Snowflake (NYSE:SNOW) Raised to “Hold” at Zacks Research

Snowflake (NYSE:SNOW) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Scotiabank decreased their price objective on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a report on Thursday, February 26th. Macquarie Infrastructure lifted their target price on shares of Snowflake from $235.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, December 4th. Raymond James Financial reissued an “outperform” rating on shares of Snowflake in a research note on Monday, February 2nd. Wells Fargo & Company lowered their price objective on shares of Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Citigroup cut their price objective on Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Trading Up 5.5%

NYSE:SNOW opened at $177.48 on Wednesday. The company has a fifty day moving average of $194.68 and a 200 day moving average of $221.87. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $60.73 billion, a P/E ratio of -44.93 and a beta of 1.16.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.30 earnings per share. On average, research analysts predict that Snowflake will post -2.36 earnings per share for the current year.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total value of $44,366,000.00. Following the sale, the director directly owned 50,329 shares of the company’s stock, valued at $11,164,482.07. The trade was a 79.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares in the company, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 662,940 shares of company stock worth $135,715,906 over the last three months. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently modified their holdings of the stock. SHP Wealth Management purchased a new position in shares of Snowflake in the 4th quarter worth about $39,000. Reflection Asset Management bought a new stake in Snowflake during the 4th quarter valued at about $106,000. MidFirst Bank bought a new stake in Snowflake during the 4th quarter valued at about $132,000. Pacer Advisors Inc. raised its holdings in Snowflake by 73.9% in the fourth quarter. Pacer Advisors Inc. now owns 33,923 shares of the company’s stock worth $7,441,000 after buying an additional 14,416 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in Snowflake in the fourth quarter worth about $1,706,000. 65.10% of the stock is currently owned by institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 / FY2026 beat and AI positioning underpin optimism — Snowflake’s recent quarter showed product‑revenue strength and management emphasized AI platform momentum, which appears to be driving post‑earnings follow‑through. Snowflake shares rise 4.4%
• Positive Sentiment: Wall Street remains constructive with several buy/overweight ratings and above‑consensus price targets (median targets well above the current price), supporting upside expectations for a recovery if AI consumption grows. Wall Street Thinks SNOW Can Gain 40%
• Positive Sentiment: Broker and industry coverage (including Goldman/others) highlight potential AI upside from Snowflake’s platform and partner integrations — a catalyst for investors betting on accelerating consumption. Snowflake earnings beat
• Neutral Sentiment: Insider sale disclosed — EVP Christian Kleinerman sold 10,000 shares in early March; the sale is relatively small versus his remaining stake but may be noticed by short‑term traders. SEC Form 4
• Neutral Sentiment: Investor events and presentations (e.g., Morgan Stanley conference transcript) provide management color on strategy and AI roadmap — useful for modeling but not an immediate market mover. Morgan Stanley transcript
• Negative Sentiment: Multiple securities‑class action filings and investor alerts allege misleading disclosures tied to product/pricing after Snowflake’s AI offerings — the volume of filings increases headline risk, could pressure sentiment, and may result in legal costs or management distraction. Rosen Law Firm notice Pomerantz investor alert

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.