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

Shares of software and IT stocks are trading lower following Fitch's downgrade of the US credit rating, which has negatively impacted risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 11:48 am

A significant number of investors have taken a bearish stance on Snowflake (NYSE:SNOW), with 58% of detected trades being bearish. The price target for Snowflake over the last 3 months has been between $160.0 to $260.0. The current price of SNOW is down -5.28% at $167.26. Several experts have upgraded their ratings on Snowflake, with price targets ranging from $173 to $220.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 11:36 am

The article reports on the recent options activity in the Information Technology sector. It highlights the trading activities of large entities, known as 'whales', in several IT stocks including NVDA, INTC, STX, NTAP, AVGO, MU, MSFT, AAPL, AMD, and SNOW. The article provides detailed information about the type of options traded (call or put), the sentiment (bullish, bearish, or neutral), the expiration date, the strike price, and the total trade price.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 5:35 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 between 33% bullish and 66% bearish. The whales have been targeting a price range from $145.0 to $240.0 for Snowflake over the last 3 months. The current price of SNOW is up 2.43% at $179.04. Several financial institutions have maintained or upgraded their ratings on Snowflake, with price targets ranging from $185 to $213.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 3:46 pm

The article reports on the unusual options activity in the Information Technology sector. It mentions ten US-listed companies: NVDA, AAPL, AMD, PLTR, U, ORCL, AMAT, SNOW, TSM, and DOCU. The article provides details about the type of options (put or call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:35 pm

Tech stocks are trading lower due to weak quarterly reports from Netflix and Tesla. This has affected the overall tech sector.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 5:37 pm

Insiders at Moderna, Vertex Pharmaceuticals, Coinbase Global, and Snowflake have recently sold shares. Moderna's President sold 15,000 shares at an average price of $120.60, while Vertex's CEO and President sold 7,828 shares at an average price of $355.00. Coinbase's Director sold 4,580 shares at an average price of $106.65, and Snowflake's SVP of Product Management sold 1,500 shares at an average price of $184.94.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 12:26 pm

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The price target for Snowflake over the last 3 months has been between $180.0 to $260.0. Analysts from JP Morgan, Baird, Needham, JMP Securities, and Goldman Sachs have maintained their ratings on Snowflake with varying price targets.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:30 pm

Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Snowflake (NYSE:SNOW) and raises the price target from $190 to $220.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 1:13 pm

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 17% bullish and 82% bearish. The targeted price range for Snowflake over the last 3 months is $155.0 to $210.0. Several financial institutions have maintained or downgraded their ratings on Snowflake, with price targets ranging from $180 to $215.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 6:03 pm

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