Snowflake Inc. (NYSE:SNOW - Get Free Report) Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $221.47, for a total value of $89,252.41. Following the completion of the transaction, the director owned 26,539 shares in the company, valued at approximately $5,877,592.33. The trade was a 1.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Snowflake Price Performance
SNOW traded down $7.61 during trading on Thursday, reaching $214.29. The company's stock had a trading volume of 4,794,663 shares, compared to its average volume of 6,024,633. The firm has a fifty day simple moving average of $201.70 and a two-hundred day simple moving average of $176.33. The company has a market cap of $71.54 billion, a price-to-earnings ratio of -50.90 and a beta of 1.22. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.94. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $226.60.
Snowflake (NYSE:SNOW - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. Snowflake had a negative net margin of 36.43% and a negative return on equity of 37.75%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $0.14 earnings per share. Snowflake's quarterly revenue was up 25.8% on a year-over-year basis. As a group, analysts anticipate that Snowflake Inc. will post -2.36 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SNOW. Barclays reiterated an "overweight" rating and set a $219.00 target price (up from $203.00) on shares of Snowflake in a report on Thursday, May 22nd. Scotiabank restated an "outperform" rating on shares of Snowflake in a research report on Thursday, May 22nd. KeyCorp reiterated an "overweight" rating on shares of Snowflake in a report on Wednesday, June 25th. Robert W. Baird lifted their price target on shares of Snowflake from $200.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Finally, Loop Capital boosted their price objective on shares of Snowflake from $220.00 to $245.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $225.36.
Get Our Latest Stock Report on Snowflake
Hedge Funds Weigh In On Snowflake
Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Snowflake during the 4th quarter valued at $988,950,000. GQG Partners LLC bought a new stake in shares of Snowflake during the 4th quarter worth about $750,572,000. Nuveen LLC acquired a new position in shares of Snowflake in the 1st quarter worth approximately $555,847,000. FMR LLC grew its stake in shares of Snowflake by 84.9% in the 4th quarter. FMR LLC now owns 6,108,123 shares of the company's stock worth $943,155,000 after purchasing an additional 2,805,425 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Snowflake by 346.2% in the first quarter. AQR Capital Management LLC now owns 3,171,635 shares of the company's stock worth $456,430,000 after acquiring an additional 2,460,769 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company's stock.
Snowflake Company Profile
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Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.
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