Snowflake (NYSE:SNOW) Price Target Raised to $300.00

Snowflake (NYSE:SNOW) had its price target boosted by stock analysts at Truist Financial from $275.00 to $300.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 26.82% from the company’s current price.

SNOW has been the topic of several other reports. Monness Crespi & Hardt upped their price target on shares of Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a report on Thursday, May 28th. HSBC set a $289.00 price target on shares of Snowflake and gave the company a “buy” rating in a report on Friday, May 29th. Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. Citigroup upped their price target on shares of Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a report on Friday, May 29th. Finally, KeyCorp set a $295.00 price target on shares of Snowflake in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $290.87.

Snowflake Stock Performance

Shares of NYSE SNOW traded down $7.63 during mid-day trading on Friday, hitting $236.56. The stock had a trading volume of 2,506,716 shares, compared to its average volume of 7,494,165. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.05. The company has a 50 day moving average of $163.69 and a two-hundred day moving average of $190.21. Snowflake has a twelve month low of $118.30 and a twelve month high of $284.99. The firm has a market cap of $81.78 billion, a PE ratio of -67.27 and a beta of 1.35.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s revenue was up 33.5% on a year-over-year basis. Research analysts predict that Snowflake will post -2.15 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 437,076 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $252.43, for a total value of $110,331,094.68. Following the transaction, the director directly owned 38,046 shares of the company’s stock, valued at approximately $9,603,951.78. This trade represents a 91.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $148.21, for a total transaction of $7,460,594.98. Following the completion of the transaction, the director directly owned 29,396 shares in the company, valued at $4,356,781.16. This represents a 63.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 1,538,672 shares of company stock valued at $346,816,863. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of Snowflake

A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. acquired a new stake in Snowflake in the 4th quarter valued at approximately $28,000. Greenline Wealth Management LLC purchased a new stake in shares of Snowflake during the 4th quarter worth $29,000. GoalVest Advisory LLC lifted its stake in Snowflake by 221.4% during the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares during the last quarter. Finally, MV Capital Management Inc. purchased a new stake in Snowflake in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake’s Summit 26 announcements reinforced its AI growth narrative, with new/updated products such as Horizon, CoWork, CoCo, and Datastream, plus deeper integrations and partnerships that support enterprise adoption of the Snowflake AI Data Cloud. Snowflake Summit 26 Puts Governed Enterprise AI At Center Stage
• Positive Sentiment: Analyst sentiment has improved after strong quarterly results, with firms including UBS and Piper Sandler raising price targets, suggesting Wall Street sees more upside if Snowflake can keep monetizing AI. UBS price target raise on Snowflake
• Positive Sentiment: Recent coverage highlighted that Snowflake’s AI products and customer growth are accelerating, which is helping shift the narrative from “when does growth return?” to a more constructive long-term growth story. Snowflake Just Changed the Conversation About What It Actually Is
• Positive Sentiment: Snowflake’s latest earnings beat still matters: the company posted stronger-than-expected EPS and revenue, and investors are continuing to re-rate the stock on those results. What’s next for Snowflake after its massive Q1 earnings beat?
• Neutral Sentiment: Several ecosystem announcements, including partner awards and third-party integrations, validate Snowflake’s platform but are more incremental than immediate stock catalysts. TransUnion Expands TruIQ Data Enrichment on Snowflake AI Data Cloud
• Neutral Sentiment: Coverage discussing Snowflake’s expansion in India and comparisons versus other software names adds visibility, but it is not a direct near-term earnings driver. From data migration to AI agents: Why Snowflake is betting big on India
• Negative Sentiment: Insider selling by Director Frank Slootman and EVP Christian Kleinerman may be pressuring sentiment, even though the trades were made under pre-arranged Rule 10b5-1 plans. Snowflake insider buying and selling alert
• Negative Sentiment: SNOW also got caught in a broader pullback in software stocks, with profit-taking across the group contributing to the move lower. ServiceNow and Snowflake Shares Are Falling, What You Need To Know
• Negative Sentiment: Despite the growth story, investors still worry about premium valuation, margin pressure, and competition, which could limit upside if execution slips. Should You Buy, Sell, or Hold SNOW Stock After a 16% Rise in One 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.