Snowflake (NYSE:SNOW - Get Free Report) will likely be announcing its Q1 2026 earnings results after the market closes on Wednesday, May 21st. Analysts expect the company to announce earnings of $0.22 per share and revenue of $1.01 billion for the quarter.
Snowflake Trading Up 0.4%
SNOW traded up $0.76 during midday trading on Tuesday, hitting $182.81. The company's stock had a trading volume of 4,216,765 shares, compared to its average volume of 6,409,322. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. The firm has a market cap of $60.35 billion, a P/E ratio of -53.93 and a beta of 1.11. The firm has a 50-day moving average price of $156.90 and a two-hundred day moving average price of $162.25. Snowflake has a 52-week low of $107.13 and a 52-week high of $194.40.
Insider Activity
In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $171.75, for a total value of $2,576,250.00. Following the transaction, the executive vice president now owns 594,975 shares of the company's stock, valued at $102,186,956.25. This trade represents a 2.46% 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, CFO Michael Scarpelli sold 300,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the transaction, the chief financial officer now directly owns 292,610 shares in the company, valued at $47,756,878.10. This represents a 50.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 356,963 shares of company stock worth $58,204,058. 7.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Snowflake stock. Intech Investment Management LLC boosted its stake in shares of Snowflake Inc. (NYSE:SNOW - Free Report) by 24.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,202 shares of the company's stock after purchasing an additional 2,167 shares during the quarter. Intech Investment Management LLC's holdings in Snowflake were worth $1,637,000 at the end of the most recent reporting period. 65.10% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have commented on SNOW shares. BTIG Research upgraded Snowflake from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a report on Thursday, February 20th. KeyCorp reduced their price objective on Snowflake from $220.00 to $192.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler reduced their price objective on Snowflake from $215.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Canaccord Genuity Group lifted their price objective on Snowflake from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $205.00 price objective on shares of Snowflake in a research note on Monday. Ten research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Snowflake currently has an average rating of "Moderate Buy" and a consensus target price of $201.00.
View Our Latest Stock Report on SNOW
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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