Equities Analysts Issue Forecasts for Snowflake Q2 Earnings

Snowflake Inc. (NYSE:SNOW - Free Report) - Stock analysts at Capital One Financial dropped their Q2 2026 earnings per share (EPS) estimates for shares of Snowflake in a research report issued to clients and investors on Wednesday, January 15th. Capital One Financial analyst C. Murphy now expects that the company will post earnings of ($0.57) per share for the quarter, down from their previous forecast of ($0.54). The consensus estimate for Snowflake's current full-year earnings is ($2.36) per share. Capital One Financial also issued estimates for Snowflake's Q3 2026 earnings at ($0.54) EPS and Q4 2026 earnings at ($0.52) EPS.

A number of other equities analysts also recently weighed in on the stock. Royal Bank of Canada increased their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. StockNews.com lowered Snowflake from a "hold" rating to a "sell" rating in a research report on Thursday. Oppenheimer boosted their price target on Snowflake from $180.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Scotiabank raised their price objective on Snowflake from $170.00 to $220.00 and gave the stock a "sector outperform" rating in a report on Monday, December 9th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $210.00 price objective on shares of Snowflake in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $188.06.

Snowflake Trading Up 1.9 %

Shares of SNOW traded up $3.25 during mid-day trading on Monday, hitting $170.89. The company had a trading volume of 4,156,568 shares, compared to its average volume of 3,873,271. Snowflake has a 1-year low of $107.13 and a 1-year high of $237.72. The business's 50-day simple moving average is $161.11 and its 200-day simple moving average is $134.92. The stock has a market cap of $56.41 billion, a PE ratio of -50.41 and a beta of 1.05. 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 Buying and Selling at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the transaction, the executive now directly owns 311,999 shares in the company, valued at $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Emily Ho sold 2,021 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $173.68, for a total value of $351,007.28. Following the transaction, the chief accounting officer now directly owns 26,874 shares of the company's stock, valued at $4,667,476.32. This trade represents a 6.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 376,904 shares of company stock worth $62,545,855 over the last 90 days. Insiders own 7.80% of the company's stock.

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board lifted its position in Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company's stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company's stock valued at $464,402,000 after purchasing an additional 881,700 shares during the period. AQR Capital Management LLC raised its holdings in shares of Snowflake by 210.0% during the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company's stock valued at $131,656,000 after buying an additional 660,168 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Snowflake by 471.9% during the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company's stock worth $87,489,000 after buying an additional 628,511 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Snowflake by 12,318.3% in the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company's stock worth $60,977,000 after buying an additional 526,608 shares in the last quarter. 65.10% of the stock is currently owned by institutional investors.

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.