Cantor Fitzgerald Estimates Snowflake FY2025 Earnings

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

Several other equities research analysts have also recently issued reports on the company. StockNews.com cut Snowflake from a “hold” rating to a “sell” rating in a report on Friday. Wells Fargo & Company raised Snowflake from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $150.00 to $200.00 in a report on Tuesday, January 7th. Oppenheimer raised their target price on shares of Snowflake from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Scotiabank upped their price target on shares of Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research note on Monday, December 9th. Finally, Argus began coverage on shares of Snowflake in a research note on Tuesday, October 1st. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $188.06.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $174.05 on Friday. The company has a market cap of $57.45 billion, a P/E ratio of -51.34 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 debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm’s fifty day moving average is $164.87 and its two-hundred day moving average is $135.90.

Hedge Funds Weigh In On Snowflake

Institutional investors and hedge funds have recently bought and sold shares of the company. Calamos Wealth Management LLC boosted its position in shares of Snowflake by 2.0% in the 4th quarter. Calamos Wealth Management LLC now owns 72,612 shares of the company’s stock worth $11,212,000 after purchasing an additional 1,436 shares in the last quarter. Calamos Advisors LLC boosted its holdings in Snowflake by 1,169.6% in the fourth quarter. Calamos Advisors LLC now owns 100,985 shares of the company’s stock worth $15,593,000 after acquiring an additional 93,031 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Snowflake by 92.2% during the fourth quarter. Jennison Associates LLC now owns 7,637,006 shares of the company’s stock worth $1,179,230,000 after acquiring an additional 3,662,671 shares during the last quarter. Chicago Capital LLC increased its holdings in shares of Snowflake by 12.3% during the fourth quarter. Chicago Capital LLC now owns 6,817 shares of the company’s stock valued at $1,053,000 after acquiring an additional 744 shares in the last quarter. Finally, SYM FINANCIAL Corp purchased a new position in shares of Snowflake in the 4th quarter valued at approximately $242,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frank Slootman sold 45,896 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the sale, the director now directly owns 208,735 shares of the company’s stock, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 504,151 shares of company stock worth $84,973,139. Corporate insiders own 7.80% 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.