Snowflake (SNOW) Expected to Announce Earnings on Wednesday

Snowflake (NYSE:SNOW) is expected to post its Q1 2026 quarterly earnings results after the market closes on Wednesday, May 21st. Analysts expect Snowflake to post earnings of $0.22 per share and revenue of $1.01 billion for the quarter.

Snowflake Price Performance

SNOW opened at $181.81 on Tuesday. The business’s 50-day moving average is $156.24 and its two-hundred day moving average is $162.11. Snowflake has a 1 year low of $107.13 and a 1 year high of $194.40. 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 firm has a market capitalization of $60.02 billion, a PE ratio of -53.63 and a beta of 1.11.

Analyst Upgrades and Downgrades

SNOW has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on Snowflake from $210.00 to $221.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. KeyCorp cut their price objective on Snowflake from $220.00 to $192.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Mizuho raised their target price on Snowflake from $190.00 to $205.00 and gave the stock an “outperform” rating in a report on Thursday, May 15th. Citigroup raised their target price on Snowflake from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, April 1st. Finally, Loop Capital raised their target price on Snowflake from $205.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Ten analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.86.

Insider Activity at Snowflake

In other Snowflake news, CFO Michael Scarpelli sold 300,000 shares of Snowflake stock in a transaction that occurred 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 $47,756,878.10. The trade was a 50.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $168.01, for a total transaction of $67,708.03. Following the completion of the sale, the director now owns 25,972 shares of the company’s stock, valued at approximately $4,363,555.72. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 356,963 shares of company stock valued at $58,204,058 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Snowflake stock. Brighton Jones LLC lifted its holdings in Snowflake Inc. (NYSE:SNOW) by 90.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,885 shares of the company’s stock after buying an additional 29,320 shares during the quarter. Brighton Jones LLC’s holdings in Snowflake were worth $9,556,000 as of its most recent SEC filing. 65.10% of the stock is owned by hedge funds and other institutional investors.

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.