Snowflake (NYSE:SNOW) Shares Up 1.7% Following Analyst Upgrade

Market Beat
2025.06.05 15:37

Snowflake Inc. (NYSE:SNOW) shares rose 1.7% after Macquarie upgraded its price target from $190 to $210, maintaining a neutral rating. The stock traded as high as $213.70, with a last price of $213.13. Other analysts have varied opinions, with Evercore ISI raising its target to $240 and HSBC downgrading to strong sell. Insider selling was noted, and institutional ownership stands at 65.10%. Snowflake reported Q1 earnings of $0.24 EPS, exceeding estimates, with revenue of $1.04 billion.

Snowflake Inc. (NYSE:SNOW - Get Free Report)'s share price was up 1.7% on Thursday after Macquarie raised their price target on the stock from $190.00 to $210.00. Macquarie currently has a neutral rating on the stock. Snowflake traded as high as $213.70 and last traded at $213.13. Approximately 1,477,958 shares were traded during trading, a decline of 77% from the average daily volume of 6,389,998 shares. The stock had previously closed at $209.60.

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Other research analysts have also recently issued reports about the stock. Evercore ISI increased their price target on shares of Snowflake from $232.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday. Hsbc Global Res downgraded Snowflake from a "hold" rating to a "strong sell" rating in a report on Thursday, May 22nd. Raymond James reaffirmed an "outperform" rating and issued a $212.00 price target (up previously from $196.00) on shares of Snowflake in a research note on Thursday, May 22nd. Guggenheim reissued a "neutral" rating on shares of Snowflake in a research report on Thursday, February 27th. Finally, Barclays restated an "overweight" rating and issued a $219.00 price objective (up from $203.00) on shares of Snowflake in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and an average target price of $221.28.

View Our Latest Stock Analysis on Snowflake

Insider Buying and Selling at Snowflake

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In related news, Director Frank Slootman sold 1,783 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $147.24, for a total value of $262,528.92. Following the completion of the transaction, the director now owns 192,511 shares of the company's stock, valued at approximately $28,345,319.64. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 3,765 shares of Snowflake stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $155.69, for a total transaction of $586,172.85. Following the sale, the executive vice president now owns 616,602 shares in the company, valued at approximately $95,998,765.38. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 849,779 shares of company stock worth $159,318,643. Insiders own 6.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Snowflake by 1.2% during the first quarter. Vanguard Group Inc. now owns 27,194,208 shares of the company's stock valued at $3,974,705,000 after buying an additional 316,573 shares during the last quarter. Norges Bank purchased a new position in Snowflake during the 4th quarter valued at about $988,950,000. FMR LLC increased its holdings in shares of Snowflake by 84.9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock valued at $943,155,000 after acquiring an additional 2,805,425 shares during the period. GQG Partners LLC purchased a new position in shares of Snowflake in the 4th quarter worth approximately $750,572,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Snowflake by 19.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,732,428 shares of the company's stock worth $691,693,000 after purchasing an additional 763,673 shares during the last quarter. Institutional investors own 65.10% of the company's stock.

Snowflake Stock Up 1.9%

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The company has a market capitalization of $71.31 billion, a price-to-earnings ratio of -63.12 and a beta of 1.21. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $166.87 and a 200-day moving average of $168.02.

Snowflake (NYSE:SNOW - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative net margin of 33.02% and a negative return on equity of 24.23%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.14 EPS. Snowflake's revenue for the quarter was up 25.8% compared to the same quarter last year. On average, equities analysts predict that Snowflake Inc. will post -2.36 earnings per share for the current fiscal year.

Snowflake Company Profile

(Get Free Report)

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, as well as applies artificial intelligence (AI) for solving business problems.

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