Snowflake (SNOW) Expected to Announce Earnings on Wednesday

Snowflake (NYSE:SNOW) will likely be posting 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 $955.52 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Snowflake Trading Down 3.9 %

Shares of Snowflake stock opened at $177.79 on Monday. Snowflake has a 12-month low of $107.13 and a 12-month high of $235.66. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.69 billion, a PE ratio of -52.45 and a beta of 1.07. The company has a 50-day moving average of $172.88 and a two-hundred day moving average of $144.17.

Insider Activity at Snowflake

In related news, CAO Emily Ho sold 1,508 shares of Snowflake stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total transaction of $246,060.36. Following the sale, the chief accounting officer now owns 44,760 shares of the company’s stock, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $186.50, for a total transaction of $2,797,500.00. Following the sale, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This trade represents a 2.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 392,324 shares of company stock worth $66,935,828. 7.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of Snowflake from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Barclays raised shares of Snowflake from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Friday, January 10th. Oppenheimer raised their price objective on shares of Snowflake from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Truist Financial reissued a “buy” rating and set a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.43.

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.