Snowflake (SNOW) Expected to Announce Quarterly Earnings on Wednesday

Snowflake (NYSE:SNOW) is projected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Snowflake to post earnings of $0.17 per share and revenue of $955.79 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Snowflake Stock Performance

NYSE SNOW opened at $192.91 on Wednesday. Snowflake has a fifty-two week low of $107.13 and a fifty-two week high of $235.66. The stock has a market cap of $63.68 billion, a price-to-earnings ratio of -56.91 and a beta of 1.07. The business has a fifty day moving average of $172.08 and a 200-day moving average of $142.71. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Activity at Snowflake

In related news, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $168.42, for a total value of $12,916,466.64. Following the completion of the transaction, the executive now owns 346,741 shares of the company’s stock, valued at approximately $58,398,119.22. This represents a 18.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the completion of the transaction, the executive vice president now directly owns 552,930 shares of the company’s stock, valued at $103,121,445. This represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 516,933 shares of company stock valued at $88,283,752. Insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Loop Capital boosted their price target on Snowflake from $185.00 to $205.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Needham & Company LLC boosted their price target on Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Evercore ISI boosted their price target on Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price target for the company in a report on Tuesday. Finally, Monness Crespi & Hardt upped their target price on Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and an average target price of $188.94.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.