Capital One Financial Comments on Snowflake Q1 Earnings

Snowflake Inc. (NYSE:SNOW) – Stock analysts at Capital One Financial issued their Q1 2027 earnings per share estimates for shares of Snowflake in a research report issued to clients and investors on Tuesday, April 15th. Capital One Financial analyst C. Murphy anticipates that the company will earn ($0.62) per share for the quarter. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share. Capital One Financial also issued estimates for Snowflake’s Q2 2027 earnings at ($0.57) EPS, Q3 2027 earnings at ($0.52) EPS and Q4 2027 earnings at ($0.43) EPS.

A number of other analysts also recently weighed in on SNOW. Oppenheimer boosted their target price on shares of Snowflake from $200.00 to $220.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. StockNews.com upgraded Snowflake from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a report on Thursday, February 27th. Daiwa Capital Markets assumed coverage on Snowflake in a research report on Tuesday, April 1st. They set a “buy” rating and a $210.00 target price on the stock. Finally, BTIG Research upgraded Snowflake from a “neutral” rating to a “buy” rating and set a $220.00 price target for the company in a research report on Thursday, February 20th. Ten investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $202.51.

Snowflake Price Performance

Snowflake stock opened at $146.05 on Thursday. Snowflake has a 52-week low of $107.13 and a 52-week high of $194.40. 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 firm’s fifty day moving average is $160.73 and its 200 day moving average is $153.93. The company has a market cap of $48.21 billion, a price-to-earnings ratio of -43.08 and a beta of 1.13.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SNOW. Jennison Associates LLC boosted its position in Snowflake by 92.2% in the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock valued at $1,179,230,000 after buying an additional 3,662,671 shares during the last quarter. Norges Bank acquired a new stake in shares of Snowflake in the fourth quarter worth $988,950,000. FMR LLC raised its holdings in shares of Snowflake by 84.9% during the fourth quarter. FMR LLC now owns 6,108,123 shares of the company’s stock worth $943,155,000 after purchasing an additional 2,805,425 shares during the last quarter. GQG Partners LLC acquired a new position in Snowflake during the fourth quarter valued at $750,572,000. Finally, Geode Capital Management LLC boosted its holdings in Snowflake by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 4,167,460 shares of the company’s stock valued at $642,742,000 after purchasing an additional 15,314 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $163.21, for a total transaction of $48,963,000.00. Following the completion of the sale, the chief financial officer now directly owns 292,610 shares in the company, valued at approximately $47,756,878.10. The trade was a 50.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the company’s stock in a transaction on Friday, April 4th. The shares were sold at an average price of $129.25, for a total value of $52,087.75. Following the completion of the transaction, the director now directly owns 26,375 shares in the company, valued at approximately $3,408,968.75. The trade was a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 491,589 shares of company stock worth $82,405,796 in the last ninety days. 7.80% of the stock is owned by insiders.

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.