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

Benzinga's options activity scanner has identified unusual trading activity in 10 information technology stocks. The stocks include NVDA, AAPL, MSFT, PLTR, SNOW, TWLO, INTC, ADBE, FSLR, and APP. The scanner tracks large transactions, often referred to as 'whale alerts', which can indicate potential trading opportunities.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 5:35 pm

A significant amount of unusual options activity has been detected for Snowflake (NYSE:SNOW), with a majority of investors taking a bullish stance. The average open interest for Snowflake options stands at 1034.5, with a total volume reaching 769.00. The stock is currently trading at $160.2, with an expected price range of $120.0 to $175.0. Analyst ratings vary, with B of A Securities downgrading to Neutral, Capital One upgrading to Overweight, and Piper Sandler maintaining an Overweight rating, all with a price target of $195.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:31 pm

The article lists the stocks that gained and lost the most in Tuesday's mid-day session. Among the gainers were PaxMedica, Senti Biosciences, Tharimmune, TransMedics Group, and Singular Genomics Systems. Among the losers were Ventyx Biosciences, Alto Ingredients, Worldwide Webb Acquisition Corp, Oportun Financial Corporation, and Royalty Management Holding Corporation.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 6:10 pm

Several US stocks recorded gains on Tuesday, with notable increases for TransMedics Group, Olaplex Holdings, Datadog, Augmedix, Rover Group, Matterport, MacroGenics, Verve Therapeutics, GDEV, Triumph Group, Alteryx, Thoughtworks Holding, TaskUs, Myriad Genetics, Planet Fitness, EverQuote, Oscar Health, Hims & Hers Health, Surgery Partners, Vimeo, MongoDB, PRA Group, BioMarin Pharmaceutical, Snowflake, DigitalOcean Holdings, DocGo, Appian Corporation, Teradata Corporation, and Tripadvisor. These gains were largely driven by better-than-expected Q3 results and strong FY23 revenue guidance.

Portfolio Pulse from Lisa Levin

November 07, 2023 | 3:54 pm

The stock market is looking for a trigger for the next move after a short squeeze in bonds led to a rally in stocks. Apple Inc has recovered after a weak earnings report, which is seen as an indication of investor sentiment. Positive earnings news from Datadog Inc, DR Horton Inc, and NXP Semiconductors NV is driving buying in related stocks. Money flows are positive in Amazon, Alphabet, Meta Platforms, and Microsoft, but negative in Apple, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

November 07, 2023 | 3:23 pm

Cybersecurity stocks are trading higher following Datadog's better-than-expected Q3 results and strong guidance. Stocks mentioned include CRWD, NET, PANW, S, SNOW, ZS.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:58 pm

Shares of Snowflake Inc (NYSE:SNOW) are trading higher following strong Q3 earnings results from Datadog Inc (NASDAQ:DDOG). Datadog reported Q3 revenue of $547.536 million, up 25% YoY, beating analyst estimates. The company also provided higher than expected guidance for Q4 and full-year revenue and earnings. Following the report, Datadog shares jumped more than 23%, and Snowflake shares were up 7.49%.

Portfolio Pulse from Adam Eckert

November 07, 2023 | 1:53 pm

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. Whales have been targeting a price range from $140.0 to $160.0 for Snowflake over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $195 while Piper Sandler maintained their Overweight rating on Snowflake with a price target of $195.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 3:46 pm

Cyber and software stocks are trading higher following Cloudflare's better-than-expected Q3 financial results. This has created a positive sentiment in the sector, impacting several stocks.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 6:49 pm

Snowflake has enhanced its data cloud capabilities with the introduction of Snowflake Notebooks and advancements in Snowpark. These tools provide an interactive programming environment for SQL and Python users, streamline machine learning workflows, and increase developer productivity. Companies like Cybersyn, LiveRamp, and SNP are already leveraging these tools to unlock new revenue streams.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 4:11 pm

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