Snowflake (SNOW) Scheduled to Post Quarterly Earnings on Wednesday

Snowflake (NYSE:SNOWGet Rating) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 30th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Snowflake (NYSE:SNOWGet Rating) last issued its quarterly earnings results on Wednesday, August 24th. The company reported ($0.67) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.16). The business had revenue of $497.25 million for the quarter, compared to analysts’ expectations of $466.03 million. Snowflake had a negative return on equity of 12.57% and a negative net margin of 41.25%. On average, analysts expect Snowflake to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Snowflake Price Performance

Shares of Snowflake stock opened at $143.36 on Wednesday. Snowflake has a 1-year low of $110.26 and a 1-year high of $378.11. The company’s fifty day simple moving average is $165.24 and its 200-day simple moving average is $155.20. The stock has a market capitalization of $45.88 billion, a PE ratio of -66.06 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SNOW. Cowen lifted their target price on shares of Snowflake from $230.00 to $235.00 and gave the company an “outperform” rating in a research note on Thursday, August 25th. Piper Sandler reduced their price target on shares of Snowflake from $220.00 to $218.00 and set an “overweight” rating on the stock in a report on Thursday, October 20th. Oppenheimer boosted their target price on shares of Snowflake from $200.00 to $230.00 in a report on Thursday, August 25th. Cowen boosted their target price on shares of Snowflake from $230.00 to $235.00 and gave the stock an “outperform” rating in a report on Thursday, August 25th. Finally, Loop Capital boosted their target price on shares of Snowflake from $180.00 to $210.00 in a report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average target price of $211.97.

Insiders Place Their Bets

In other news, Director Teresa Briggs sold 1,224 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $195.73, for a total transaction of $239,573.52. Following the sale, the director now directly owns 2,217 shares in the company, valued at $433,933.41. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Snowflake news, Director Teresa Briggs sold 1,224 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $195.73, for a total value of $239,573.52. Following the transaction, the director now owns 2,217 shares of the company’s stock, valued at $433,933.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Benoit Dageville sold 724 shares of the company’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $181.11, for a total value of $131,123.64. Following the transaction, the insider now directly owns 15,512 shares in the company, valued at approximately $2,809,378.32. The disclosure for this sale can be found here. Insiders have sold a total of 3,599 shares of company stock valued at $669,710 in the last three months. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in Snowflake by 333.3% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 130 shares of the company’s stock worth $29,000 after buying an additional 100 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Snowflake by 822.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 166 shares of the company’s stock worth $38,000 after buying an additional 148 shares during the last quarter. Ancora Advisors LLC lifted its stake in Snowflake by 407.0% in the first quarter. Ancora Advisors LLC now owns 289 shares of the company’s stock valued at $66,000 after purchasing an additional 232 shares during the last quarter. Achmea Investment Management B.V. purchased a new position in Snowflake in the first quarter valued at approximately $68,000. Finally, Brinker Capital Investments LLC lifted its position in shares of Snowflake by 73.4% during the first quarter. Brinker Capital Investments LLC now owns 1,384 shares of the company’s stock worth $317,000 after acquiring an additional 586 shares in the last quarter. Institutional investors own 66.74% of the company’s stock.

Snowflake Company Profile

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Snowflake Inc provides a cloud-based data platform in the United States and internationally. The company's 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. Its platform is used by various organizations of sizes in a range of industries.

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Earnings History for Snowflake (NYSE:SNOW)

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