neutral Sentiment: Snowflake’s strong AI momentum has driven a big move over the last year, but commentators are re‑assessing valuation and whether recent profitability pivots sacrifice growth — this debate is keeping trading volatile. SNOW Stock Rallies 45% in a Year: Should You Buy, Sell, or Hold?
• Neutral Sentiment: Third‑party FinOps activity (e.g., DoiT acquiring a Snowflake‑cost optimization vendor) highlights customer focus on controlling Snowflake spend—this is relevant to client retention and consumption trends but not an immediate company update. DoiT Acquires SELECT to Eliminate Snowflake Waste
• Neutral Sentiment: Coverage that suggests friction in Snowflake’s relationship with Google Gemini may temper enthusiasm around model partnerships; the impact depends on Snowflake’s alternative model arrangements. Snowflake gets frosty with Google Gemini
• Negative Sentiment: Insider selling: multiple senior executives disclosed sizable share sales (including EVP Christian Kleinerman and others). Heavy insider liquidations often weigh on short‑term sentiment, even if for tax/planning reasons. Insider Selling: Snowflake EVP Sells 10,000 Shares
• Negative Sentiment: Bearish/tactical short‑term views: recent pieces argue the profitability pivot could be a trap for growth investors or advise waiting for a reset, which can spur selling from growth‑oriented holders. Snowflake: The Profitability Pivot May Be A Trap For Growth Investors

Snowflake Company Profile

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.