Snowflake Inc. provides cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of various sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is headquartered in San Mateo, California.
IPO Year: 2020
Exchange: NYSE
Website: snowflake.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $140.00 → $188.00 | Buy | Monness Crespi & Hardt |
| 11/6/2024 | $140.00 | Neutral → Buy | Monness Crespi & Hardt |
| 10/22/2024 | Buy → Neutral | Cleveland Research | |
| 10/1/2024 | Hold | Argus | |
| 8/23/2024 | $119.00 → $121.00 | Reduce → Hold | HSBC Securities |
| 8/15/2024 | $200.00 → $130.00 | Overweight → Equal Weight | Wells Fargo |
| 5/2/2024 | $200.00 | Neutral → Outperform | Exane BNP Paribas |
| 4/11/2024 | $185.00 | Overweight | KeyBanc Capital Markets |
| 4/5/2024 | $185.00 | Neutral → Buy | Rosenblatt |
| 3/19/2024 | $180.00 → $125.00 | Neutral → Sell | Redburn Atlantic |
Monness Crespi & Hardt reiterated coverage of Snowflake with a rating of Buy and set a new price target of $188.00 from $140.00 previously
Monness Crespi & Hardt upgraded Snowflake from Neutral to Buy and set a new price target of $140.00
Cleveland Research downgraded Snowflake from Buy to Neutral
Argus initiated coverage of Snowflake with a rating of Hold
HSBC Securities upgraded Snowflake from Reduce to Hold and set a new price target of $121.00 from $119.00 previously
Wells Fargo downgraded Snowflake from Overweight to Equal Weight and set a new price target of $130.00 from $200.00 previously
Exane BNP Paribas upgraded Snowflake from Neutral to Outperform and set a new price target of $200.00
KeyBanc Capital Markets initiated coverage of Snowflake with a rating of Overweight and set a new price target of $185.00
Rosenblatt upgraded Snowflake from Neutral to Buy and set a new price target of $185.00
Redburn Atlantic downgraded Snowflake from Neutral to Sell and set a new price target of $125.00 from $180.00 previously
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Financial giants have made a conspicuous bearish move on Snowflake. Our analysis of options history for Snowflake (NYSE:SNOW) revealed 9 unusual trades. Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $467,080, and 2 were calls, valued at $90,941. Predicted Price Range After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $190.0 for Snowflake, spanning the last three months. Insights into Volume & Open Interest In today's trading context, the average open interest for options of Snowflak
Snowflake, Inc. (NYSE:SNOW) shares are trading higher on Tuesday. The company announced today that it will partner with Meta (NASDAQ:META) to host its Llama 3.1 collection of multilingual open source large language models (LLMs) in Snowflake Cortex AI. What Happened: Snowflake’s AI Research team optimized Llama 3.1 for both inference and fine-tuning, providing a 128K context window, up to 3x lower latency and 1.4x higher throughput compared to existing solutions. “Snowflake’s world-class AI Research Team is blazing a trail for how enterprises and the open source community can harness state-of-the-art open models like Llama 3.1 405B for inference and fine-tuning in a way that maximizes
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume CRWD PUT TRADE BEARISH 07/26/24 $260.00 $41.4K 2.5K 10.9K NVDA CALL SWEEP
Snowflake's AI Research Team, in collaboration with the open source community, launches a Massive LLM Inference and Fine-Tuning System Stack — establishing a new state-of-the-art solution for open source inference and fine-tuning systems for multi-hundred billion parameter models like Llama 3.1 405B
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BULLISH 07/19/24 $120.00 $116.6K 113.8K 193.6K AMD CALL SWEEP BEARISH 07/19/24 $157.5
Walt Disney Co (NYSE:DIS) has suffered a significant data breach. What Happened: An anonymous hacking group known as Nullbulge leaked sensitive internal data from the Burbank, California-based company’s Slack channels. The Wall Street Journal reported the leaks, which include discussions about ad campaigns, studio technology, and candidate interviews. Nullbulge claimed responsibility for the breach to WSJ, stating they accessed thousands of Slack channels. Also Read: Walt Disney Q2 Earnings: Profit Beat, Moderating Parks Growth, Password-Sharing Crackdown And More The group published computer code, details about unreleased projects, and conversations about maintaining Disney
Financial giants have made a conspicuous bullish move on Snowflake. Our analysis of options history for Snowflake (NYSE:SNOW) revealed 26 unusual trades. Delving into the details, we found 42% of traders were bullish, while 34% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $928,200, and 13 were calls, valued at $1,319,206. Predicted Price Range Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $230.0 for Snowflake over the recent three months. Volume & Open Interest Development Examining the volume and open interest provides crucial insights into stock research. This
- Reuters Citing Spokesman
- Bloomberg
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Acquisition will supercharge data engineering on Snowflake's platform with simple, scalable, and cost-effective unstructured data ingestion in the AI Data Cloud Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI1. With this acquisition, Snowflake will deepen its service in the ‘bronze layer' of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake's unified platform, where they can then unlock data for AI an
