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

128.59

Mkt cap

42B

Volume

5.3M

High

128.95

P/E Ratio

-41.16

52-wk high

237.72

Low

123.36

Div yield

N/A

52-wk low

107.13

Tiger Global's Q2 13F filing reveals that the company has reduced its stake in Amazon.com, Alphabet, JD.com, Snowflake, and Datadog.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 7:19 pm

Over the past 3 months, 36 analysts have published their opinion on Snowflake (NYSE:SNOW) stock. The company has an average price target of $187.33, an increase of 2.95% from the previous average price target of $181.96. The ratings include 12 bullish, 17 somewhat bullish, 6 indifferent, and 1 bearish.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 5:01 pm

Guggenheim analyst John Difucci has reiterated a 'Sell' rating on Snowflake (NYSE:SNOW) and maintained a price target of $105.

Portfolio Pulse from richadhand@benzinga.com

August 14, 2023 | 12:37 pm

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. Whales have been targeting a price range from $100.0 to $180.0 for Snowflake over the last 3 months. Exane BNP Paribas, Oppenheimer, and Scotiabank have given price targets of $173, $220, and $213 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

Shares of Snowflake Inc (NYSE:SNOW) are trading lower by 5.9% after Datadog issued weak guidance, which may be interpreted as an indicator of potential industry-wide challenges. This could lead to concerns about reduced demand or other difficulties affecting technology companies, including Snowflake. Despite exceeding market projections for Q2, Datadog's Q3 projections are lower than expected, which may erode investor confidence in the sector.

Portfolio Pulse from Henry Khederian

August 08, 2023 | 7:21 pm

Warren Buffett's Berkshire Hathaway has invested 46.7% of its $364.7 billion portfolio in AI-related companies. The spread includes Apple (44.9%), HP (1.1%), Amazon (0.4%), and Snowflake (0.3%). Buffett's balanced stance on AI reflects its potential and inherent risks. With AI-centric companies influencing 2023’s market dynamics, there’s a shift toward a top-heavy advance, particularly with dominant stocks impacting key indexes like the S&P 500 and Nasdaq 100.

Portfolio Pulse from AJ Fabino

August 07, 2023 | 9:55 pm

Unusual options activity has been observed for Snowflake (NYSE:SNOW), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $150.0 to $200.0 for Snowflake over the last 3 months. Several experts have upgraded their ratings on Snowflake, with price targets ranging from $173 to $220.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:16 pm

Benzinga's options activity scanner has identified significant trading activity in the options of 10 information technology stocks. The stocks include AAPL, AMD, ORCL, PLTR, PANW, SMCI, ENPH, AYX, NVDA, and SNOW. The options activity is characterized by a mix of bullish, bearish, and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:35 pm

Shares of Snowflake, Inc. (NYSE:SNOW) are trading higher by 5% on above-average trading volume, despite being down nearly 4% over the last month. The company's CFO, Mike Scarpelli, is set to present at the Stifel Tech Executive Summit and Goldman Sachs Communacopia & Technology Conference. Snowflake will report its Q2 financial results on Aug. 23. SNOW has been one of the top trending tickers on Yahoo! Finance.

Portfolio Pulse from Erica Kollmann

August 04, 2023 | 4:44 pm

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:05 pm

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