Snowflake Inc. (NYSE:SNOW - Free Report) - Scotiabank upped their FY2025 earnings per share (EPS) estimates for Snowflake in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Colville now expects that the company will earn ($2.36) per share for the year, up from their previous forecast of ($2.38). Scotiabank currently has a "Sector Outperform" rating and a $220.00 target price on the stock. The consensus estimate for Snowflake's current full-year earnings is ($2.36) per share.
SNOW has been the subject of several other reports. Royal Bank of Canada boosted their target price on Snowflake from $175.00 to $188.00 and gave the stock an "outperform" rating in a report on Thursday, November 21st. Citigroup decreased their price objective on shares of Snowflake from $200.00 to $183.00 and set a "buy" rating for the company in a report on Monday, November 18th. UBS Group dropped their target price on shares of Snowflake from $155.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, September 24th. Argus initiated coverage on Snowflake in a research report on Tuesday, October 1st. They issued a "hold" rating on the stock. Finally, Loop Capital boosted their price objective on Snowflake from $185.00 to $205.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, Snowflake presently has a consensus rating of "Moderate Buy" and an average price target of $187.11.
Get Our Latest Stock Analysis on SNOW
Snowflake Stock Up 1.0 %
NYSE:SNOW traded up $1.62 during trading hours on Friday, reaching $162.65. The company's stock had a trading volume of 5,898,992 shares, compared to its average volume of 4,806,422. Snowflake has a one year low of $107.13 and a one year high of $237.72. The business's 50-day moving average is $156.42 and its 200-day moving average is $133.87. 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 company has a market cap of $53.69 billion, a price-to-earnings ratio of -47.98 and a beta of 1.05.
Insider Activity at Snowflake
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president now directly owns 691,755 shares of the company's stock, valued at $124,515,900. This represents a 2.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total value of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 376,904 shares of company stock valued at $62,545,855. Corporate insiders own 7.80% of the company's stock.
Institutional Trading of Snowflake
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Groupama Asset Managment bought a new stake in shares of Snowflake during the 3rd quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of Snowflake in the 3rd quarter valued at $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the 3rd quarter valued at $34,000. Larson Financial Group LLC raised its position in Snowflake by 81.3% in the third quarter. Larson Financial Group LLC now owns 339 shares of the company's stock valued at $39,000 after purchasing an additional 152 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Snowflake during the third quarter valued at about $40,000. Institutional investors own 65.10% of the company's stock.
About Snowflake
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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.
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