Shares of Snowflake Inc. (NYSE:SNOW – Get Free Report) have been given a consensus rating of “Moderate Buy” by the forty-three analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-four have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $274.6842.
Several analysts have commented on SNOW shares. KeyCorp upped their price objective on Snowflake from $275.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Robert W. Baird upped their price target on Snowflake from $260.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Piper Sandler reaffirmed an “overweight” rating and set a $285.00 price target on shares of Snowflake in a report on Thursday, December 4th. Wells Fargo & Company boosted their price objective on shares of Snowflake from $275.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $312.00 target price on shares of Snowflake in a report on Thursday, December 4th.
View Our Latest Stock Analysis on Snowflake
Snowflake Stock Performance
Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.20 earnings per share. Snowflake’s quarterly revenue was up 28.7% on a year-over-year basis. As a group, equities analysts forecast that Snowflake will post -2.36 earnings per share for the current year.
Insiders Place Their Bets
In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. This trade represents a 5.13% 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, EVP Christian Kleinerman sold 10,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the sale, the executive vice president owned 512,450 shares in the company, valued at $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 613,681 shares of company stock valued at $130,573,518. Corporate insiders own 6.80% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SNOW. Brighton Jones LLC increased its holdings in Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC grew its position 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 during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Snowflake by 29.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Johnson Investment Counsel Inc. acquired a new position in shares of Snowflake during the 2nd quarter worth approximately $262,000. Finally, Concurrent Investment Advisors LLC grew its holdings in Snowflake by 64.2% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 3,901 shares of the company’s stock valued at $873,000 after buying an additional 1,525 shares during 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: Deepened OpenAI partnership and new AI tools announced — bolsters Snowflake’s positioning as an AI platform and drove an earlier intraday rally as investors priced in greater enterprise AI monetization potential. Snowflake (SNOW) Is Up 8.2% After Deepening OpenAI Tie-Up And Unveiling New AI Tools – What’s Changed
- Positive Sentiment: Report that Snowflake expanded its AI stack via a roughly $200M OpenAI partnership underlines committed capex and strategic alignment with a top AI provider — a material catalyst for long‑term revenue mix shifting to AI services. Snowflake Expands AI Stack With $200M OpenAI Partnership
- Positive Sentiment: Analysts reaffirm bullish views on Snowflake’s AI strategy, supporting upside expectations for multi-year growth and validating management’s AI roadmap. Analysts Reaffirm Bullish View on Snowflake Inc.’s (SNOW) AI Strategy
- Positive Sentiment: Major ecosystem integrations announced — Experian integration and a RESAAS connector expand addressable market and make Snowflake more central to customers’ data stacks (more consumption opportunities). Experian Announces Integration with Snowflake’s AI Data Cloud RESAAS Announces Snowflake Integration for Enterprise Real Estate Data
- Positive Sentiment: New collaboration with U.S. Figure Skating highlights vertical adoption examples for performance analytics and fan engagement — incremental commercial proof point for Snowflake’s AI/analytics pitch. U.S. Figure Skating Elevates Athlete Development and Fan Engagement with Snowflake Intelligence
- Neutral Sentiment: Media discussion that heavy short interest in software stocks could spark short‑squeeze rallies — a possible near‑term technical upside but not a fundamental earnings driver. Software Stocks Look Primed for a Short Squeeze
- Neutral Sentiment: General roundup pieces trying to explain intraday moves and volatility in SNOW provide context but add little new fundamental information. What’s Going On With Snowflake Stock Today?
- Negative Sentiment: Pomerantz LLP investor investigation announced — potential legal overhang that can pressure the stock while the probe unfolds and could increase perceived risk. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Snowflake Inc. – SNOW
- Negative Sentiment: Recent price pullbacks and a Zacks note highlighting a larger-than-market decline can reinforce short‑term negative momentum and investor caution. Snowflake Inc. (SNOW) Registers a Bigger Fall Than the Market: Important Facts to Note
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.
Recommended Stories
- Five stocks we like better than Snowflake
- Nvidia CEO Issues Bold Tesla Call
- Your Bank Account Is No Longer Safe
- Buy this Gold Stock Before May 2026
- What a Former CIA Agent Knows About the Coming Collapse
- The day the gold market broke
Receive News & Ratings for Snowflake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Snowflake and related companies with MarketBeat.com's FREE daily email newsletter.
