Investment Analysts’ Weekly Ratings Updates for Snowflake (SNOW)

Snowflake (NYSE: SNOW) recently received a number of ratings updates from brokerages and research firms:

  • 4/3/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 3/26/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 3/19/2024 – Snowflake had its “sell” rating reaffirmed by analysts at Redburn Atlantic. They now have a $125.00 price target on the stock, down previously from $180.00.
  • 3/18/2024 – Snowflake was upgraded by analysts at Monness Crespi & Hardt from a “sell” rating to a “neutral” rating.
  • 3/16/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 3/15/2024 – Snowflake was upgraded by analysts at Guggenheim from a “sell” rating to a “neutral” rating.
  • 3/8/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 3/4/2024 – Snowflake had its price target lowered by analysts at Citigroup Inc. from $290.00 to $240.00. They now have a “buy” rating on the stock.
  • 3/1/2024 – Snowflake had its price target lowered by analysts at Barclays PLC from $198.00 to $188.00. They now have an “equal weight” rating on the stock.
  • 2/29/2024 – Snowflake had its “reduce” rating reaffirmed by analysts at HSBC Holdings plc.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at JPMorgan Chase & Co. from $200.00 to $170.00. They now have an “overweight” rating on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Royal Bank of Canada from $255.00 to $246.00. They now have an “outperform” rating on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Evercore ISI from $250.00 to $225.00. They now have an “outperform” rating on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Oppenheimer Holdings Inc. from $240.00 to $220.00. They now have an “outperform” rating on the stock.
  • 2/29/2024 – Snowflake was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $205.00 price target on the stock, up previously from $182.00.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Rosenblatt Securities from $190.00 to $185.00. They now have a “neutral” rating on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Bank of America Co. from $265.00 to $212.00. They now have a “neutral” rating on the stock.
  • 2/29/2024 – Snowflake had its price target raised by analysts at JMP Securities from $212.00 to $235.00. They now have a “market outperform” rating on the stock.
  • 2/29/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 2/29/2024 – Snowflake had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $175.00 price target on the stock, down previously from $230.00.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Stifel Nicolaus from $235.00 to $220.00. They now have a “buy” rating on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Truist Financial Co. from $250.00 to $210.00. They now have a “buy” rating on the stock.
  • 2/29/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $205.00 price target on the stock, down previously from $255.00.
  • 2/29/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group Inc.. They now have a $230.00 price target on the stock.
  • 2/29/2024 – Snowflake had its price target lowered by analysts at Needham & Company LLC from $265.00 to $240.00. They now have a “buy” rating on the stock.
  • 2/28/2024 – Snowflake had its price target raised by analysts at Wedbush from $144.00 to $210.00. They now have a “neutral” rating on the stock.
  • 2/27/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $250.00 price target on the stock.
  • 2/27/2024 – Snowflake had its price target raised by analysts at Citigroup Inc. from $255.00 to $290.00. They now have a “buy” rating on the stock.
  • 2/22/2024 – Snowflake had its price target raised by analysts at UBS Group AG from $185.00 to $225.00. They now have a “neutral” rating on the stock.
  • 2/21/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
  • 2/21/2024 – Snowflake had its price target raised by analysts at Needham & Company LLC from $225.00 to $265.00. They now have a “buy” rating on the stock.
  • 2/20/2024 – Snowflake had its price target raised by analysts at Truist Financial Co. from $230.00 to $250.00. They now have a “buy” rating on the stock.
  • 2/15/2024 – Snowflake was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $214.00 price target on the stock, up previously from $212.00.
  • 2/13/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
  • 2/5/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

Snowflake Price Performance

NYSE SNOW opened at $153.02 on Thursday. The business has a 50 day simple moving average of $192.02 and a 200 day simple moving average of $179.18. Snowflake Inc. has a one year low of $135.26 and a one year high of $237.72. The stock has a market capitalization of $50.39 billion, a P/E ratio of -60.01 and a beta of 0.91.

Snowflake (NYSE:SNOWGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.44) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.05. The business had revenue of $774.70 million for the quarter, compared to analyst estimates of $759.86 million. Snowflake had a negative return on equity of 13.79% and a negative net margin of 29.79%. Equities analysts expect that Snowflake Inc. will post -1.92 earnings per share for the current year.

Insiders Place Their Bets

In other Snowflake news, CRO Christopher William Degnan sold 3,800 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $200.13, for a total value of $760,494.00. Following the transaction, the executive now owns 102,007 shares in the company, valued at $20,414,660.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $190.00, for a total value of $285,000.00. Following the transaction, the senior vice president now owns 756,567 shares in the company, valued at $143,747,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Christopher William Degnan sold 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $200.13, for a total value of $760,494.00. Following the completion of the transaction, the executive now owns 102,007 shares in the company, valued at approximately $20,414,660.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,355 shares of company stock worth $37,679,411. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Accent Capital Management LLC bought a new position in shares of Snowflake in the fourth quarter valued at approximately $25,000. Mango Five Family Inc. bought a new position in shares of Snowflake in the fourth quarter valued at approximately $26,000. Ulland Investment Advisors LLC lifted its holdings in Snowflake by 270.0% during the third quarter. Ulland Investment Advisors LLC now owns 185 shares of the company’s stock worth $28,000 after acquiring an additional 135 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Snowflake by 333.3% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after purchasing an additional 100 shares during the last quarter. Finally, Provence Wealth Management Group purchased a new position in Snowflake in the third quarter worth $30,000. Institutional investors own 65.10% of the company’s stock.

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.

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