Does Snowflake Inc. (SNOW) Have Insiders Selling Shares?

As of Friday close, Snowflake Inc.’s (NYSE:SNOW) stock was up $17.76, moving up 12.63 percent to $158.36. The average number of shares traded per day over the past five days has been 8,969,021 shares. 2 times new highs have been achieved over the past 5 days, with a $3.09 gain in that time frame. In the last twenty days, the average volume was 6,632,260, while in the previous 50 days, it was 6,546,106.

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Since last month, SNOW stock retreated -26.14%. Shares of the company fell to $126.01 on 05/12/22, the lowest level in the past month. A 52-week high of $405.00 was reached on 01/03/22 after having rallying from a 52-week low of $126.01. Since the beginning of this year, SNOW’s stock price has dropped by -53.25% or -$180.39, and marked a new high 1 time. However, the stock has declined by -60.90% since its 52-week high.

Snowflake Inc. (SNOW) last reported insider trading activity 57 days ago on Mar 18. Speiser Michael L, the Director of the company, disposed of 750,000 shares for $222.18 on Mar 18. It resulted in a $166,635,037 divestment by the insider. GARRETT MARK sold 271 shares at an average price of $289.32 on Jan 18. The insider now owns 121,010 shares following the transaction. On Dec 20, Director Briggs Teresa sold 3,000 shares at $332.69 apiece. The transaction was valued at $998,073.

Financial Health

In the three months ended October 30, Snowflake Inc.’s quick ratio stood at 3.30, while its current ratio was 3.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 62.40% percent. In the year ended October 30, operating margins totaled -58.60%. Based on annual data, SNOW earned $760.89 million in gross profit and brought in $1.22 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -14.20%. Return on equity (ROE) for the past 12 months was -13.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SNOW’s revenue rose 50.36% to $334.44 million during the quarter, while net income inched up to $383.77 million. While analysts expected Snowflake Inc. to report -$0.06 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by 166.70%. During the quarter, the company generated -$124.0 million in EBITDA. The liabilities of Snowflake Inc. were 1.6 billion at the end of its most recent quarter ended October 30, and its total debt was $203.89 million. The value of shareholders’ equity is $314.6 million.

Technical Picture

This quick technical analysis looks at Snowflake Inc.’s (SNOW) price momentum. With a historical volatility rate of 116.26%, the RSI 9-day stood at 45.35% on 13 May.

With respect to its five-day moving average, the current Snowflake Inc. price is up by +1.99% percent or $3.09. At present, SNOW shares trade -20.27% below its 20-day simple moving average and -52.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.31% below its SMA50 and -40.97% below its SMA200.

Stochastic coefficient K was 22.87% and Stochastic coefficient D was 14.58%, while ATR was 16.69. Given the Stochastic reading of 46.33% for the 14-day period, the RSI (14) reading has been calculated as 42.36%. As of today, the MACD Oscillator reading stands at -11.92, while the 14-day reading stands at -19.72.

Analyst Ratings

Wolfe Research launched its rating on Snowflake Inc. (NYSE: SNOW) to an Outperform in a note to investors on April 25, 2022. Snowflake Inc. (SNOW) has been rated Overweight by analysts. According to 1 brokerage firm, SNOW is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Snowflake Inc. stock as buy, with 20 recommending it as overweight.

With a median target price of $300.00, the current consensus forecast for the stock is $190.00 – $530.00. Based on these forecasts, analysts predict Snowflake Inc. (SNOW) will achieve an average price target of $310.89.


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