The stock of Snowflake Inc (NYSE:SNOW) last traded at $196.55, up 1.58% from the previous session.
Data from the available sources indicates that Snowflake Inc (NYSE:SNOW) is covered by 43 analysts. 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 $212.00. Given the previous closing price of $193.49, this indicates a potential upside of 9.57 percent. SNOW stock price is now 21.00% away from the 50-day moving average and 22.94% away from the 200-day moving average. The market capitalization of the company currently stands at $64.72B.
In total, 13 analysts have assigned it a hold rating, and 24 have given it a buy rating. Brokers who have rated the stock have averaged $217.92 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, Slootman Frank, CEO and Chairman sold 1,311 shares of the company’s stock on Dec 11. The stock was sold for $253,943 at an average price of $193.70. Upon completion of the transaction, the CEO and Chairman now directly owns 180,143 shares in the company, valued at $35.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11, SVP, Product Management Kleinerman Christian sold 724 shares of the business’s stock. A total of $136,814 was realized by selling the stock at an average price of $188.97. This leaves the insider owning 759,567 shares of the company worth $149.29 million. Insiders disposed of 1,764,359 shares of company stock worth roughly $346.78 million over the past 1 year. A total of 8.56% of the company’s stock is owned by insiders.
With an opening price of $195.00 on Wednesday morning, Snowflake Inc (NYSE: SNOW) set off the trading day. During the past 12 months, Snowflake Inc has had a low of $119.27 and a high of $196.66. 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 $162.44 and a two-hundred day moving average price translates $159.88 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 -$0.63 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 $734.17 million for the quarter, compared to $557.03 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.8 percent. For the current quarter, analysts expect SNOW to generate $757.91M 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.
