SNOW stock icon

Snowflake
SNOW

$127.80
0.85%
 

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

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 65 analysts
0
News positive %
of 97 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

65% more repeat investments, than reductions

Existing positions increased: 473 | Existing positions reduced: 286

2% less funds holding

Funds holding: 1,072 [Q4 2023] → 1,049 (-23) [Q1 2024]

12% less first-time investments, than exits

New positions opened: 171 | Existing positions closed: 194

12% less call options, than puts

Call options by funds: $2.6B | Put options by funds: $2.96B

24% less capital invested

Capital invested by funds: $42.6B [Q4 2023] → $32.3B (-$10.3B) [Q1 2024]

34.82% less ownership

Funds ownership: 538.99% [Q4 2023] → 504.16% (-34.82%) [Q1 2024]

45% less funds holding in top 10

Funds holding in top 10: 60 [Q4 2023] → 33 (-27) [Q1 2024]

Research analyst outlook

65 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$125
2%
downside
Avg. target
$212
66%
upside
High target
$290
127%
upside

65 analyst ratings

48 positive
74%
15 neutral
23%
negative
3%
Wells Fargo
Michael Turrin
56%upside
$200
Overweight
Maintained
21 Jun 2024
B of A Securities
Bradley Sills
56%upside
$200
Neutral
Reiterated
12 Jun 2024
Rosenblatt
Blair Abernethy
53%upside
$195
Buy
Maintained
6 Jun 2024
RBC Capital
Matthew Hedberg
43%upside
$183
Outperform
Maintained
5 Jun 2024
Piper Sandler
Brent Bracelin
88%upside
$240
Overweight
Maintained
5 Jun 2024

Financial journalist opinion

Based on 97 articles about SNOW published over the past 30 days