Snowflake (NYSE:SNOW) Stock Rating Reaffirmed as Buy by Needham & Company LLC

Snowflake (NYSE:SNOW)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a note issued to investors on Monday, Benzinga reports. They currently have a $450.00 price target on the stock. Needham & Company LLC’s price target would indicate a potential upside of 26.22% from the stock’s previous close.

Several other research analysts have also recently commented on the company. Phillip Securities upgraded Snowflake to a “strong-buy” rating in a research note on Sunday, September 27th. KeyCorp boosted their price target on Snowflake from $285.00 to $325.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $450.00 price target on Snowflake in a research note on Thursday, September 3rd. Bank of America boosted their price target on Snowflake from $330.00 to $395.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Rosenblatt Securities boosted their price target on Snowflake from $285.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Thirty-five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $414.24.

Snowflake Price Performance

Snowflake stock traded down $3.84 during mid-day trading on Monday, hitting $356.53. 4,110,389 shares of the company were exchanged, compared to its average volume of 6,506,079. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50 day simple moving average is $332.25 and its two-hundred day simple moving average is $250.65. The company has a market capitalization of $125.78 billion, a P/E ratio of -112.12 and a beta of 1.35. Snowflake has a 12-month low of $118.30 and a 12-month high of $384.56.

Snowflake (NYSE:SNOW) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative return on equity of 46.32% and a negative net margin of 20.07%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $0.35 earnings per share. Snowflake’s revenue was up 35.1% compared to the same quarter last year. Analysts forecast that Snowflake will post -1.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Frank Slootman sold 289,685 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $274.39, for a total value of $79,486,667.15. Following the completion of the transaction, the director directly owned 28,535 shares of the company’s stock, valued at $7,829,718.65. This represents a 91.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the completion of the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at $110,623,175. This trade represents a 6.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 1,246,429 shares of company stock valued at $396,227,952. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC bought a new position in Snowflake in the second quarter worth about $1,399,000. Silicon Valley Capital Partners raised its stake in Snowflake by 15.2% in the second quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock worth $15,801,000 after buying an additional 8,208 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Snowflake by 105.0% in the first quarter. Janney Montgomery Scott LLC now owns 92,937 shares of the company’s stock worth $14,017,000 after buying an additional 47,601 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in Snowflake by 96.6% in the fourth quarter. Temasek Holdings Private Ltd now owns 368,528 shares of the company’s stock worth $80,840,000 after buying an additional 181,101 shares in the last quarter. Finally, Diversify Wealth Management LLC raised its stake in Snowflake by 395.3% in the first quarter. Diversify Wealth Management LLC now owns 123,007 shares of the company’s stock worth $17,371,000 after buying an additional 98,172 shares in 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: Snowflake continues expanding its AI and data-platform ecosystem. UiPath integration, Treasure AI’s Snowflake Ready validation, and ATTOM’s launch of Semantic Views for property data could increase platform usage and reinforce Snowflake’s position as a governed data foundation for enterprise AI. Snowflake UiPath Integration Treasure AI Snowflake Validation ATTOM Semantic Views
• Positive Sentiment: Management says enterprises are moving AI projects from experimentation into production, supporting demand for Snowflake’s data governance, security, workflow automation, and agent capabilities. The appointment of database scientist Jeff Naughton as a Technical Fellow may also strengthen long-term product development. Snowflake Scaling AI Interview Jeff Naughton Joins Snowflake
• Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $450 price target, indicating that at least one analyst believes Snowflake’s AI-driven growth opportunity remains underappreciated. Needham Snowflake Rating
• Neutral Sentiment: InsuranceMarket.ae said it is building a trusted data foundation on Snowflake to improve customer experiences, providing another customer-use-case signal but no disclosed financial impact. InsuranceMarket Snowflake Customer
• Neutral Sentiment: Snowflake’s strong recent performance has drawn significant investor attention, with bullish commentary focused on AI as a demand engine for enterprise data workloads. However, these reports largely reinforce existing expectations rather than introduce a new catalyst. Snowflake AI Demand Engine
• Negative Sentiment: Valuation is the primary pressure on SNOW. Analysts note that the stock’s substantial six-month and multi-year gains have outpaced traditional sales and profitability metrics, while Snowflake remains GAAP-unprofitable. Phillip Securities downgraded the shares from Strong Buy to Moderate Buy, adding to caution after the recent rally. Snowflake Fully Priced Phillip Securities Snowflake Downgrade
• Negative Sentiment: Recent commentary also warns that AI adoption may not translate into immediate or proportional revenue growth, making the stock vulnerable to profit-taking if growth or guidance falls short of elevated expectations. Snowflake Risk Analysis

Snowflake Company Profile

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.