Snowflake (NYSE:SNOW) Hits New 1-Year High on Analyst Upgrade

Shares of Snowflake Inc. (NYSE:SNOW) hit a new 52-week high on Tuesday after BTIG Research raised their price target on the stock from $325.00 to $340.00. BTIG Research currently has a buy rating on the stock. Snowflake traded as high as $315.42 and last traded at $307.8310, with a volume of 7981879 shares changing hands. The stock had previously closed at $293.28.

Several other research firms have also commented on SNOW. Royal Bank Of Canada boosted their price objective on shares of Snowflake from $284.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Truist Financial raised their target price on shares of Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, June 5th. DA Davidson lifted their target price on shares of Snowflake from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Snowflake in a report on Thursday, May 28th. Finally, Mizuho increased their price target on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.68.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 20,000 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $300.00, for a total value of $6,000,000.00. Following the transaction, the executive vice president directly owned 375,379 shares in the company, valued at approximately $112,613,700. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $255.11, for a total transaction of $87,502.73. Following the sale, the director directly owned 5,060 shares in the company, valued at $1,290,856.60. This represents a 6.35% 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 90 days, insiders have sold 2,081,260 shares of company stock worth $505,874,831. 4.80% of the stock is owned by company insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI-driven rally and analyst support: Snowflake shares benefited from a broader risk-on move in AI and cloud stocks, alongside growing optimism about the company’s AI business. BTIG raised its price target from $325 to $340 and maintained a “Buy” rating, implying additional upside from recent levels. AI cloud stocks rise Analyst forecasts
• Positive Sentiment: Expanded marketplace ecosystem: Alteryx launched Alteryx One on the Snowflake Marketplace, offering governed, in-place analytics for business teams. The integration may support Snowflake’s data-cloud adoption and strengthen its position in enterprise AI and analytics. Alteryx One launches on Snowflake Marketplace
• Neutral Sentiment: Upcoming earnings event: Snowflake said it will report fiscal second-quarter 2027 financial results on September 2, giving investors a near-term catalyst to assess consumption growth, margins and AI monetization. Snowflake earnings announcement
• Negative Sentiment: Insider and institutional selling: Cathie Wood’s funds sold approximately $5.5 million to $5.7 million of Snowflake shares after the stock’s recent surge. Separately, EVP Christian Kleinerman sold 29,986 shares worth nearly $9 million under a pre-arranged Rule 10b5-1 plan. While the sales do not necessarily signal deteriorating fundamentals, they could weigh on sentiment and highlight profit-taking at elevated prices. Cathie Wood Snowflake sale Snowflake executive stock sale filing
• Negative Sentiment: Valuation concerns: Commentary remains bullish on Snowflake’s customer growth and AI push but warns that its premium valuation, margin pressure and intensifying competition leave limited room for execution disappointments. Snowflake premium valuation analysis

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently modified their holdings of the company. Brighton Jones LLC raised its holdings in Snowflake by 90.0% in the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock valued at $9,556,000 after acquiring an additional 29,320 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Snowflake by 24.0% during the 1st quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake in the second quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Snowflake by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock valued at $5,055,000 after purchasing an additional 1,521 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Price Performance

The stock has a market capitalization of $110.06 billion, a price-to-earnings ratio of -90.21 and a beta of 1.33. The company has a 50 day moving average of $256.24 and a 200 day moving average of $198.68. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping 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 business posted $0.24 earnings per share. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. As a group, equities research analysts forecast that Snowflake Inc. will post -1.84 EPS for the current fiscal 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.