Snowflake (SNOW) Expected to Announce Quarterly Earnings on Wednesday

Snowflake (NYSE:SNOW) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $955.52 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Snowflake Stock Performance

Shares of Snowflake stock opened at $170.78 on Tuesday. The firm has a market capitalization of $56.38 billion, a P/E ratio of -50.38 and a beta of 1.07. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $172.85 and a 200 day moving average price of $144.51. Snowflake has a 52 week low of $107.13 and a 52 week high of $235.66.

Insider Buying and Selling at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was 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 owns 691,755 shares in the company, valued at approximately $124,515,900. This trade represents a 2.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Emily Ho sold 1,508 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $163.17, for a total value of $246,060.36. Following the completion of the transaction, the chief accounting officer now owns 44,760 shares in the company, valued at $7,303,489.20. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 371,810 shares of company stock worth $63,340,544. Corporate insiders own 7.80% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on SNOW shares. Monness Crespi & Hardt increased their price objective on shares of Snowflake from $140.00 to $188.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. TD Cowen raised their price target on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised shares of Snowflake from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Citigroup reduced their price target on shares of Snowflake from $200.00 to $183.00 and set a “buy” rating for the company in a research report on Monday, November 18th. One equities research 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Snowflake currently has an average rating of “Moderate Buy” and a consensus 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.