Snowflake and Anthropic sign a multi-year strategic partnership to deliver Anthropic's industry-leading Claude models to customers in Snowflake Cortex AI Anthropic's latest Claude 3.5 Sonnet model will be available within the security and governance perimeters of Snowflake on AWS Claude will serve as a key large language model powering Snowflake's agentic AI products, including Snowflake Intelligence and Cortex Analyst Snowflake (NYSE:SNOW), the AI Data Cloud company, and Anthropic, an AI safety and research company, today announced a strategic multi-year partnership that will enable global enterprises to develop and scale easy, efficient, and trusted AI products, apps, and workfl
Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth Net revenue retention rate of 127% 542 customers with trailing 12-month product revenue greater than $1 million 754 Forbes Global 2000 customers Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120291775/en/Snowflake Q3 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $9
New connector will enable bidirectional data sharing for Microsoft Power Platform users to build and run applications with their enterprise data in Snowflake Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at Microsoft Ignite an expanded partnership with Microsoft to establish a new Snowflake Power Platform connector for Microsoft Power Platform, enabling bidirectional access between Dataverse, the enterprise data platform for agents, and Snowflake's AI Data Cloud. The connector simplifies data interoperability between Microsoft Power Platform, Microsoft's low-code/no-code services suite, Dynamics 365, and the Snowflake AI Data Cloud, giving developers and business users
Snowflake's Internal Marketplace enables enterprises to easily discover and share data, apps, and now fine-tuned LLMs across teams and business units The Snowflake Native App Framework Integration with Snowpark Container Services accelerates developers' time-to-value for delivering sophisticated AI-powered apps Enterprises can now develop, distribute, and monetize AI models to third-parties on Snowflake Marketplace with Secure Model Sharing Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new innovations that make it easy and secure for teams to find, evaluate, and share data, AI models, and apps internally, and with
Enterprises can now further accelerate multimodal conversational app development with more data sources and native agent-based orchestration Data teams can build more cost-effective, performant natural language processing pipelines with increased model choice, serverless LLM fine tuning, and provisioned throughput Snowflake ML now supports Container Runtime, enabling users to efficiently execute large-scale ML training and inference jobs on distributed GPUs from Snowflake Notebooks Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new advancements that accelerate the path for organizations to deliver easy, efficient,
Snowflake Open Catalog allows users to easily adapt as the needs of their organization evolve, integrating new engines and applying consistent governance controls across them Snowflake is making it easier for enterprises to derive insights from PDFs and other documents using natural language with the general availability of Document AI Snowflake adds new threat prevention and security monitoring capabilities to the Snowflake Horizon Catalog to help enterprises further safeguard their data Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, new advancements to its market-leading platform that enable enterprises to cut th
Customers including Siemens AG, Mutual of Omaha, Panther, and more are using Hybrid Tables to simplify their architectures, alongside their security and governance posture Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, a modern approach to bring transactional and analytical data together in a single, unified platform with Unistore. Unistore is powered by Hybrid Tables (now generally available on AWS), a table type that enables fast, high-concurrency point operations to support transactional workloads. With Unistore, customers can further simplify their data architectures, while ensuring consistent security and governance
Snowflake Intelligence is a groundbreaking platform that will empower business users to create data agents, so they can analyze, summarize, and take action from their enterprise data Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced at its annual developer conference, BUILD 2024, Snowflake Intelligence (in private preview soon), a new platform that will enable enterprises to easily ask business questions across their enterprise data to unlock data-driven answers, and in just a few steps, create data agents that take action on those insights. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112979252/en/Snowf
