Cantor Fitzgerald Weighs in on Snowflake FY2025 Earnings

Snowflake Inc. (NYSE:SNOW) – Cantor Fitzgerald issued their FY2025 earnings estimates for Snowflake in a research report issued to clients and investors on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey expects that the company will earn ($2.35) per share for the year. Cantor Fitzgerald has a “Strong-Buy” rating and a $201.00 price target on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

A number of other brokerages also recently commented on SNOW. TD Cowen upped their price objective on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. KeyCorp upped their price target on shares of Snowflake from $185.00 to $210.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. DA Davidson reissued a “buy” rating and set a $175.00 target price on shares of Snowflake in a research note on Thursday, October 3rd. Argus started coverage on shares of Snowflake in a research note on Tuesday, October 1st. They issued a “hold” rating on the stock. Finally, Wedbush upgraded Snowflake from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Stock Down 1.5 %

NYSE:SNOW opened at $174.77 on Friday. The firm has a market capitalization of $57.69 billion, a PE ratio of -51.56 and a beta of 1.05. Snowflake has a 52 week low of $107.13 and a 52 week high of $237.72. 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 stock has a 50 day moving average of $164.87 and a 200-day moving average of $135.90.

Institutional Trading of Snowflake

Institutional investors have recently added to or reduced their stakes in the business. Groupama Asset Managment acquired a new stake in shares of Snowflake in the 3rd quarter valued at $25,000. V Square Quantitative Management LLC bought a new position in Snowflake during the third quarter valued at about $30,000. Fortitude Family Office LLC acquired a new stake in shares of Snowflake in the third quarter worth about $34,000. Perkins Coie Trust Co lifted its position in shares of Snowflake by 136.3% in the fourth quarter. Perkins Coie Trust Co now owns 241 shares of the company’s stock worth $37,000 after buying an additional 139 shares during the last quarter. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Snowflake during the 4th quarter worth about $38,000. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frank Slootman sold 45,896 shares of Snowflake stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the completion of the sale, the director now owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. This trade represents a 18.02 % 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 company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $120.77, for a total value of $1,811,550.00. Following the completion of the transaction, the executive vice president now directly owns 706,755 shares in the company, valued at approximately $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. Over the last three months, insiders sold 504,151 shares of company stock worth $84,973,139. 7.80% of the stock is owned by company insiders.

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.