Stocks of Snowflake Inc (NYSE:SNOW) traded higher last session on Wall Street, up 1.02% to $156.16.
SNOW stock price is now -0.54% away from the 50-day moving average and -9.00% away from the 200-day moving average. The market capitalization of the company currently stands at $52.32B.
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With the price target maintained at $200, Exane BNP Paribas recently Upgraded its rating from Neutral to Outperform for Snowflake Inc (NYSE: SNOW). On April 11, 2024, KeyBanc Capital Markets recently initiated its ‘Overweight’ rating on the stock quoting a target price of $185, while ‘Rosenblatt’ rates the stock as ‘Buy’
In other news, Kleinerman Christian, EVP, Product Management sold 1,500 shares of the company’s stock on May 14 ’24. The stock was sold for $241,725 at an average price of $161.15. Upon completion of the transaction, the EVP, Product Management now directly owns 772,597 shares in the company, valued at $120.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01 ’24, Chief Revenue Officer Degnan Christopher William sold 12,782 shares of the business’s stock. A total of $2,001,148 was realized by selling the stock at an average price of $156.56. This leaves the insider owning 354,954 shares of the company worth $55.43 million. A total of 7.74% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $138.40 and a high of $237.72. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 1.67, and a quick ratio of 1.81. The fifty day moving average price for SNOW is $156.949 and a two-hundred day moving average price translates $171.6198 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for 2024-04-30. The net profit margin was -30.80% and return on equity was -18.84% for SNOW. The company reported revenue of $774.7 million for the quarter, compared to $589.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.53 percent.
