Snowflake (SNOW) to Post Earnings on Wednesday

Snowflake (NYSE:SNOW) will likely be posting its Q2 2027 results after the market closes on Wednesday, September 2nd. Analysts expect the company to post earnings of $0.4468 per share and revenue of $1.4831 billion for the quarter. Individuals may review the information on the company’s upcoming Q2 2027 earning overview page for the latest details on the call scheduled for Wednesday, September 2, 2026 at 5:00 PM ET.

Snowflake Stock Performance

Shares of SNOW opened at $331.68 on Tuesday. The firm has a market capitalization of $114.96 billion, a PE ratio of -94.23 and a beta of 1.33. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $289.86 and a 200 day moving average price of $216.33. Snowflake has a 52-week low of $118.30 and a 52-week high of $341.95.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Higher analyst price target: Cantor Fitzgerald raised its Snowflake price target from $282 to $405 and maintained an “overweight” rating, citing expanding market multiples and potential for further upside. Snowflake Price Target Raised at Cantor Fitzgerald
• Positive Sentiment: AI monetization is the central catalyst: Investors are looking for stronger product revenue, net revenue retention and guidance as Snowflake’s Cortex, CoCo and CoWork offerings could accelerate data migrations, workloads and platform consumption. Snowflake Earnings Preview
• Positive Sentiment: Customer and ecosystem expansion: CrowdStrike announced that its Falcon platform will be available through Google Cloud and the Snowflake Marketplace, strengthening Snowflake’s enterprise data and security ecosystem. CrowdStrike Brings Falcon Platform to Snowflake
• Positive Sentiment: Analysts and market commentators identify Snowflake as a leading AI-driven software name, with customer growth and previously announced pricing and agent-platform initiatives supporting the recent rally. Snowflake Stock Ran on a Plan

Insider Buying and Selling at Snowflake

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $324.06, for a total value of $130,596.18. Following the transaction, the director owned 22,573 shares of the company’s stock, valued at approximately $7,315,006.38. This trade represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $325.00, for a total transaction of $8,125,000.00. Following the transaction, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. This represents a 6.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,156,901 shares of company stock valued at $321,725,352 in the last 90 days. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Scge Management L.P. acquired a new stake in shares of Snowflake in the 2nd quarter valued at about $140,528,000. Coatue Management LLC boosted its position in shares of Snowflake by 26.8% during the 4th quarter. Coatue Management LLC now owns 2,480,963 shares of the company’s stock valued at $544,224,000 after acquiring an additional 524,515 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Snowflake by 58.9% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,226,993 shares of the company’s stock worth $276,748,000 after buying an additional 454,899 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Snowflake in the fourth quarter valued at $97,923,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Snowflake by 14.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,669,997 shares of the company’s stock worth $585,691,000 after buying an additional 331,405 shares in the last quarter. 65.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SNOW. Jefferies Financial Group boosted their target price on Snowflake from $310.00 to $385.00 and gave the stock a “buy” rating in a report on Sunday, August 16th. Robert W. Baird upped their price target on shares of Snowflake from $280.00 to $350.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Sanford C. Bernstein raised their price objective on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. upped their price target on shares of Snowflake from $245.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 28th. Finally, TD Cowen raised their price objective on shares of Snowflake from $300.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $331.46.

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.