Snowflake (SNOW) Expected to Announce Quarterly Earnings on Wednesday

Snowflake (NYSE:SNOW) is expected to be posting its quarterly earnings results 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Snowflake Stock Down 4.0 %

NYSE SNOW opened at $170.78 on Tuesday. Snowflake has a 52 week low of $107.13 and a 52 week high of $235.66. 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 business’s fifty day simple moving average is $172.85 and its 200-day simple moving average is $144.51. The firm has a market cap of $56.38 billion, a PE ratio of -50.38 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Mizuho boosted their price objective on shares of Snowflake from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Wolfe Research raised shares of Snowflake from a “peer perform” rating to an “outperform” rating and set a $235.00 target price on the stock in a research report on Tuesday, February 18th. Monness Crespi & Hardt upped their target price 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. Finally, Wedbush set a $210.00 target price on shares of Snowflake in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.43.

Insider Buying and Selling

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $186.50, for a total value of $2,797,500.00. Following the transaction, the executive vice president now directly owns 552,930 shares in the company, valued at $103,121,445. This represents a 2.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the stock in a transaction that occurred on 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 transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 371,810 shares of company stock worth $63,340,544. Company insiders own 7.80% of the company’s stock.

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.