Snowflake Inc (NYSE: SNOW) is -34.55% lower on its value in year-to-date trading and has touched a low of $107.13 and a high of $237.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNOW stock was last observed hovering at around $127.43 in the last trading session, with the day’s gains setting it 2.81%.
Currently trading at $130.24, the stock is 7.71% and 10.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.77 million and changing 2.21% at the moment leaves the stock -8.79% off its SMA200. SNOW registered -19.53% loss for a year compared to 6-month loss of -19.96%. The firm has a 50-day simple moving average (SMA 50) of $117.0896 and a 200-day simple moving average (SMA200) of $143.2112.
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The stock witnessed a 8.93% gain in the last 1 month and extending the period to 3 months gives it a -3.57%, and is 3.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.80% over the week and 2.91% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $43.66B and $3.21B in sales. Fwd P/E is 141.88. Profit margin for the company is -31.73%. Distance from 52-week low is 21.57% and -45.21% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.08%).
The EPS is expected to shrink by -39.14% this year.
Snowflake Inc (SNOW) Top Institutional Holders
1351.0 institutions hold shares in Snowflake Inc (SNOW), with institutional investors hold 64.48% of the company’s shares. The shares outstanding are 334.45M, and float is at 309.91M with Short Float at 3.80%. Institutions hold 61.52% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.5 million shares valued at $3.04 billion. The investor’s holdings represent 6.7438% of the SNOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.78 million shares valued at $2.27 billion to account for 5.0288 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 12.37 million shares representing 3.7072% and valued at over $1.67 billion, while ALTIMETER CAPITAL MANAGEMENT, LP holds 2.8631 of the shares totaling 9.55 million with a market value of $1.29 billion.
Snowflake Inc (SNOW) Insider Activity
The most recent transaction is an insider sale by Kleinerman Christian, the company’s EVP, Product Management. SEC filings show that Kleinerman Christian sold 15,000 shares of the company’s common stock on Nov 06 ’24 at a price of $120.77 per share for a total of $1.81 million. Following the sale, the insider now owns 0.71 million shares.
Still, SEC filings show that on Oct 10 ’24, Kleinerman Christian (EVP, Product Management) disposed off 30,000 shares at an average price of $120.00 for $3.6 million. The insider now directly holds 721,755 shares of Snowflake Inc (SNOW).
