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

Snowflake shares declined following the announcement of a $2 billion private placement of senior convertible notes.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:43 am

The article discusses the impact of China's economic stimulus on global markets, with a focus on commodities and US stock futures. It highlights the performance of major indices and ETFs, and mentions specific stocks like Liberty Broadband, Snowflake, and Hawaiian Electric, which experienced significant premarket movements. Analysts provide insights on market trends, emphasizing the importance of differentiating between genuine and speculative AI-driven companies.

Portfolio Pulse from Shanthi Rexaline

September 24, 2024 | 10:58 am

Maison Solutions Inc. (NASDAQ:MSS) shares surged 91.4% in pre-market trading following a significant year-over-year increase in first-quarter sales. Other notable pre-market movers include Heart Test Laboratories, Inc. (NASDAQ:HSCS), Generations Bancorp NY, Inc. (NASDAQ:GBNY), and BioVie Inc. (NASDAQ:BIVI), among others.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 9:40 am

AutoZone, AAR Corp, THOR Industries, Snowflake, and KB Home are stocks to watch as they report earnings or make significant announcements. AutoZone and THOR Industries are set to release earnings, AAR Corp exceeded expectations, Snowflake announced a $2 billion note placement, and KB Home will report earnings post-market.

Portfolio Pulse from Avi Kapoor

September 24, 2024 | 7:18 am

The article highlights the performance of five stocks: Trump Media & Technology Group, GameStop, Alibaba, Snowflake, and Tesla. Trump Media's shares fell due to a lockup period expiration, GameStop rose after completing an offering, Alibaba gained from a partnership with Nvidia, Snowflake dropped after announcing a convertible notes placement, and Tesla surged on delivery expectations.

Portfolio Pulse from Benzinga Neuro

September 24, 2024 | 2:39 am

Snowflake Inc. (NYSE:SNOW) shares fell in after-hours trading following the announcement of a $2 billion private placement of senior convertible notes. The company plans to offer $1 billion in notes due 2027 and another $1 billion due 2029, with options for additional purchases. Snowflake's stock is trading below its 50-day moving average and near its 52-week low. Analysts have a positive outlook with an average price target of $166.93, suggesting potential upside.

Portfolio Pulse from Erica Kollmann

September 23, 2024 | 8:49 pm

Snowflake's stock is declining following the announcement of a $2 billion private placement of senior convertible notes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:07 pm

Snowflake has announced a $2.0 billion private placement of convertible senior notes. The proceeds will be used for capped call transactions, share repurchases, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:05 pm

The article highlights unusual options activity for several IT stocks, indicating potential trading opportunities. Notable mentions include NVDA, SMCI, MARA, MU, MSTR, SNOW, PLTR, DOCN, AMD, and HPE, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 23, 2024 | 5:35 pm

Deep-pocketed investors are showing a bearish sentiment towards Snowflake (NYSE:SNOW) with significant options activity detected. The stock is currently down by 3.11% and analysts have mixed ratings with an average target price of $168.2.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 7:47 pm

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