Snowflake (NYSE:SNOW), the Data Cloud company, will attend the UBS Global Technology and AI Conference. Chief Executive Officer, Sridhar Ramaswamy will present at the conference on Tuesday, December 3rd at 2:55 PM Mountain Time. An event webcast will be accessible on the investor relations section of the Snowflake website at https://investors.snowflake.com and archived on the Snowflake site for a period of 30 days. About Snowflake Snowflake makes enterprise AI easy, efficient and trusted. Thousands of companies around the globe, including hundreds of the world's largest, use Snowflake's AI Data Cloud to share data, build applications, and power their business with AI. The era of enter
Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth Net revenue retention rate of 127% 542 customers with trailing 12-month product revenue greater than $1 million 754 Forbes Global 2000 customers Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120291775/en/Snowflake Q3 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $9
Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it will release its financial results for the third quarter of fiscal year 2025, which ends October 31, 2024, following the close of the U.S. markets on Wednesday, November 20, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on November 20, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 722726). For investors and participants outside the United States, see global dial-in numbers here (Access code: 722726). The call will also be webcast live on the Snowflake Investor Rela
Product revenue of $829.3 million in the second quarter, representing 30% year-over-year growth Net revenue retention rate of 127% 510 customers with trailing 12-month product revenue greater than $1 million 736 Forbes Global 2000 customers Remaining performance obligations of $5.2 billion, representing 48% year-over-year growth Authorized the repurchase of an additional $2.5 billion under our stock repurchase program through March 2027 Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its second quarter of fiscal 2025, ended July 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.c
Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it will release its financial results for the second quarter of fiscal year 2025, which ends July 31, 2024, following the close of the U.S. markets on Wednesday, August 21, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on August 21, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 788782). For investors and participants outside the United States, see global dial-in numbers here (Access code: 788782). The call will also be webcast live on the Snowflake Investor Relatio
Product revenue of $789.6 million in the first quarter, representing 34% year-over-year growth Net revenue retention rate of 128% 485 customers with trailing 12-month product revenue greater than $1 million 709 Forbes Global 2000 customers Remaining performance obligations of $5.0 billion, representing 46% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its first quarter of fiscal 2025, ended April 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240522387237/en/Snowflake Q1 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $828
Snowflake (NYSE:SNOW), the Data Cloud company, today announced it will release its financial results for the first quarter of fiscal year 2025, which ends April 30, 2024, following the close of the U.S. markets on Wednesday, May 22, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on May 22, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 837931), or if outside the United States, by dialing +1 (929) 526-1599 (Access code: 837931). The call will also be webcast live on the Snowflake Investor Relations website. An audio replay of the
Product revenue of $738.1 million in the fourth quarter, representing 33% year-over-year growth 461 customers with trailing 12-month product revenue greater than $1 million Net revenue retention rate of 131% 691 Forbes Global 2000 customers Remaining performance obligations of $5.2 billion, representing 41% year-over-year growth Snowflake (NYSE:SNOW), the Data Cloud company, today announced financial results for its fourth quarter and full-year of fiscal 2024, ended January 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228273435/en/Snowflake Q4 and Full-Year FY24 Infographic (Graphic: Snowflake) Rev
Snowflake (NYSE:SNOW), the Data Cloud company, today announced it will release its financial results for the fourth quarter and full year of fiscal year 2024, which ends January 31, 2024, following the close of the U.S. markets on Wednesday, February 28, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on February 28, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 766155), or if outside the United States, by dialing +1 (929) 526-1599 (Access code: 766155). The call will also be webcast live on the Snowflake Investor Relations website
Product revenue of $698.5 million in the third quarter, representing 34% year-over-year growth 436 customers with trailing 12-month product revenue greater than $1 million Net revenue retention rate of 135% 647 Forbes Global 2000 customers Remaining performance obligations of $3.7 billion, representing 23% year-over-year growth Snowflake (NYSE:SNOW), the Data Cloud company, today announced financial results for its third quarter of fiscal 2024, ended October 31, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231129673643/en/Snowflake Q3 FY24 Infographic (Graphic: Snowflake) Revenue for the quarter was $734.
