In Thursday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $184.96, down -0.86% from the previous session.
SNOW stock price is now 6.63% away from the 50-day moving average and 30.58% away from the 200-day moving average. The market capitalization of the company currently stands at $61.06B.
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With the price target maintained at $220, BTIG Research recently Upgraded its rating from Neutral to Buy for Snowflake Inc (NYSE: SNOW). On February 18, 2025, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $235, while ‘Cantor Fitzgerald’ rates the stock as ‘Overweight’
In other news, Dageville Benoit, Officer bought 12,500 shares of the company’s stock on Feb 20 ’25. The stock was bought for $2,325,000 at an average price of $186.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, President of Products Dageville Benoit sold 12,500 shares of the business’s stock. A total of $2,363,875 was realized by selling the stock at an average price of $189.11. This leaves the insider owning 47,710 shares of the company worth $8.82 million. A total of 6.80% 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 $235.66. 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 net profit margin was -33.02% and return on equity was -28.69% for SNOW. The company reported revenue of $942.09 million for the quarter, compared to $734.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.32 percent.
