The price of Snowflake Inc (NYSE:SNOW) shares last traded on Wall Street rose 4.51% to $173.69.
SNOW stock price is now 0.42% away from the 50-day moving average and 22.38% away from the 200-day moving average. The market capitalization of the company currently stands at $57.34B.
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With the price target enhanced from $188 to $230, Monness Crespi & Hardt maintained Buy rating for Snowflake Inc (NYSE: SNOW). On February 20, 2025, BTIG Research Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $220, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Dageville Benoit, President of Products sold 12,500 shares of the company’s stock on Feb 20 ’25. The stock was sold for $2,325,000 at an average price of $186.00. Upon completion of the transaction, the President of Products now directly owns 47,710 shares in the company, valued at $8.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 20 ’25, Officer Dageville Benoit bought 12,500 shares of the business’s stock. A total of $2,325,000 was incurred on buying the stock at an average price of $186.00. A total of 6.75% 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 0.90, a current ratio of 1.75, and a quick ratio of 1.85.
The net profit margin was -35.45% and return on equity was -31.43% 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.
