In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $127.05, down -0.20% from the previous session.
SNOW stock price is now -2.35% away from the 50-day moving average and -23.07% away from the 200-day moving average. The market capitalization of the company currently stands at $42.54B.
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With the price target reduced from $200 to $130, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Snowflake Inc (NYSE: SNOW). On May 02, 2024, Exane BNP Paribas Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $200, while ‘KeyBanc Capital Markets’ rates the stock as ‘Overweight’
In other news, Kleinerman Christian, EVP, Product Management sold 15,000 shares of the company’s stock on Aug 07 ’24. The stock was sold for $1,800,000 at an average price of $120.00. Upon completion of the transaction, the EVP, Product Management now directly owns 718,773 shares in the company, valued at $91.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07 ’24, Officer Kleinerman Christian bought 15,000 shares of the business’s stock. A total of $1,800,000 was incurred on buying the stock at an average price of $120.00. A total of 7.76% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $107.93 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 1.67. The fifty day moving average price for SNOW is $130.1096 and a two-hundred day moving average price translates $165.1523 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 $828.71 million for the quarter, compared to $623.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.89 percent.
