What is Scotiabank’s Estimate for Snowflake FY2025 Earnings?

Snowflake Inc. (NYSE:SNOW) – Equities researchers at Scotiabank increased their FY2025 EPS estimates for Snowflake in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Colville now anticipates that the company will earn ($2.36) per share for the year, up from their previous forecast of ($2.38). Scotiabank currently has a “Sector Outperform” rating and a $220.00 target price on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

A number of other analysts also recently commented on SNOW. Loop Capital increased their price target on Snowflake from $185.00 to $205.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Bank of America lifted their target price on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. DA Davidson reissued a “buy” rating and issued a $175.00 price target on shares of Snowflake in a report on Thursday, October 3rd. Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of Snowflake in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upgraded shares of Snowflake from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $150.00 to $200.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.11.

Snowflake Trading Up 1.0 %

NYSE:SNOW opened at $162.65 on Friday. Snowflake has a 52 week low of $107.13 and a 52 week high of $237.72. The firm has a 50-day moving average price of $156.42 and a two-hundred day moving average price of $133.87. 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 has a market cap of $53.69 billion, a price-to-earnings ratio of -47.98 and a beta of 1.05.

Hedge Funds Weigh In On Snowflake

A number of large investors have recently bought and sold shares of the stock. Groupama Asset Managment purchased a new position in shares of Snowflake in the third quarter valued at about $25,000. V Square Quantitative Management LLC bought a new stake in shares of Snowflake in the third quarter worth about $30,000. Fortitude Family Office LLC purchased a new position in Snowflake during the 3rd quarter valued at about $34,000. Larson Financial Group LLC raised its position in Snowflake by 81.3% during the 3rd quarter. Larson Financial Group LLC now owns 339 shares of the company’s stock valued at $39,000 after purchasing an additional 152 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in Snowflake in the 3rd quarter worth approximately $40,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Snowflake

In other news, Director Frank Slootman sold 45,896 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president now directly owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. This trade represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 376,904 shares of company stock worth $62,545,855. 7.80% of the stock is currently owned by corporate 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.