Snowflake (SNOW)

• Market cap: $58.7B
• 1 day: -3.82%
• 5 days: -7.76%
• 1 month: 2.51%
• 3 months: 3.82%
• 6 months: 31.71%
• Year to date: 12.94%
• 1 year: -17.72%
• 5 years: -29.95%
• 10 years: -29.95%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

101% more first-time investments, than exits

New positions opened: 257 | Existing positions closed: 128

45% more capital invested

Capital invested by funds: $22.7B [Q3] → $32.8B (+$10.1B) [Q4]

9% more funds holding

Funds holding: 962 [Q3] → 1,052 (+90) [Q4]

6% more funds holding in top 10

Funds holding in top 10: 32 [Q3] → 34 (+2) [Q4]

4.83% more ownership

Funds ownership: 59.15% [Q3] → 63.98% (+4.83%) [Q4]

10% more repeat investments, than reductions

Existing positions increased: 354 | Existing positions reduced: 323

7% more call options, than puts

Call options by funds: $3.98B | Put options by funds: $3.73B

Research analyst outlook

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

• Low target: $190 7% upside
• Avg. target: $206 16% upside
• High target: $235 32% upside

17 analyst ratings

• positive: 15 88%
• neutral: 2 12%
• negative: 0 0%

Wells Fargo Michael Turrin 61% 1-year accuracy 52 / 85 met price target	18% upside $210	Overweight Maintained	21 Feb 2025
Jefferies Brent Thill 69% 1-year accuracy 38 / 55 met price target	24% upside $220	Buy Maintained	21 Feb 2025
B of A Securities Bradley Sills 33% 1-year accuracy 1 / 3 met price target	15% upside $205	Neutral Maintained	20 Feb 2025
UBS Karl Keirstead 75% 1-year accuracy 12 / 16 met price target	7% upside $190	Neutral Maintained	19 Feb 2025
Wolfe Research Alex Zukin 67% 1-year accuracy 4 / 6 met price target	32% upside $235	Outperform Upgraded	18 Feb 2025