Snowflake (NYSE:SNOW) Given New $300.00 Price Target at Truist Financial

Snowflake (NYSE:SNOW) had its price target lifted by Truist Financial from $275.00 to $300.00 in a report released on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

SNOW has been the topic of a number of other reports. Wedbush boosted their target price on shares of Snowflake from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Thursday, May 28th. The Goldman Sachs Group upped their price objective on shares of Snowflake from $216.00 to $278.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Snowflake from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. BTIG Research upped their price objective on shares of Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company upped their price objective on shares of Snowflake from $210.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.87.

Snowflake Stock Performance

NYSE SNOW opened at $238.12 on Friday. 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 stock has a market cap of $82.32 billion, a PE ratio of -67.65 and a beta of 1.35. Snowflake has a 52-week low of $118.30 and a 52-week high of $284.99. The firm has a 50-day moving average of $165.25 and a 200-day moving average of $190.55.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.32 billion. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. On average, sell-side analysts anticipate that Snowflake will post -2.13 EPS for the current year.

Insider Transactions at Snowflake

In other news, Director Michael L. Speiser sold 50,338 shares of the 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 transaction, the director owned 29,396 shares of the company’s stock, valued at $4,356,781.16. This represents a 63.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the transaction, the director directly owned 8,801 shares in the company, valued at $2,200,250. This trade represents a 91.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,538,672 shares of company stock valued at $346,816,863 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SNOW. Kemnay Advisory Services Inc. acquired a new position in Snowflake during the fourth quarter worth $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake during the fourth quarter worth $29,000. GoalVest Advisory LLC raised its holdings 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 buying an additional 93 shares during the last quarter. Physician Wealth Advisors Inc. raised its holdings in Snowflake by 56.0% during the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after buying an additional 51 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in Snowflake by 95.2% during the first quarter. Emerald Advisers LLC now owns 205 shares of the company’s stock worth $31,000 after buying an additional 100 shares during the last quarter. 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: Truist raised its price target on Snowflake to $300 and kept a buy rating, signaling continued analyst confidence in upside for SNOW.
• Positive Sentiment: Jefferies said Snowflake’s AI monetization opportunity is gaining traction and reiterated its buy rating with a $300 target.
• Positive Sentiment: Snowflake’s Summit 26 introduced new AI product upgrades and partnerships, reinforcing the company’s growth narrative in enterprise AI.
• Neutral Sentiment: Coverage comparing Snowflake with peers like MongoDB adds visibility, but it is more relevant to long-term positioning than near-term earnings impact.
• Negative Sentiment: Analysts and market commentary continue to flag margin pressure, competition, and a premium valuation as risks that could limit further upside.
• Negative Sentiment: Recent insider selling by Frank Slootman and Christian Kleinerman may create some overhang on sentiment despite being part of pre-planned trading activity.

About Snowflake

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.