Equities Analysts Set Expectations for Snowflake Q1 Earnings

Snowflake Inc. (NYSE:SNOW) – Capital One Financial issued their Q1 2027 EPS estimates for shares of Snowflake in a report issued on Tuesday, April 15th. Capital One Financial analyst C. Murphy expects that the company will post earnings of ($0.62) per share for the quarter. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share. Capital One Financial also issued estimates for Snowflake’s Q2 2027 earnings at ($0.57) EPS, Q3 2027 earnings at ($0.52) EPS and Q4 2027 earnings at ($0.43) EPS.

A number of other research analysts have also recently commented on the company. Needham & Company LLC raised their target price on Snowflake from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Wolfe Research raised Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 price objective for the company in a research report on Tuesday, February 18th. Mizuho upped their target price on shares of Snowflake from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Canaccord Genuity Group lifted their price target on shares of Snowflake from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, BTIG Research upgraded shares of Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a report on Thursday, February 20th. Ten research analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $202.51.

Snowflake Stock Performance

Shares of SNOW opened at $146.05 on Thursday. The company has a 50-day simple moving average of $160.73 and a two-hundred day simple moving average of $153.93. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market capitalization of $48.21 billion, a PE ratio of -43.08 and a beta of 1.13. Snowflake has a one year low of $107.13 and a one year high of $194.40.

Institutional Trading of Snowflake

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prentice Wealth Management LLC purchased a new stake in Snowflake during the 1st quarter valued at approximately $369,000. Ritholtz Wealth Management bought a new position in shares of Snowflake during the first quarter worth $355,000. Dynamic Advisor Solutions LLC purchased a new position in Snowflake during the first quarter valued at $377,000. Opal Wealth Advisors LLC bought a new stake in Snowflake in the 1st quarter valued at $26,000. Finally, Capital Investment Services of America Inc. lifted its stake in Snowflake by 1.4% in the 1st quarter. Capital Investment Services of America Inc. now owns 100,999 shares of the company’s stock worth $14,762,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares of the company’s stock, valued at $34,418,276.25. This trade represents a 39.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was 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 approximately $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 491,589 shares of company stock valued at $82,405,796 over the last quarter. 7.80% of the stock is currently owned by company insiders.

Snowflake Company Profile

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.