The price of Snowflake Inc (NYSE:SNOW) shares last traded on Wall Street rose 1.27% to $113.92.
SNOW stock price is now -4.67% away from the 50-day moving average and -27.76% away from the 200-day moving average. The market capitalization of the company currently stands at $38.19B.
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With the price target enhanced from $119 to $121, HSBC Securities Upgraded its rating from Reduce to Hold for Snowflake Inc (NYSE: SNOW). On August 15, 2024, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $200 to quote $130, while ‘Exane BNP Paribas’ rates the stock as ‘Outperform’
In other news, Kleinerman Christian, EVP, Product Management sold 861 shares of the company’s stock on Sep 23 ’24. The stock was sold for $95,924 at an average price of $111.41. Upon completion of the transaction, the EVP, Product Management now directly owns 751,755 shares in the company, valued at $85.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 23 ’24, President of Products Dageville Benoit sold 287 shares of the business’s stock. A total of $31,975 was realized by selling the stock at an average price of $111.41. This leaves the insider owning 53,250 shares of the company worth $6.07 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 $107.13 and a high of $237.72. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 1.55, and a quick ratio of 1.55. The fifty day moving average price for SNOW is $119.1866 and a two-hundred day moving average price translates $157.29926 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for 2024-07-31. The net profit margin was -31.73% and return on equity was -21.61% for SNOW. The company reported revenue of $868.82 million for the quarter, compared to $674.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.9 percent.
