Snowflake (SNOW)

• Market cap: $53.6B
• 1 day: -0.02%
• 5 days: -2.97%
• 1 month: -3.13%
• 3 months: 31.89%
• 6 months: 21.47%
• Year to date: 3.12%
• 1 year: -13.61%
• 5 years: -36.03%
• 10 years: -36.03%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to buy and ingest data, while its data solutions can be hosted on various public clouds.

Employees: 7,004

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

7% more repeat investments, than reductions

Existing positions increased: 367 | Existing positions reduced: 343

8% less call options, than puts

Call options by funds: $2.3B | Put options by funds: $2.5B

6% less funds holding in top 10

Funds holding in top 10: 33 [Q2] → 31 (-2) [Q3]

7% less funds holding

Funds holding: 1,028 [Q2] → 957 (-71) [Q3]

7.02% less ownership

Funds ownership: 66.13% [Q2] → 59.1% (-7.02%) [Q3]

24% less capital invested

Capital invested by funds: $29.9B [Q2] → $22.7B (-$7.21B) [Q3]

31% less first-time investments, than exits

New positions opened: 117 | Existing positions closed: 170

Research analyst outlook

21 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $140 14% downside
• Avg. target: $196 21% upside
• High target: $225 39% upside

21 analyst ratings

• positive: 20 95%
• neutral: 1 5%
• negative: 0 0%

Oppenheimer Ittai Kidron 53% 1-year accuracy 25 / 47 met price target	23% upside $200	Outperform Maintained	13 Jan 2025
Barclays Raimo Lenschow 55% 1-year accuracy 47 / 85 met price target	17% upside $190	Overweight Upgraded	10 Jan 2025
Wells Fargo Michael Turrin 52% 1-year accuracy 46 / 88 met price target	23% upside $200	Overweight Upgraded	7 Jan 2025
Piper Sandler Brent Bracelin 52% 1-year accuracy 64 / 123 met price target	28% upside $208	Overweight Maintained	6 Jan 2025
Loop Capital Mark Schappel 63% 1-year accuracy 19 / 30 met price target	26% upside $205	Buy Maintained	23 Dec 2024