Capital One Financial Comments on Snowflake Q1 Earnings

Snowflake Inc. (NYSE:SNOW - Free Report) - Equities research analysts at Capital One Financial issued their Q1 2027 earnings estimates for shares of Snowflake in a research report issued to clients and investors on Tuesday, April 15th. Capital One Financial analyst C. Murphy anticipates that the company will post earnings per share of ($0.62) 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.

Several other analysts have also recently commented on SNOW. Needham & Company LLC boosted their price target on shares of Snowflake from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Evercore ISI boosted their target price on Snowflake from $190.00 to $200.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. DA Davidson reduced their price objective on Snowflake from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company increased their target price on Snowflake from $210.00 to $215.00 and gave the company an "overweight" rating in a research report on Thursday, February 27th. Finally, BTIG Research upgraded shares of Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target on the stock in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $201.76.

Snowflake Price Performance

Shares of NYSE:SNOW traded down $2.74 during midday trading on Thursday, reaching $143.34. 2,483,780 shares of the company were exchanged, compared to its average volume of 6,427,039. The stock has a market cap of $47.32 billion, a PE ratio of -42.28 and a beta of 1.13. The business's fifty day moving average is $159.07 and its two-hundred day moving average is $154.66. Snowflake has a one year low of $107.13 and a one year high of $194.40. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 127,247 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total transaction of $22,427,283.75. Following the completion of the sale, the director now directly owns 195,281 shares of the company's stock, valued at approximately $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now owns 292,610 shares in the company, valued at $47,756,878.10. This represents a 50.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 491,589 shares of company stock worth $82,405,796. 7.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jennison Associates LLC increased its position in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company's stock worth $1,179,230,000 after purchasing an additional 3,662,671 shares in the last quarter. Norges Bank acquired a new position in Snowflake during the 4th quarter valued at about $988,950,000. FMR LLC raised its stake in Snowflake by 84.9% in the fourth quarter. FMR LLC now owns 6,108,123 shares of the company's stock valued at $943,155,000 after buying an additional 2,805,425 shares during the last quarter. GQG Partners LLC acquired a new stake in Snowflake in the fourth quarter worth about $750,572,000. Finally, Geode Capital Management LLC grew its stake in shares of Snowflake by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company's stock worth $642,742,000 after acquiring an additional 15,314 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.

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.