SnowflakeSNOW
About: Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. 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 easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Employees: 7,004
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6% more repeat investments, than reductions
Existing positions increased: 363 | Existing positions reduced: 342
8% less call options, than puts
Call options by funds: $2.29B | Put options by funds: $2.5B
6% less funds holding in top 10
Funds holding in top 10: 33 [Q2] → 31 (-2) [Q3]
6.87% less ownership
Funds ownership: 64.85% [Q2] → 57.98% (-6.87%) [Q3]
8% less funds holding
Funds holding: 1,027 [Q2] → 948 (-79) [Q3]
24% less capital invested
Capital invested by funds: $29.3B [Q2] → $22.3B (-$7.07B) [Q3]
41% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 193
Research analyst outlook
24 Wall Street Analysts provided 1 year price targets over the past 3 months
24 analyst ratings
Needham Mike Cikos 45% 1-year accuracy 31 / 69 met price target | 55%upside $200 | Buy Maintained | 21 Nov 2024 |
Piper Sandler Brent Bracelin 62% 1-year accuracy 56 / 90 met price target | 43%upside $185 | Overweight Reiterated | 21 Nov 2024 |
Rosenblatt Blair Abernethy 45% 1-year accuracy 19 / 42 met price target | 39%upside $180 | Buy Maintained | 19 Nov 2024 |
Citigroup Tyler Radke 60% 1-year accuracy 32 / 53 met price target | 42%upside $183 | Buy Maintained | 18 Nov 2024 |
Keybanc Eric Heath 100% 1-year accuracy 7 / 7 met price target | 16%upside $150 | Overweight Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 68 articles about SNOW published over the past 30 days
