The price of Snowflake Inc (NYSE:SNOW) shares last traded on Wall Street fell -1.41% to $156.35.
Based on available information, 43 analysts follow 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 $158.58, this indicates a potential upside of 22.97 percent. SNOW stock price is now 1.20% away from the 50-day moving average and -1.09% away from the 200-day moving average. The market capitalization of the company currently stands at $51.55B.
Among analysts, 13 rate the stock a hold while 24 rate it a buy. Brokers who have rated the stock have averaged $198.98 as their price target over the next twelve months.
With the price target maintained at $195, CapitalOne recently Upgraded its rating from Equal Weight to Overweight for Snowflake Inc (NYSE: SNOW).
In other news, Slootman Frank, CEO and Chairman sold 8,334 shares of the company’s stock on Nov 08. The stock was sold for $1,315,005 at an average price of $157.79. Upon completion of the transaction, the CEO and Chairman now directly owns 182,913 shares in the company, valued at $28.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 03, CEO and Chairman Slootman Frank sold 4,026 shares of the business’s stock. A total of $604,186 was realized by selling the stock at an average price of $150.07. This leaves the insider owning 182,913 shares of the company worth $28.6 million. Insiders disposed of 1,877,180 shares of company stock worth roughly $293.5 million over the past 1 year. A total of 8.96% of the company’s stock is owned by insiders.
A candlestick chart of Snowflake Inc (NYSE: SNOW) showed a price of $159.50 on Thursday morning. 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 $154.50 and a two-hundred day moving average price translates $158.08 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.
