Stocks of Snowflake Inc (NYSE:SNOW) traded higher last session on Wall Street, up 1.38% to $161.03.
SNOW stock price is now 6.06% away from the 50-day moving average and 16.58% away from the 200-day moving average. The market capitalization of the company currently stands at $53.16B.
With the price target enhanced from $150 to $200, Wells Fargo Upgraded its rating from Equal Weight to Overweight for Snowflake Inc (NYSE: SNOW). On November 25, 2024, Wedbush Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock keeping its target price maintained at $190, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Kleinerman Christian, EVP, Product Management sold 15,000 shares of the company’s stock on Jan 06 ’25. The stock was sold for $2,479,800 at an average price of $165.32. Upon completion of the transaction, the EVP, Product Management now directly owns 567,930 shares in the company, valued at $91.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer Kleinerman Christian bought 15,000 shares of the business’s stock. A total of $2,479,800 was incurred on buying the stock at an average price of $165.32. A total of 7.41% 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 $150.9278 and a two-hundred day moving average price translates $138.12195 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.
