Snowflake Inc. (NYSE:SNOW) Receives Consensus Rating of “Moderate Buy” from Brokerages

Snowflake Inc. (NYSE:SNOW) has received a consensus rating of “Moderate Buy” from the forty-two brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, thirty-three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $248.5789.

A number of analysts recently issued reports on the company. BTIG Research decreased their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Morgan Stanley decreased their price target on Snowflake from $270.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. UBS Group lowered their price target on shares of Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Jefferies Financial Group set a $300.00 price objective on shares of Snowflake in a research report on Monday, November 24th. Finally, Stifel Nicolaus set a $205.00 price objective on shares of Snowflake in a research note on Thursday, February 26th.

Insider Activity

In other news, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the transaction, the senior vice president directly owned 218,020 shares in the company, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $221.16, for a total value of $11,132,752.08. Following the completion of the sale, the director owned 31,916 shares in the company, valued at $7,058,542.56. This trade represents a 61.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 711,140 shares of company stock valued at $144,037,791 in the last quarter. 6.80% of the stock is currently owned by company insiders.

Institutional Trading of Snowflake

Large investors have recently modified their holdings of the business. Total Clarity Wealth Management Inc. raised its stake in Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after purchasing an additional 40 shares in the last quarter. Diligent Investors LLC grew its stake in Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after buying an additional 40 shares in the last quarter. Coastline Trust Co increased its holdings in shares of Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares during the last quarter. Wedbush Securities Inc. increased its holdings in shares of Snowflake by 1.3% in the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after buying an additional 48 shares during the last quarter. Finally, CX Institutional raised its position in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after buying an additional 49 shares in the last quarter. 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: Analyst/feature bullishness — A recent deep-dive recommends SNOW as a buy, citing 30% revenue growth, strong bookings, raised product-revenue and margin guidance, and accelerating AI products (Cortex Code, Snowflake Intelligence) that added 740 customers last quarter — supportive for near- to medium-term growth expectations. Snowflake: A New Chapter In Its Growth Journey
• Positive Sentiment: Broader AI narrative and portfolio interest — Retail/press pieces highlight Snowflake alongside other AI leaders as a multi-year winner from AI and fintech adoption, which can drive renewed investor demand and multiple expansion on AI wins. Inside my 61% portfolio surge
• Neutral Sentiment: Mixed near-term performance review — Coverage notes a 19% three‑month decline due to margin pressure and competition, but still acknowledges strong AI adoption and enterprise deals; this frames the stock as a higher‑upside, higher‑volatility name. Is SNOW Stock a Buy, Hold, or Sell After a 19% Decline in Three Months?
• Negative Sentiment: Multiple securities class-action suits filed — Several law firms have announced lawsuits alleging Snowflake misrepresented the impact of product efficiency and pricing shifts on revenue (class period: June 27, 2023–Feb 28, 2024). Litigation increases legal/financial uncertainty and could pressure sentiment and the valuation multiple. Snowflake Faces Lawsuits As AI Expansion Reshapes Growth And Risk Profile
• Negative Sentiment: Insider stock sales — Director Michael L. Speiser reported large sales (50,338 shares at ~$175) on March 6, substantially reducing his holdings; significant insider selling can be viewed negatively by the market even if it’s for personal liquidity. SEC Form 4 — Michael L. Speiser

Snowflake Stock Up 1.2%

SNOW opened at $182.63 on Tuesday. The company has a 50 day moving average of $193.01 and a 200 day moving average of $222.05. The company has a market cap of $62.50 billion, a PE ratio of -46.23 and a beta of 1.17. Snowflake has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. Snowflake’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, sell-side analysts expect that Snowflake will post -2.36 EPS for the current year.

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.