Snowflake (SNOW)

• Market cap: $54.9B
• 1 day: 1.27%
• 5 days: -0.82%
• 1 month: 28.79%
• 3 months: 50.80%
• 6 months: 31.33%
• Year to date: -12.07%
• 1 year: -14.41%
• 5 years: -34.51%
• 10 years: -34.51%
• 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: $2.29B | Put options by funds: $2.5B

6% less funds holding in top 10

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

6.82% less ownership

Funds ownership: 64.85% [Q2] → 58.03% (-6.82%) [Q3]

7% less funds holding

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

24% less capital invested

Capital invested by funds: $29.3B [Q2] → $22.3B (-$7.05B) [Q3]

38% less first-time investments, than exits

New positions opened: 117 | Existing positions closed: 188

Research analyst outlook

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

• Low target: $125 25% downside
• Avg. target: $187 12% upside
• High target: $225 35% upside

22 analyst ratings

• positive: 18 82%
• neutral: 4 18%
• negative: 0 0%

Piper Sandler Brent Bracelin 66% 1-year accuracy 87 / 132 met price target	11% upside $185	Overweight Maintained	17 Dec 2024
Jefferies Brent Thill 75% 1-year accuracy 41 / 55 met price target	20% upside $200	Buy Maintained	16 Dec 2024
Scotiabank Patrick Colville 69% 1-year accuracy 24 / 35 met price target	32% upside $220	Sector Outperform Maintained	9 Dec 2024
Barclays Raimo Lenschow 59% 1-year accuracy 52 / 88 met price target	14% upside $190	Equal-Weight Maintained	6 Dec 2024
Keybanc Eric Heath 70% 1-year accuracy 21 / 30 met price target	26% upside $210	Overweight Maintained	5 Dec 2024