Snowflake (NYSE:SNOW) Sets New 12-Month High After Analyst Upgrade

Snowflake Inc. (NYSE:SNOW)’s share price reached a new 52-week high during trading 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.

Other equities analysts also recently issued research reports about the stock. Jefferies Financial Group increased their price target on shares of Snowflake from $300.00 to $310.00 and gave the company a “buy” rating in a report on Monday, July 20th. Mizuho raised their price objective on shares of Snowflake from $220.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, May 28th. Barclays boosted their price objective on shares of Snowflake from $272.00 to $285.00 and gave the stock an “equal weight” rating in a report on Thursday, June 4th. Oppenheimer upped their target price on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Finally, Piper Sandler increased their target price on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $296.68.

Insider Activity

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $245.21, for a total value of $12,343,380.98. Following the sale, the director directly owned 27,716 shares of the company’s stock, valued at approximately $6,796,240.36. This represents a 64.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $110,331,094.68. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at $9,603,951.78. This trade represents a 91.99% decrease in their ownership of the stock. 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 2,091,260 shares of company stock worth $508,844,831 over the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: AI product expansion: Snowflake introduced Cortex AI Gateway, which is designed to govern enterprise AI agents, manage costs and strengthen security. Expanded integrations with 1Password and Aembit could help Snowflake capture more AI workloads from large businesses. Snowflake Unveils Cortex AI Gateway
• Positive Sentiment: Broader partner ecosystem: Snowflake and phData expanded their collaboration to help customers migrate analytics, deploy governed AI applications and put intelligent workflows into production. Zeotap and Alteryx also launched applications on the Snowflake Marketplace, supporting platform adoption and recurring consumption. phData and Snowflake Expand Collaboration
• Positive Sentiment: Market and analyst optimism: Snowflake has reached fresh 52-week highs amid stronger confidence in its AI business. BTIG reportedly forecasts substantial appreciation, while heavy selling of long-dated, out-of-the-money put options suggests some investors are willing to make bullish commitments. BTIG Research Forecasts Strong Price Appreciation
• Neutral Sentiment: Upcoming catalysts: Snowflake will present at investor conferences and plans to report fiscal second-quarter 2027 results on September 2. These events could provide updated commentary on AI monetization, customer demand and margins. Snowflake Investor Conferences
• Negative Sentiment: Valuation and selling pressure: Analysts warn that SNOW’s premium valuation leaves limited room for disappointment, while margin pressure and competition remain concerns. Cathie Wood’s investment firm trimmed roughly $5.5 million to $5.7 million of its position, and an executive sold shares under a pre-arranged Rule 10b5-1 plan. Snowflake Premium Valuation
• Negative Sentiment: Security overhang: A Canadian defendant pleaded guilty in connection with attacks involving the theft of data from Snowflake customer environments. While the case concerns criminal activity rather than a newly announced company incident, it may renew investor concerns about data security and reputational risk. Canadian Pleads Guilty to Snowflake Data Theft Attacks

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNOW. Vanguard Group Inc. grew its holdings in Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares in the last quarter. Nuveen LLC boosted its stake in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after acquiring an additional 116,521 shares during the last quarter. Geode Capital Management LLC increased its position in Snowflake by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 4,809,689 shares of the company’s stock worth $1,052,195,000 after purchasing an additional 249,668 shares in the last quarter. Finally, Norges Bank purchased a new stake in Snowflake during the 4th quarter worth about $974,091,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Up 0.2%

The stock has a market cap of $110.00 billion, a price-to-earnings ratio of -90.17 and a beta of 1.33. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm’s 50 day moving average is $259.10 and its two-hundred day moving average is $199.45.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.07. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. On average, sell-side analysts predict that Snowflake Inc. will post -1.84 EPS for the current 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.