The price of Snowflake Inc (NYSE:SNOW) shares last traded on Wall Street fell -4.81% to $162.59.
SNOW stock price is now 15.27% away from the 50-day moving average and 17.68% away from the 200-day moving average. The market capitalization of the company currently stands at $53.67B.
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With the price target maintained at $190, Wedbush recently Upgraded its rating from Neutral to Outperform for Snowflake Inc (NYSE: SNOW). On November 21, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $188, while ‘Cleveland Research’ rates the stock as ‘Neutral’
In other news, Dageville Benoit, President of Products sold 1,947 shares of the company’s stock on Dec 17 ’24. The stock was sold for $332,937 at an average price of $171.00. Upon completion of the transaction, the President of Products now directly owns 48,279 shares in the company, valued at $7.85 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 17 ’24, Director Slootman Frank sold 6,714 shares of the business’s stock. A total of $1,148,094 was realized by selling the stock at an average price of $171.00. This leaves the insider owning 196,454 shares of the company worth $31.94 million. A total of 7.62% 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 0.89, a current ratio of 1.85, and a quick ratio of 1.85. The fifty day moving average price for SNOW is $140.0722 and a two-hundred day moving average price translates $138.18555 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for 2024-07-31. The net profit margin was -33.02% and return on equity was -28.69% 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. For the current quarter, analysts expect SNOW to generate $955.73M in revenue.
