Snowflake Inc (NYSE: SNOW) is 5.83% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SNOW stock was last observed hovering at around $162.43 in the last trading session, with the day’s gains setting it 0.98%.
Currently trading at $163.41, the stock is 0.53% and 5.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.3 million and changing 0.60% at the moment leaves the stock 18.25% off its SMA200. SNOW registered -16.47% loss for a year compared to 6-month gain of 22.20%. The firm has a 50-day simple moving average (SMA 50) of $153.611 and a 200-day simple moving average (SMA200) of $138.1756.
The stock witnessed a -4.97% loss in the last 1 month and extending the period to 3 months gives it a 31.75%, and is 0.20% 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 4.41% over the week and 3.35% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $53.94B and $3.41B in sales. Fwd P/E is 165.73. Profit margin for the company is -33.02%. Distance from 52-week low is 52.53% and -31.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.55%).
with sales reaching $955.82M over the same period.The EPS is expected to shrink by -28.40% this year, but quarterly earnings will post 27.83% year-over-year. Quarterly sales are estimated to grow 23.38% in year-over-year returns.
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 305.64M with Short Float at 3.34%. 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
The most recent transaction is an insider sale by Dageville Benoit, the company’s President of Products. SEC filings show that Dageville Benoit sold 6,250 shares of the company’s common stock on Jan 10 ’25 at a price of $160.99 per share for a total of $1.01 million. Following the sale, the insider now owns 47710.0 shares.
Still, SEC filings show that on Jan 06 ’25, Kleinerman Christian (EVP, Product Management) disposed off 15,000 shares at an average price of $165.32 for $2.48 million. The insider now directly holds 567,930 shares of Snowflake Inc (SNOW).
