In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $188.93, down -0.10% from the previous session.
SNOW stock price is now 10.50% away from the 50-day moving average and 34.98% away from the 200-day moving average. The market capitalization of the company currently stands at $62.37B.
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With the price target of $201, Cantor Fitzgerald recently initiated with Overweight rating for Snowflake Inc (NYSE: SNOW). On January 10, 2025, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $190, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Kleinerman Christian, EVP, Product Management sold 15,000 shares of the company’s stock on Feb 04 ’25. The stock was sold for $2,797,500 at an average price of $186.50. Upon completion of the transaction, the EVP, Product Management now directly owns 552,930 shares in the company, valued at $104.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 03 ’25, Chief Revenue Officer Degnan Christopher William sold 12,782 shares of the business’s stock. A total of $2,324,695 was realized by selling the stock at an average price of $181.87. This leaves the insider owning 308,164 shares of the company worth $58.22 million. A total of 7.48% 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 $169.7814 and a two-hundred day moving average price translates $139.76324 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 $955.81M in revenue.
