Snowflake (NYSE: SNOW) is owned by 66.79% institutional shareholders, 42.20% Snowflake insiders, and 0.00% retail investors. Iconiq Strategic Partners V LP is the largest individual Snowflake shareholder, owning 33.14M shares representing 10.53% of the company. Iconiq Strategic Partners V LP's Snowflake shares are currently valued at $7.78B.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 7.77% | 24,427,632 |
| Altimeter Capital Management LP | 5.42% | 17,041,796 |
| The Vanguard Group, Inc. | 4.74% | 14,925,288 |
| Morgan Stanley Investment Managem... | 4.27% | 13,440,307 |
Is Snowflake a public company?
Snowflake has only just begun its time as a public company — we will get a much better sense of its staying power over the next six to 12 months. Despite strong competitive pressure, an excellent management team, favorable market dynamics, and an exceptional track record suggest that Snowflake may be much more than a flash in the pan.
Should you buy snow stock?
Snowflake Inc. (NYSE:SNOW) concluded the trading at $268.28 on Wednesday, February 02 with a fall of -5.46% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $283.76 with its price kept ...
What does Snowflake company do?
- Data Engineering Simple, reliable data pipelines in the language of your choice
- Data Lake Access, performance, and security for your data lake
- Data Warehouse Analytics at scale on all your data with near-zero administration
- Data Science Simple data preparation for modeling with your framework of choice
What does Snowflake offer?
- Financial services
- Healthcare and life sciences
- Retail
- Advertising
- Media
- Entertainment
- Technology
- Government
- Education
Is Snowflake owned by Salesforce?
Salesforce placed a $250 million bet on Snowflake at the time of the software company's IPO in 2020. Salesforce sold most of its stake in 2021, but held onto about 5% of its holdings. As of the end of the first quarter, Salesforce owned no Snowflake shares, according to a filing, selling the rest as the market plunged.
Is Snowflake Inc publicly traded?
Snowflake stock went public on Sept. 16, 2020, at 120 a share.
Is SNOW stock a buy?
The financial health and growth prospects of SNOW, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Which funds own SNOW?
Largest shareholders include ICONIQ Capital, LLC, Altimeter Capital Management, LP, Morgan Stanley, Vanguard Group Inc, Sc Us (ttgp), Ltd., BlackRock Inc., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Price T Rowe Associates Inc /md/, Capital Research Global Investors, and Tiger Global Management Llc ...
Why is Snowflake so popular?
For general users, Snowflake provides complete ANSI SQL language support for managing day-to -day operations. It's cloud agnostic, with unlimited, seamless scalability across Amazon Web Services (AWS) and Microsoft Azure (with the prospect of adding Google Cloud soon).
What is happening to Snowflake?
Snowflake reported revenue growth of 84% year over year for its fiscal 2023 first quarter. It was the first time since its 2020 IPO that top-line growth came in below 100%. Management expects revenue growth to decelerate again in fiscal Q2.
What is the prediction for Snowflake stock?
Stock Price Forecast The 30 analysts offering 12-month price forecasts for Snowflake Inc. have a median target of 180.00, with a high estimate of 530.00 and a low estimate of 110.00. The median estimate represents a +39.08% increase from the last price of 129.42.
Is SNOW a good long term investment?
Snowflake Inc. (NYSE:SNOW) delivered a -47.52% return since the beginning of the year, while its 12-month returns are down by -20.53%. The stock closed at $177.76 per share on May 02, 2022. "Snowflake grew revenues...
Is Snowflake a long term hold?
However, in terms of fundamentals, the long-term outlook for Snowflake looks solid, driven by the continued pivot from on-premise databases to cloud-based warehousing solutions and higher spending by its customers.
What ETF holds snowflakes?
The largest ETF holder of SNOW is the Vanguard Total Stock Market ETF (VTI), with approximately 1.68M shares. Investors may also find of interest that the ETF with the largest allocation to SNOW stock is Spear Alpha ETF (SPRX), with a portfolio weight of 5.98%.
How many shares of Snowflake are there?
Share StatisticsAvg Vol (3 month) 37.42MShares Outstanding 5318.1MImplied Shares Outstanding 6N/AFloat 8219.79M% Held by Insiders 19.50%7 more rows
Does Ark own snowflake?
ARKW Holdings of Snowflake (SNOW) - Updated Daily.
Who is the CEO of Snowflake?
In May 2019, Frank Slootman, the retired former CEO of ServiceNow, joined Snowflake as its CEO and Michael Scarpelli, the former CFO of ServiceNow joined the company as CFO. In June 2019, the company launched Snowflake Data Exchange. In September 2019, it was ranked first on LinkedIn 's 2019 U.S. list of Top Startups.
When did Snowflake go public?
On September 16, 2020 , Snowflake became a public company via an initial public offering raising $3.4 billion, making it the largest software IPO and the largest IPO to date to double on its first day of trading.
How much did Snowflake raise?
In October 2018, Snowflake raised another $450 million in a round led by Sequoia Capital, raising its valuation to $3.5 billion.
