In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $159.35, up 4.17% from the previous session.
SNOW stock price is now -14.88% away from the 50-day moving average and -8.57% away from the 200-day moving average. The market capitalization of the company currently stands at $53.25B.
With the price target of $185, KeyBanc Capital Markets recently initiated with Overweight rating for Snowflake Inc (NYSE: SNOW). On April 05, 2024, Rosenblatt Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $185, while ‘Redburn Atlantic’ rates the stock as ‘Sell’
In other news, Ramaswamy Sridhar, Chief Executive Officer bought 31,542 shares of the company’s stock on Mar 25 ’24. The stock was bought for $5,000,038 at an average price of $158.52. Upon completion of the transaction, the Chief Executive Officer now directly owns 31,542 shares in the company, valued at $5.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Chief Accounting Officer Ho Emily sold 1,968 shares of the business’s stock. A total of $309,793 was realized by selling the stock at an average price of $157.41. This leaves the insider owning 30,425 shares of the company worth $4.85 million. A total of 7.86% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $135.26 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 1.81, and a quick ratio of 1.81. The fifty day moving average price for SNOW is $186.27 and a two-hundred day moving average price translates $174.24 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 -$0.65 EPS in the same period last year. The net profit margin was -29.79% and return on equity was -15.72% for SNOW. The company reported revenue of $774.7 million for the quarter, compared to $589.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.53 percent. For the current quarter, analysts expect SNOW to generate $785.83M in revenue.
