In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $185.97, down -0.91% from the previous session.
As of this writing, 42 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 $120.00, we find $213.50. Given the previous closing price of $187.68, this indicates a potential upside of 13.76 percent. SNOW stock price is now 19.04% away from the 50-day moving average and 17.27% away from the 200-day moving average. The market capitalization of the company currently stands at $61.31B.
There are 11 analysts who have given it a hold rating, whereas 24 have given it a buy rating. Brokers who have rated the stock have averaged $217.81 as their price target over the next twelve months.
With the price target enhanced from $220 to $240, Oppenheimer maintained Outperform rating for Snowflake Inc (NYSE: SNOW).
In other news, Dageville Benoit, President of Products sold 13,182 shares of the company’s stock on Nov 30. The stock was sold for $2,478,216 at an average price of $188.00. Upon completion of the transaction, the President of Products now directly owns 40,847 shares in the company, valued at $7.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29, CEO and Chairman Slootman Frank sold 112,500 shares of the business’s stock. A total of $19,788,608 was realized by selling the stock at an average price of $175.90. This leaves the insider owning 182,913 shares of the company worth $34.02 million. Insiders disposed of 3,369,458 shares of company stock worth roughly $626.62 million over the past 1 year. A total of 8.56% of the company’s stock is owned by insiders.
Friday morning saw Snowflake Inc (NYSE: SNOW) opened at $185.25. 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 2.08, and a quick ratio of 2.08. The fifty day moving average price for SNOW is $156.96 and a two-hundred day moving average price translates $158.64 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for Oct, 2023. According to the Software – Application Company, earnings per share came in at $0.25, beating analysts’ expectations of $0.16 by 0.09. This compares to -$0.70 EPS in the same period last year. The net profit margin was -33.35% and return on equity was -16.90% 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 $755.24M in revenue.
Snowflake Inc(SNOW) Company Profile
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.
