The stock of Snowflake Inc (NYSE:SNOW) last traded at $182.88, down -2.73% from the previous session.
SNOW stock price is now 10.57% away from the 50-day moving average and 31.43% away from the 200-day moving average. The market capitalization of the company currently stands at $60.37B.
With the price target of $201, Cantor Fitzgerald recently initiated with Overweight rating for Snowflake Inc (NYSE: SNOW). On January 10, 2025, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $190, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Slootman Frank, Director sold 127,247 shares of the company’s stock on Jan 22 ’25. The stock was sold for $22,426,902 at an average price of $176.25. Upon completion of the transaction, the Director now directly owns 195,281 shares in the company, valued at $35.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 21 ’25, Director Slootman Frank sold 72,753 shares of the business’s stock. A total of $12,758,487 was realized by selling the stock at an average price of $175.37. This leaves the insider owning 195,281 shares of the company worth $35.71 million. A total of 7.48% 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 $164.3474 and a two-hundred day moving average price translates $139.03156 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. For the current quarter, analysts expect SNOW to generate $955.81M in revenue.
