Snowflake Inc (NYSE: SNOW) is -11.59% 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 $172.42 in the last trading session, with the day’s gains setting it 3.52%.
Currently trading at $175.94, the stock is 22.08% and 38.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.25 million and changing 2.04% at the moment leaves the stock 25.59% off its SMA200. SNOW registered -5.39% loss for a year compared to 6-month loss of 28.42%. The firm has a 50-day simple moving average (SMA 50) of $126.1556 and a 200-day simple moving average (SMA200) of $140.36095.
The stock witnessed a 52.34% gain in the last 1 month and extending the period to 3 months gives it a 58.79%, and is 2.64% 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 3.46% over the week and 3.76% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $58.08B and $3.41B in sales. Fwd P/E is 177.80. Profit margin for the company is -33.02%. Distance from 52-week low is 64.23% and -25.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.55%).
The EPS is expected to shrink by -28.39% this year.
Snowflake Inc (SNOW) Top Institutional Holders
1350.0 institutions hold shares in Snowflake Inc (SNOW), with institutional investors hold 64.38% of the company’s shares. The shares outstanding are 330.07M, and float is at 305.24M with Short Float at 4.33%. Institutions hold 61.43% 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
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Snowflake Inc disclosed in a document filed with the SEC on Nov 29 ’24 that Slootman Frank (Director) sold a total of 59,617 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $176.25 per share for $10.51 million. Following the transaction, the insider now directly holds 0.21 million shares of the SNOW stock.
Still, SEC filings show that on Nov 29 ’24, Dageville Benoit (President of Products) disposed off 12,500 shares at an average price of $174.94 for $2.19 million. The insider now directly holds 53,250 shares of Snowflake Inc (SNOW).
