Snowflake Inc. (NYSE:SNOW) Stock Has Average Price Target of $413.87

Snowflake Inc. (NYSE:SNOW) has been given a consensus recommendation of “Moderate Buy” by the forty-two ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirty-six have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $413.87.

Several research firms have recently issued reports on SNOW. Rosenblatt Securities increased their price target on Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. DA Davidson lifted their price target on Snowflake from $300.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. Royal Bank Of Canada boosted their price objective on Snowflake from $372.00 to $440.00 and gave the stock an “outperform” rating in a research report on Thursday, September 3rd. TD Cowen boosted their price objective on Snowflake from $370.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Yorkville Ives initiated coverage on Snowflake in a research note on Monday, October 5th. They issued an “outperform” rating and a $400.00 price objective for the company.

Insider Activity at Snowflake

In related news, Director Mark Garrett sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the sale, the director owned 10,074 shares in the company, valued at approximately $3,525,900. This trade represents a 83.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,246,429 shares of company stock valued at $408,832,628 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Hedge funds have recently modified their holdings of the stock. Reyes Financial Architecture Inc. bought a new stake in Snowflake during the 3rd quarter worth approximately $32,000. Mather Group LLC. lifted its stake in Snowflake by 98.0% in the third quarter. Mather Group LLC. now owns 101 shares of the company’s stock worth $34,000 after purchasing an additional 50 shares during the last quarter. Ninety One UK Ltd purchased a new stake in Snowflake during the third quarter valued at about $36,000. Fortitude Family Office LLC boosted its position in Snowflake by 146.7% during the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $38,000 after buying an additional 66 shares during the period. Finally, GK Wealth Management LLC bought a new position in shares of Snowflake during the third quarter valued at about $41,000. Institutional investors own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Cloud software shares are rebounding, providing a favorable sector backdrop for Snowflake. Investors are focusing on demand for cloud infrastructure, data analytics and application security. Cloud Stocks Rebound
• Positive Sentiment: New partnerships with Adstra, Lumen Technologies and ATTOM are expanding use of Snowflake’s AI Data Cloud across marketing, networking, property data and secure AI workloads. Greater integration could increase customer usage and consumption-based revenue over time. Snowflake AI Partnerships
• Positive Sentiment: Recent commentary from analysts and investment managers highlights Snowflake’s AI momentum, accelerating product adoption and potential to benefit from a multiyear enterprise AI spending cycle. Some analysts view SNOW as a more attractive enterprise AI opportunity than Broadcom or Salesforce. Snowflake Versus Broadcom
• Neutral Sentiment: Comparisons with Salesforce frame Snowflake as the faster-growing, specialized data-cloud company, while Salesforce offers greater profitability and scale. The debate may attract investors but does not create an immediate change to Snowflake’s outlook. Salesforce Versus Snowflake
• Negative Sentiment: Coverage questioning whether Snowflake is fully valued points to recent share-price momentum and the risk that substantial AI expectations are already reflected in the stock. Investors may require evidence that partnerships translate into sustained revenue and earnings growth. Is Snowflake Fully Valued?
• Negative Sentiment: Director Frank Slootman sold 300,000 shares worth approximately $94.9 million, reducing his stake by 94%. The transaction was made under a pre-arranged Rule 10b5-1 plan, limiting its signaling value, but the size of the sale may weigh on sentiment. Slootman Insider Sale

Snowflake Stock Performance

Shares of SNOW stock opened at $325.26 on Wednesday. Snowflake has a 52 week low of $118.30 and a 52 week high of $384.56. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.06. The company has a market cap of $114.75 billion, a price-to-earnings ratio of -102.28 and a beta of 1.35. The firm has a 50 day moving average of $331.76 and a 200-day moving average of $260.74.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue was up 35.1% compared to the same quarter last year. On average, equities analysts forecast that Snowflake will post -1.44 earnings per share for the current year.

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.