Snowflake (SNOW) Expected to Announce Quarterly Earnings on Wednesday

Snowflake (NYSE:SNOW - Get Free Report) is anticipated to release its earnings data 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Snowflake Stock Performance

SNOW stock traded down $7.17 during midday trading on Friday, hitting $177.79. The company's stock had a trading volume of 5,310,494 shares, compared to its average volume of 5,068,049. The stock's 50-day moving average price is $172.88 and its 200 day moving average price is $143.96. 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 stock has a market cap of $58.69 billion, a price-to-earnings ratio of -52.45 and a beta of 1.07. Snowflake has a 1 year low of $107.13 and a 1 year high of $235.66.

Analyst Ratings Changes

A number of research firms have weighed in on SNOW. Truist Financial reiterated a "buy" rating and issued a $210.00 target price on shares of Snowflake in a research note on Thursday, November 21st. Oppenheimer increased their price objective on Snowflake from $180.00 to $200.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Evercore ISI boosted their target price on Snowflake from $190.00 to $200.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. UBS Group increased their price target on Snowflake from $155.00 to $190.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, BTIG Research raised Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a report on Thursday. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $193.43.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 558 shares of Snowflake stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00. Following the sale, the executive vice president now directly owns 690,647 shares of the company's stock, valued at approximately $123,625,813. The trade was a 0.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Slootman sold 127,247 shares of Snowflake stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $176.25, for a total value of $22,427,283.75. Following the sale, the director now directly owns 195,281 shares in the company, valued at approximately $34,418,276.25. The trade was a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 394,345 shares of company stock worth $67,286,835. 7.80% of the stock is currently owned by insiders.

About Snowflake

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.