What is Snowflake cloud?
Snowflake offers a cloud-based data storage and analytics service, generally termed "data warehouse-as-a-service". It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019.
Where is Snowflake located?
Snowflake Inc. is a cloud computing -based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports. Snowflake offers a cloud-based data storage ...
Is Snowflake on Amazon?
Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company is credited with reviving the data warehouse industry by building and perfecting a cloud-based data platform.
Who is the CEO of Snowflake?
In an interview with Yahoo! Finance Friday, Snowflake CEO Frank Slootman was asked about the Berkshire investment and what might have led the company to invest in Snowflake. Slootman had said that most of Snowflake's interactions had been with Todd Combs, one of Buffett's younger lieutenants.
Does Berkshire have Snowflake?
Apparently, Berkshire's insurance operations have used Snowflake's cloud-based data warehouse for some time , so Combs was probably intimately familiar with Snowflake's product and capabilities. Slootman also added that "they are also evolving to become a much more tech-aware, tech-focused, tech centric conglomerate" and ...
How much of Snowflake is owned by Altimeter Capital?
Other executives and investors are getting plenty rich on the Snowflake offering as well: Altimeter Capital owns about 15% of the stock, worth over $9.2 billion . Iconiq owns 14% valued at $8.6 billion. Redpoint controls 9% for a stake of $5.6 billion. Sequoia has 8.6% at about $5.2 billion.
When did Gerstner ask Speiser about Snowflake?
Gerstner told CNBC on Wednesday that he first asked Speiser about the company seven years ago, before Snowflake had a product on the market or a dime in revenue. He was inquiring about the size of the potential prize if everything goes right.
How much does Bob Muglia own?
Former CEO Bob Muglia has about a $1 billion stake, even after selling half his shares to Berkshire for $485 million. In an email earlier this week, Speiser told CNBC that he rarely meets with the media and only does so “at the request of portfolio companies.”.
How much is Sequoia worth?
Sequoia has 8.6% at about $5.2 billion. CEO Frank Slootman ’s 5.9% stake is worth $3.9 billion, just 17 months after joining the company. Finance chief Mike Scarpelli, who followed Slootman to Snowflake from ServiceNow, owns 1.9% worth $1.2 billion.
What Does The Institutional Ownership Tell Us About Snowflake?
Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.
Insider Ownership Of Snowflake
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
General Public Ownership
The general public, with a 17% stake in the company, will not easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
Private Equity Ownership
Private equity firms hold a 7.4% stake in Snowflake. This suggests they can be influential in key policy decisions. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much.
Private Company Ownership
It seems that Private Companies own 4.4%, of the Snowflake stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.
Public Company Ownership
It appears to us that public companies own 4.7% of Snowflake. This may be a strategic interest and the two companies may have related business interests. It could be that they have de-merged. This holding is probably worth investigating further.
Next Steps
It's always worth thinking about the different groups who own shares in a company. But to understand Snowflake better, we need to consider many other factors. Take risks for example - Snowflake has 2 warning signs we think you should be aware of.
When did Snowflake stock hit 429?
Snowflake stock hit an all-time high of 429 in early December. But SNOW stock swooned in late 2020 amid analyst concerns over its lofty valuation. At a June 10 analyst day, Snowflake laid out a path to $10 billion in product revenue by fiscal 2029, which coincides with calendar 2028. The $10 billion revenue target would result in ...
How many employees will Snowflake have in 2022?
For fiscal 2022, for example, Snowflake has told analysts it plans to hire 1,200 net new employees, which would represent 48% growth in head count. Still, investments are paying off in revenue growth. Snowflake had 4,532 customers as of April 30, up 67% from the year-earlier period.
How much did Snowflake lose in the first quarter?
In the first quarter, Snowflake reported a GAAP operating loss of $205.6 million and a GAAP per-share loss of 70 cents. Snowflake stock subsequently fell. It recorded an adjusted operating loss of $35.8 million.
What is Pfizer Snowflake?
Pfizer uses Snowflake tools to forecast product sales and to gain insights into the distribution of the Covid-19 vaccine. Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a software company in September 2020. The IPO raised $3.4 billion.
Is Snowflake stock a premium?
Snowflake stock still trades at a substantial premium as a multiple of forward-looking revenue growth. SNOW stock holds an IBD Composite Rating of 36 out of a best possible 99, according to IBD Stock Checkup. IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating.
Who are the two former Oracle engineers?
Snowflake stock bulls point to its seasoned management team as a strength no matter what unfolds. Two former Oracle engineers — Benoit Dageville and Thierry Cruanes — along with Marcin Zukowski, former chief executive of startup Vectorwise, started Snowflake in 2012.
Does Snowflake support Unified ID 2.0?
Snowflake in July announced support for digital advertising standard Unified ID 2.0. Advertising is one of Snowflake's largest verticals with customers representing a large percentage of players in the space, noted a RBC Capital report. The move comes as Google phases out internet cookies for targeted advertising.
