Snowflake stock reddit. are . Mar 1, 2024 · Prior to taking Snowflake public in 2020, he had done the same for ServiceNow in 2012 and Data Domain in 2007. The amount of hype snowflake gets on here is seriously Forward p/e means the stock price (p) compared to the expected (forward) earnings (e) of the company. Welcome to r/Snowflakestock, a community for long-term holders and enthusiasts of the Snowflake (“SNOW”) stock! Please feel free to share insights, strategies, and stay up-to-date on news and stock trends! Snowflake Inc. 72%. The high valuation creates downside risk if growth doesn’t stabilize. This movement occurred within a trading range of $226. 81 billion. People must have noticed all around the massive option trade on 4/19/2024 on <snowflake> Look at the excessive millions amount of calls bought at strike 180; one is playing a calendar play here with options; regardless; the materiality of this position will alter course of this stock at due time, simple given it's size of options. I leverage a transactional platform where we purchase media in real time, and I can see my campaign data via a Snowflake AWS datashare in as little as 10 minutes whereas the platforms themselves take hours to update with aggregate indicators. Over the long term, Snowflake still expects to generate $10 billion in product revenue by fiscal 2029. Investors are eyeing product initiatives under a new CEO for Snowflake stock. How to Invest in Reddit Stock. 96% from the current stock price of 112. In my personal view, Snowflake and Databricks overlap in the target customers' practice, but the customers are so all over the place -- from teams that can't use git, to teams of hard-core technologists -- that they have little overlap in the target customers themselves. Sep 3, 2024 · A slowdown in cloud computing growth has pressured SNOW stock. Only a handful of cloud companies go up, and I am sure Snowflake isn’t one of them. psa/caveat: when you buy a single blessing from the gobbler for 5 snowflakes, it is immediately consumed with a chance to get 3 buffs to 1 wintersday gift. 27. They primarily hunt (non-cleaning) shrimp, small lobsters, crabs octopus, squid. my thinking was this stock had equal market cap as service now. (reddit makes it a link lmao)) SNOW - If there's one thing I have learned this earnings season, it’s that cloud stocks get slaughtered, whether they beat or miss earnings. That shit is lightning fast. The Redditor highlighted the potential of the company’s upcoming CEO transition and strategic partnerships. We would like to show you a description here but the site won’t allow us. Snowflake's founders started from scratch and built a data platform that would harness the immense power of the cloud. It was difficult to get any kind of tracing or performance monitoring. Analysts have a mean target price of $207. The average target predicts an increase of 58. Large snowflakes will sometimes hunt fish, but even if so it is a minor part of their diet. Snowflake sales tried to go around telling customers all they needed was snowflake, but this is an expensive trap, and now with a lot of advancements in AI it’s becoming obvious to customers who went down this path that this was also a mistake, especially because snowflake has data exfiltration costs. Sure, now I think Arm’s forward p/e is 100 something, which is too high for any traditional value investor to even consider to buy fractional shares. Never had anyone go to oracle. reported substantial market movement recently, possibly triggered by the announcement of CEO Frank Slootman's stepping down. 56 and $237. Agreed. Run your own comps and stop relying on fault random data. Share your ideas and get valuable insights from the community of like minded traders and investors. Microsoft Office dominates every office in corporate America, Teams is a very competitive alternative to Zoom, Azure is following very closely behind AWS, LinkedIn is every job recruiter’s essential tool, Github doesn’t need any explanation, Activision-Blizzard is joining their portfolio soon, and so many of their other products like Xbox, Windows, etc. Everyone love snowflake but it was too expensive. 55 for Snowflake's stock, with a consensus recommendation score of 2. 88 on the same day, against a backdrop of a year-to-year fluctuation between $128. Do I believe that Snowflake is a stock that could experience huge growth in the future as the company continues to take all the right steps in building out its platform? 100% I worked in consulting last year and we sold different data and analytic solutions. This can turn customers away once they start to see their bills skyrocket. No stake in either org. a single buff lasts 15 minutes. The companies that used snowflake had large marketing budgets. Additionally, Snowflake stock is trading at a P/E of 246 currently. But their vision didn't stop there. Redshift was also lazily built on top of Postgres. Most brokers will cancel a market order if the price of the stock changes beyond a few % points from when you initiate to execute the order. 63 and a low estimate of $54. Snowflake is very expensive and compute costs can grow quickly. Both did very well by investors. Better yet, you can do it right now on any listed stock, regard. There's almost no snowflake support by the open source community. That moat is very wide and safe. Sounds like you are operating on hopium. For beginner advice, brokerage info, book recommendations, even advanced topics and more, please read our Wiki here. Snowflake brought in functions from all the data databases. McLaughlin bought $501k worth of stock above $165 this month without being required to do so as part of any agreement. If you don’t, then I would sell or hold. I would write a ten-page investment thesis if I had the time but in a nutshell: Snowflake still has the best technology to process large amounts of data efficiently. Their median engineers are $400k+, so $750k total comp wouldn't be outrageous for somebody senior or especially talented. Nothing that happened is surprising. I had a snowflake for over 10 years and it reached 32 inches. I have a hard time believing that. Consensus analyst ratings for Snowflake stock stand at a Buy with a price target of $183. 