In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $171.28, down -0.08% from the previous session.
SNOW stock price is now 39.89% away from the 50-day moving average and 21.27% away from the 200-day moving average. The market capitalization of the company currently stands at $57.41B.
With the price target maintained at $190, Wedbush recently Upgraded its rating from Neutral to Outperform for Snowflake Inc (NYSE: SNOW). On November 21, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $140 to quote $188, while ‘Cleveland Research’ rates the stock as ‘Neutral’
In other news, Slootman Frank, Director bought 20,514 shares of the company’s stock on Nov 26 ’24. The stock was bought for $3,595,213 at an average price of $175.26. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, President of Products Dageville Benoit sold 68,750 shares of the business’s stock. A total of $12,031,250 was realized by selling the stock at an average price of $175.00. This leaves the insider owning 53,250 shares of the company worth $9.12 million. A total of 7.54% of the company’s stock is owned by insiders.
During the past 12 months, Snowflake Inc has had a low of $107.13 and a high of $237.72. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.85, and a quick ratio of 1.55. The fifty day moving average price for SNOW is $121.2456 and a two-hundred day moving average price translates $141.5406 for the stock.
The latest earnings results from Snowflake Inc (NYSE: SNOW) was released for 2024-07-31. The net profit margin was -33.02% and return on equity was -28.69% for SNOW. The company reported revenue of $868.82 million for the quarter, compared to $674.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 28.9 percent.
