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

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

Other research analysts have also recently issued reports about the stock. Evercore ISI boosted their price target on shares of Snowflake from $170.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Barclays lifted their target price on Snowflake from $172.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Truist Financial reissued a “buy” rating and set a $210.00 target price on shares of Snowflake in a research report on Thursday, November 21st. Finally, StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $187.11.

Snowflake Trading Up 1.5 %

NYSE SNOW opened at $161.16 on Friday. 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 business has a fifty day simple moving average of $155.48 and a 200 day simple moving average of $133.61. Snowflake has a 12 month low of $107.13 and a 12 month high of $237.72. The firm has a market capitalization of $53.20 billion, a P/E ratio of -47.54 and a beta of 1.05.

Insider Transactions at Snowflake

In related news, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the transaction, the executive now directly owns 311,999 shares in the company, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 706,755 shares in the company, valued at $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 376,904 shares of company stock worth $62,545,855 over the last three months. 7.80% of the stock is currently owned by company insiders.

Institutional Trading of Snowflake

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its position in shares of Snowflake by 190.2% during the second quarter. Acadian Asset Management LLC now owns 8,652 shares of the company’s stock valued at $1,166,000 after buying an additional 5,671 shares during the last quarter. Quest Partners LLC grew its position in shares of Snowflake by 501.9% during the second 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 in the last quarter. Choreo LLC lifted its position in shares of Snowflake by 48.1% in the second quarter. Choreo LLC now owns 12,246 shares of the company’s stock worth $1,745,000 after buying an additional 3,979 shares in the last quarter. Andra AP fonden bought a new position in shares of Snowflake during the 2nd quarter valued at approximately $3,229,000. Finally, American Century Companies Inc. lifted its position in Snowflake by 5.8% during the second 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 last quarter. Hedge funds and other 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.