In yesterday’s Wall Street session, Snowflake Inc (NYSE:SNOW) shares traded at $174.80, up 0.63% from the previous session.
SNOW stock price is now 39.94% away from the 50-day moving average and 24.27% away from the 200-day moving average. The market capitalization of the company currently stands at $58.07B.
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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 59,617 shares of the company’s stock on Nov 29 ’24. The stock was bought for $10,507,579 at an average price of $176.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Officer Dageville Benoit bought 12,500 shares of the business’s stock. A total of $2,186,812 was incurred on buying the stock at an average price of $174.94. A total of 7.53% 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 1.85. The fifty day moving average price for SNOW is $124.9126 and a two-hundred day moving average price translates $140.66084 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.
