Watching Snowflake Inc. (SNOW) For Insider Activity

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Snowflake Inc. (NYSE:SNOW) finished Thursday with a subtraction of -$6.93 to close at $171.79, a downside of -3.88 percent. An average of 7,784,080 shares of common stock have been traded in the last five days. There was a fall of -$24.70 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 8,899,675 shares traded, while the 50-day average volume stands at 7,097,112.

SNOW stock has increased by 12.23% in the last month. The company shares reached their 1-month lowest point of $151.00 on 08/23/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $110.26 and a high of $405.00 in 52 weeks. It has reached a new high 1 time so far this year and lost -49.29% or -$166.96 in price. In spite of this, the price is down -57.58% from the 52-week high.


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Insider Transactions

14 days have passed since Snowflake Inc. (SNOW) last reported insider trading activity. Slootman Frank, who is CEO and Chairman, most recently acquired $1,651 shares at $181.11 per share on Sep 09. In this transaction, the insider spent $299,013. President of Products, Dageville Benoit, disposed of 724 shares at a price of $181.11 on Sep 09. The insider now owns more than $131,124 worth of shares. Prior to that, Director Briggs Teresa went on to Sale 2,000 shares at $196.92 each on Aug 26. An amount of $393,840 was transacted.

Valuation Metrics

Snowflake Inc. (SNOW) has a trailing price-to-sales (P/S) ratio at 35.71, the price-to-book (PB) ratio at 10.08, and the price-to-cash flow ratio at 179.48.

Financial Health

The quick ratio of Snowflake Inc. for the three months ended April 29 was 3.20, and the current ratio was 3.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Its gross profit as reported stood at $760.89 million compared to revenue of $1.22 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Snowflake Inc.’s return on assets was -10.00%.

Earnings Surprise

For the three-month period that ended April 29, Snowflake Inc. had $3.05 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$222.81 million in the quarter, while revenues of -$165.79 million were grew 14.85%. The analyst consensus anticipated Snowflake Inc.’s latest quarter earnings to come in at $0.01 per share, but it turned out to be $0.08, a 700.00% surprise. For the quarter, EBITDA amounted to -$173.11 million. Shareholders own equity worth $320.0 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Snowflake Inc. (SNOW) price momentum. RSI 9-day as of the close on 22 September was 40.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.41%.

As of today, SNOW’s price is $181.12 -12.57% or -$24.70 from its 5-day moving average. SNOW is currently trading +7.71% higher than its 20-day SMA and +0.20% higher than its 100-day SMA. However, the stock’s current price level is +14.83% above the SMA50 and -49.72% below the SMA200.

The stochastic %K and %D were 29.94% and 42.06%, respectively, and the average true range (ATR) was 10.45. With the 14-day stochastic at 11.16% and the average true range at 10.56, the RSI (14) stands at 46.15%. The stock has reached -9.22 on the 9-day MACD Oscillator while the 14-day reading was at -5.78.

Analyst Ratings

MoffettNathanson launched coverage on Snowflake Inc. (NYSE: SNOW) in its analyst report released on September 22, 2022. The firm assigned the stock a Buy rating. The consensus rating for Snowflake Inc. (SNOW) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell SNOW, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 23 others rate it as a “buy”.

What is SNOW’s price target for the next 12 months?

Analysts predict a range of price targets between $125.00 and $530.00, with a median target of $217.50. Taking a look at these predictions, the average price target given by analysts for Snowflake Inc. (SNOW) stock is $221.88.

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