The price of Snowflake Inc (NYSE:SNOW) shares last traded on Wall Street rose 0.89% to $157.70.
SNOW stock price is now -21.11% away from the 50-day moving average and -10.34% away from the 200-day moving average. The market capitalization of the company currently stands at $51.93B.
With the price target reduced from $180 to $125, Redburn Atlantic Downgraded its rating from Neutral to Sell for Snowflake Inc (NYSE: SNOW). , while ‘Guggenheim’ rates the stock as ‘Neutral’
In other news, Slootman Frank, CEO and Chairman sold 19,764 shares of the company’s stock on Mar 18 ’24. The stock was sold for $3,096,303 at an average price of $156.66. Upon completion of the transaction, the CEO and Chairman now directly owns 233,297 shares in the company, valued at $36.79 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, EVP, Product Management Kleinerman Christian sold 12,636 shares of the business’s stock. A total of $1,987,939 was realized by selling the stock at an average price of $157.32. This leaves the insider owning 748,257 shares of the company worth $118.0 million. A total of 7.97% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $131.62 and a high of $237.72. 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 $199.90 and a two-hundred day moving average price translates $175.88 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for Jan, 2024. According to the Software – Application Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.18 by 0.17. This compares to -$0.63 EPS in the same period last year. The net profit margin was -29.81% and return on equity was -15.72% 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 $786.3M in revenue.
