Streetbeat News

SNOW

Snowflake Inc.

https://www.snowflake.com

Industry

Software - Application

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.

Open

123.00

Mkt cap

41B

Volume

3.7M

High

123.00

P/E Ratio

-38.87

52-wk high

237.72

Low

119.66

Div yield

N/A

52-wk low

107.13

Insiders at Snowflake, Redfin, and Dominion Energy have made notable stock purchases, signaling confidence in their companies. Snowflake's revenue increased by 32% year-over-year, while Redfin reported downbeat quarterly sales. Dominion Energy concluded its business review and issued guidance.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 11:41 am

The broader tech and software sector is experiencing a downturn, primarily influenced by weaknesses in Apple and GitLab. This decline is attributed to a potential industry pullback after a recent surge in AI-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 7:56 pm

Today's whale activity in the Information Technology sector highlighted significant options trading in stocks like AMD, NVDA, SMCI, SNOW, CLSK, ARM, DDOG, CRM, MRVL, and ORCL. The trades varied in sentiment, with a mix of bearish and bullish positions across different expiration dates and strike prices. Notably, large sums were involved in these transactions, indicating potential market movements based on these whale activities.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 5:35 pm

Citigroup analyst Tyler Radke maintains a Buy rating on Snowflake (SNOW) but lowers the price target from $290 to $240.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 1:50 pm

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:13 pm

Wall Street's most accurate analysts have made new stock picks with significant upside potential. Josh Siegler of Cantor Fitzgerald sees a 41% upside in Riot Platforms (RIOT), Keith Hughes of Truist Securities forecasts a 31% rise in Trex Company (TREX), Shrenik Kothari of Baird predicts a 1% increase in Okta (OKTA), Taz Koujalgi of Wedbush expects a 12% surge in Snowflake (SNOW), and Andrew Strelzik of BMO Capital anticipates over a 19% upside in Domino's Pizza (DPZ). These picks are based on recent financial results and market activities.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 1:16 pm

Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Snowflake (NYSE:SNOW) and lowers the price target from $198 to $188.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 11:10 am

U.S. stocks closed higher with the Nasdaq hitting a record high, driven by investor optimism following the PCE report. Hayward Holdings surged 13% after strong Q4 results, while Snowflake fell 18% due to its financial update and CEO transition. The PCE inflation rate slightly eased, and jobless claims rose. Sectors like communication services and IT saw significant gains, except healthcare and consumer staples. Investors await earnings from Plug Power, EchoStar, and fuboTV.

Portfolio Pulse from Avi Kapoor

March 01, 2024 | 6:54 am

Jim Cramer attributed Thursday's market rally, where the Nasdaq Composite hit a record high since 2021, to the strength of the tech sector and new inflation data. He highlighted the role of AI and the January personal consumption expenditure price index in this surge. Despite concerns over AI's momentum, exemplified by Snowflake's stock drop, Salesforce's positive forecast led to a rise in tech stocks. Cramer advised investors to look beyond the 'Magnificent Seven' tech stocks for high-yield investments.

Portfolio Pulse from Benzinga Neuro

March 01, 2024 | 1:39 am

Rosenblatt analyst Blair Abernethy maintains a Neutral rating on Snowflake (SNOW) and lowers the price target from $190 to $185.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 7:38 pm

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