Snowflake (NYSE:SNOW), the Data Cloud company, today announced it will release its financial results for the third quarter of fiscal year 2024, which ends October 31, 2023, following the close of the U.S. markets on Wednesday, November 29, 2023. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on November 29, 2023. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 973189), or if outside the United States, by dialing +1 (929) 526-1599 (Access code: 973189). The call will also be webcast live on the Snowflake Investor Relations website. An audio re
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USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be "on military bases surrounded by machine guns," as stated in an interview with Noema Magazine. According to analysts at Dell'Oro Group, data center spending is fo
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
Frank Slootman remains Chairman of the Board Snowflake (NYSE:SNOW), the Data Cloud company, announced today that Frank Slootman has decided to retire as Chief Executive Officer and Sridhar Ramaswamy has been named as Chief Executive Officer and member of the Board of Directors effective immediately. Mr. Ramaswamy previously held the position of Senior Vice President of AI at Snowflake. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228398564/en/Sridhar Ramaswamy, Chief Executive Officer of Snowflake (Photo: Business Wire) Frank Slootman will continue to serve as Chairman of the Board. "As the leading cloud data platform,
Snowflake (NYSE:SNOW), the Data Cloud company, today announced that Brad Burns is joining the company as Chief Communications Officer. In his new role, Burns will be responsible for Snowflake's communications strategy, advising the company's leadership as Snowflake continues to grow and scale as a technology leader. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240124826696/en/Snowflake Appoints Brad Burns as Chief Communications Officer (Photo: Business Wire) "We are thrilled to welcome Brad to the Snowflake team," said Denise Persson, Chief Marketing Officer at Snowflake. "With a wealth of experience from highly successful en
The funding program features 10 iconic venture capital firms and aims to expand the ecosystem and accelerate growth for startups building Snowflake Native Apps AWS will provide up to $1M in free Snowflake credits on AWS over four years to Snowflake Native Apps developers Snowflake (NYSE:SNOW), the Data Cloud company, today announced at its Snowday 2023 event, the launch of the Powered by Snowflake Funding Program, which intends to invest up to $100 million dollars toward the next generation of early stage startups building Snowflake Native Apps. The Powered by Snowflake Funding Program features leading venture capital firms Altimeter Capital, Amplify Partners, Anthos Capital, Coatue,
Snowflake (NYSE:SNOW), the Data Cloud company, today announced Tyler Prince as Senior Vice President of Worldwide Alliances & Channels, starting July 5, 2023. Prince will be responsible for leading Snowflake's global channel and partner business to drive increased growth, collaboration, and customer-centric innovation across the Data Cloud ecosystem. The Snowflake Partner Network unlocks the potential of the Data Cloud with a broad array of cloud, services, technology, and data partners and Snowflake-offered programs that enable both customers and partners to make the most of their Snowflake deployment. With Snowflake Marketplace, customers have access to a variety of data, data services,
Snowflake (NYSE:SNOW), the Data Cloud company, today announced the appointment of Steve B. Burke to its Board of Directors, effective immediately. John McMahon will step down from the Snowflake board after the company's annual meeting on July 5. Snowflake thanks Mr. McMahon for his 10 years of service on the Board. "We're delighted to have Steve join Snowflake's Board of Directors," said Frank Slootman, Snowflake Chairman and CEO. "Steve's highly respected leadership tenure in the media industry combined with his credentials as an accomplished executive will bring valuable perspective to the Snowflake Board." Mr. Burke had a long career in the media business, most recently serving as CE
Snowflake (NYSE:SNOW), the Data Cloud company, today announced the appointment of Mark D. McLaughlin to its Board of Directors effective April 5, 2023, following the resignation of Carl M. Eschenbach, who was recently appointed Co-CEO of Workday. Snowflake thanks Mr. Eschenbach for his four years of service on the Board. "We are thrilled to have Mark join Snowflake's Board of Directors," said Frank Slootman, Snowflake Chairman and CEO. "Mark's highly accomplished public CEO credentials combined with his long and successful tenure in the world of cybersecurity are much welcomed by the Snowflake Board." From 2011 until 2018, Mark served as Chief Executive Officer and Chairman of the Board