Scotiabank Estimates Snowflake’s FY2025 Earnings (NYSE:SNOW)

Snowflake Inc. (NYSE:SNOW) – Equities research analysts at Scotiabank increased their FY2025 EPS estimates for Snowflake in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Colville now anticipates that the company will post earnings per share of ($2.36) for the year, up from their previous estimate of ($2.38). Scotiabank currently has a “Sector Outperform” rating and a $220.00 price target on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

A number of other research firms have also weighed in on SNOW. Jefferies Financial Group upped their price target on shares of Snowflake from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company upgraded Snowflake from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $150.00 to $200.00 in a report on Tuesday. Bank of America raised their price objective on shares of Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. TD Cowen increased their price target on shares of Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, UBS Group dropped their price objective 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. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.11.

Snowflake Stock Up 1.5 %

Shares of Snowflake stock opened at $161.16 on Friday. 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 50 day moving average price of $155.48 and a two-hundred day moving average price of $133.61. The stock has a market capitalization of $53.20 billion, a P/E ratio of -47.54 and a beta of 1.05. Snowflake has a 12-month low of $107.13 and a 12-month high of $237.72.

Insider Buying and Selling at Snowflake

In related news, EVP Christian Kleinerman sold 15,000 shares of Snowflake stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Christopher William Degnan sold 12,782 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total value of $2,009,841.68. Following the sale, the executive now owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 376,904 shares of company stock worth $62,545,855. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC raised its position in Snowflake by 190.2% during the 2nd quarter. Acadian Asset Management LLC now owns 8,652 shares of the company’s stock worth $1,166,000 after purchasing an additional 5,671 shares during the last quarter. Quest Partners LLC increased its position in Snowflake by 501.9% during the 2nd quarter. Quest Partners LLC now owns 5,405 shares of the company’s stock valued at $730,000 after purchasing an additional 4,507 shares during the period. Choreo LLC raised its holdings in Snowflake by 48.1% during the 2nd quarter. Choreo LLC now owns 12,246 shares of the company’s stock worth $1,745,000 after purchasing an additional 3,979 shares during the last quarter. Andra AP fonden bought a new stake in shares of Snowflake in the 2nd quarter valued at $3,229,000. Finally, American Century Companies Inc. lifted its stake in shares of Snowflake by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 707,397 shares of the company’s stock valued at $95,562,000 after purchasing an additional 38,966 shares during the period. Institutional investors own 65.10% of the company’s stock.

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.