In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $142.75, down -1.05% from the previous session.
As of this writing, 45 analysts cover Snowflake Inc (NYSE:SNOW). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $600.00 and a low of $105.00, we find $195.00. Given the previous closing price of $144.26, this indicates a potential upside of 35.17 percent. SNOW stock price is now -7.64% away from the 50-day moving average and -9.58% away from the 200-day moving average. The market capitalization of the company currently stands at $47.06B.
There are 14 analysts who have given it a hold rating, whereas 25 have given it a buy rating. Brokers who have rated the stock have averaged $198.61 as their price target over the next twelve months.
With the price target of $195, BofA Securities recently initiated with Neutral rating for Snowflake Inc (NYSE: SNOW).
In other news, Slootman Frank, CEO and Chairman sold 4,308 shares of the company’s stock on Oct 25. The stock was sold for $627,556 at an average price of $145.67. Upon completion of the transaction, the CEO and Chairman now directly owns 182,913 shares in the company, valued at $26.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, SVP, Product Management Kleinerman Christian sold 1,500 shares of the business’s stock. A total of $236,850 was realized by selling the stock at an average price of $157.90. This leaves the insider owning 660,289 shares of the company worth $94.26 million. Insiders disposed of 1,877,180 shares of company stock worth roughly $267.97 million over the past 1 year. A total of 8.96% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $119.27 and a high of $193.94. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 2.26, and a quick ratio of 2.26. The fifty day moving average price for SNOW is $154.30 and a two-hundred day moving average price translates $157.90 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for Jul, 2023. According to the Software – Application Company, earnings per share came in at $0.22, beating analysts’ expectations of $0.1 by 0.12. This compares to -$0.70 EPS in the same period last year. The net profit margin was -35.22% and return on equity was -16.07% for SNOW. The company reported revenue of $674.02 million for the quarter, compared to $497.25 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.55 percent. For the current quarter, analysts expect SNOW to generate $712.78M in revenue.
