Snowflake (NYSE:SNOW) Given “Neutral” Rating at Guggenheim

Guggenheim reiterated their neutral rating on shares of Snowflake (NYSE:SNOW) in a research note released on Wednesday,Benzinga reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Snowflake from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $280.00 price target on shares of Snowflake in a research report on Thursday, December 4th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a report on Monday, February 2nd. Wells Fargo & Company raised their price objective on Snowflake from $275.00 to $290.00 and gave the stock an “overweight” rating in a research note on Thursday, December 4th. Finally, Citizens Jmp upped their target price on Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $271.97.

Snowflake Price Performance

Shares of SNOW stock opened at $176.15 on Wednesday. Snowflake has a fifty-two week low of $120.10 and a fifty-two week high of $280.67. 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 firm has a market capitalization of $60.28 billion, a price-to-earnings ratio of -43.60 and a beta of 1.14. The stock’s 50-day simple moving average is $206.03 and its 200-day simple moving average is $224.37.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, December 3rd. The company reported $0.35 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.20 EPS. Snowflake’s revenue for the quarter 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 fiscal year.

Insiders Place Their Bets

In other Snowflake news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the transaction, the executive vice president owned 461,351 shares of the company’s stock, valued at approximately $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Emily Ho sold 1,072 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $223.63, for a total transaction of $239,731.36. Following the completion of the transaction, the chief accounting officer owned 43,809 shares of the company’s stock, valued at approximately $9,797,006.67. This trade represents a 2.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 613,681 shares of company stock worth $130,573,518. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in Snowflake by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares during the period. Jennison Associates LLC raised its stake in shares of Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after buying an additional 2,519,413 shares during the period. State Street Corp lifted its position in shares of Snowflake by 1.4% during the 2nd quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after buying an additional 94,293 shares in the last quarter. Nuveen LLC grew its stake in Snowflake by 2.3% in the 4th quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the period. Finally, Artisan Partners Limited Partnership increased its holdings in Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after acquiring an additional 652,485 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is being highlighted as a key AI infrastructure play and pushing partner momentum — positive for long-term demand and adoption. Snowflake Is Unlocking AI’s Future—And For Partners, There’s No Time Like The Present
• Positive Sentiment: Coverage noting AI is redefining cloud competition frames Snowflake as a beneficiary of rising enterprise AI adoption. How AI Is Redefining Enterprise Cloud Competition
• Positive Sentiment: Product update: Snowflake’s new coding agent is getting positive coverage from product leadership — supports execution narrative and could help near-term developer adoption. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Analysts and newsletters continue to flag Snowflake as an AI/cloud pick and expect an earnings beat — that supports upside if results match or exceed expectations. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates
• Neutral Sentiment: Citigroup trimmed its price target to $270 but kept a Buy rating — still implies substantial upside vs. current levels, though the cut lifts near-term caution. Benzinga Citigroup PT cut
• Neutral Sentiment: Goldman Sachs and Mizuho also reduced price targets (to $246 and $220 respectively) while keeping constructive ratings — signals analysts expect slower near-term multiple expansion but still see medium-term fundamentals. Goldman Sachs Reduces PT on Snowflake
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating — mixed signals from the sell side are increasing short-term volatility risk. Benzinga Guggenheim reaffirmed
• Negative Sentiment: Competitive pressure: Google Cloud rolled out a BigQuery global queries feature and the market flagged this as a direct competitive threat, which has pressured Snowflake shares. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal risk: Pomerantz LLP opened an investigation into Snowflake investor claims — introduces potential litigation risk and short-term downside if concerns escalate. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Sector headwinds: recent weakness in other AI/software names (e.g., Palo Alto) and daily share declines in Snowflake coverage pieces are amplifying risk-off flows in cloud stocks. Palo Alto shares sink as AI hits software stocks

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.