Cantor Fitzgerald Estimates Snowflake FY2025 Earnings

Snowflake Inc. (NYSE:SNOW) – Investment analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of Snowflake in a research report issued on Tuesday, January 21st. Cantor Fitzgerald analyst T. Blakey forecasts that the company will post earnings per share of ($2.35) 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.

Several other brokerages also recently weighed in on SNOW. Needham & Company LLC increased their target price on Snowflake from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. TD Cowen increased their price objective on Snowflake from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Monness Crespi & Hardt boosted their target price on shares of Snowflake from $140.00 to $188.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Oppenheimer increased their price target on shares of Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada raised their price target on shares of Snowflake from $175.00 to $188.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Snowflake has a consensus rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Stock Down 1.5 %

SNOW stock opened at $174.77 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The company has a 50-day moving average of $164.87 and a two-hundred day moving average of $135.90. The stock has a market capitalization of $57.69 billion, a price-to-earnings 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.

Hedge Funds Weigh In On Snowflake

Several hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board grew its holdings in shares of Snowflake by 19,399.2% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after buying an additional 2,559,144 shares during the period. Two Sigma Advisers LP grew its stake in Snowflake by 27.9% in the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after acquiring an additional 881,700 shares during the period. AQR Capital Management LLC increased its holdings in shares of Snowflake by 210.0% in the second quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock worth $131,656,000 after acquiring an additional 660,168 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Snowflake by 471.9% during the third quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock worth $87,489,000 after purchasing an additional 628,511 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Snowflake by 12,318.3% during the 3rd quarter. International Assets Investment Management LLC now owns 530,883 shares of the company’s stock valued at $60,977,000 after purchasing an additional 526,608 shares in the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Insider Transactions at Snowflake

In other Snowflake news, CRO Christopher William Degnan sold 76,692 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the completion of the sale, the executive now owns 346,741 shares in the company, valued at approximately $58,398,119.22. The trade was a 18.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank Slootman sold 127,247 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $176.25, for a total value of $22,427,283.75. Following the completion of the transaction, the director now owns 195,281 shares in the company, valued at $34,418,276.25. This represents a 39.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 504,151 shares of company stock worth $84,973,139 over the last 90 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.