74, indicating a sentiment that Snowflake's current dip could present a buying opportunity. (SNOW) stock quote, history, news and other vital information to help you with your stock trading and investing. The only other close to it is Redshift, which did catching up with Snowflake. You're making false equivalencies and don't understand the product, the market segment, their financials, and really have a pretty bad argument altogether. 72. Robust Forward Demand: Product remaining income (RPO) growth in excess of 100% signals a strong pipeline of committed future revenue, bolstering confidence in Snowflake, Amazon’s AWS, and Microsoft’s Azure are all cloud services, but they have different focuses and capabilities: • Snowflake Inc. And the product doesn't work by itself, you have to already have your business on Amazon or Microsoft first. On an adjusted basis, Snowflake SNOW, +0. If you were following the stock 6 mo this ago and read their filings you would have seen when these trades were happening. I am long on cloud computing overall, my largest stakes are currently SKYY etf and snowflake inc. Apr 8, 2024 · You believe Snowflake stock can significantly outperform the S&P 500 over the next three to five years. How to Invest in Coca-Cola Stock (NYSE:KO) By definition a winning stock pick will spend a lot of its time making new all time highs. Snowflake was valued around $4b in late 2018, and is sitting around $80b today. you can only stack buffs to 24 hours, any further purchases of the blessings will spend snowflakes but return nothing at all Snowflake IPO becomes official tomorrow morning: Some pretty chill stuff about Snowflake - Expected market value estimated at 30 billion. 08% earned 14 cents a share, up from 10 cents a share a year before, whereas the FactSet consensus was for 4 cents a share. I was generally unimpressed with it, the queries were slow and the response time would vary greatly. The company’s outlook may be limited unless growth stabilizes. The difference being is Bigquery needs be on GCP and Snowflake is available on AWS and Azure which have higher cloud market shares. So I know when you evaluate stock, you can’t rely too much on p/e or forward p/e. If anything, this shows the monopoly power of AWS because even if Snowflake does take AWS Redshift customers, those customers will still use AWS S3 for storage. The retirement of CEO Frank Slootman also contributed to the stock's decline. I believe that is build off their data share technology. So, people are valuing the stock at that multiple of what they expect the upcoming earnings to be. snowflake is a data wharehouse tool that is very optimized for writing queries/workbooks to pull data within the tool, and while databricks offers datalakehouse/warehousing, it is often only used for ETL processes like scheduling jobs to run notebooks that pull from snowflake. The second piece is storage, and Snowflake stores data on AWS S3. They just don't think Redshift is that close to snowflake in capabilities. 94. Find the latest Snowflake Inc. In order to reverse your -62%, the stock will basically have to go up 150% from now. r/snowflake: Unofficial subreddit for discussion relating to the Snowflake Data Cloud So 2 pieces. Nothing wrong with sitting it out but I don't get the sports-like hatred of stocks that do well; really is a bad look. 38 billion, with total revenues of $2. . 69 in 2035, with a high prediction of $52. So if you out in a market order for 10 shares when the price is listed at $100, but the stock then debuts at $150, you may not have enough fund available to cover the difference. Despite negative margins in profitability, Snowflake shows strong revenue growth with a 3-year CAGR of 67. 56 to $233. That’s understandable, as Buffett is a legendary investor Posted by u/Hopeful_Substance_79 - 1 vote and no comments Coming into the print, investors were betting that Snowflake, the provider of a platform for big data storage whose stock had gained 70% over the past 12 months, would benefit from the rise of AI Apr 9, 2024 · A recent Reddit post by user Fountainheadusa has sparked a lively discussion about Snowflake Inc SNOW stock. As someone who actually used the Snowflake service. I am bullish on both on the long term but I want to make a good entry with snowflake given the high volatility however I have no idea what moves the price, I know very basic technical analysis which does not seem to hold, and the price seems to shoot in either direction without fundamental May 31, 2024 · Snowflake stock is expensive. Supposedly he had 32k shares and just made close to 10 million. Likely not even 3 feet. They DO NOT get 4 feet in length. Analysts' consensus tags the stock as a "Buy" with a target median price of $200 and a consensus target of $222. (SNOW) became a fad stock when it more than doubled its IPO offer price of $120 and closed at $245 in September 2020. He similarly added $300k early last year at a higher price. These are SEC regulated timed sales that are disclosed months in advance. Track Snowflake Inc (SNOW) Stock Price, Quote, latest community messages, chart, news and other stock related information. Quick reminder that Snowflake is a small company that somehow loses a million dollars a day and is struggling to buy a tiny slice of sales in a market owned by Amazon, Microsoft and Oracle. 03, with a low estimate of 121 and a high estimate of 230. Snowflake will be the go-to-platform for anything data related. Therefore, is Snowflake now overvalued? undervalued? It is truly tough to say without enough historical financial data and stable metrics to argue the weight of the stock. Let’s explore the insights shared by Reddit investors and delve into the I have an old coworker who joined Snowflake 2 years ago as a "sales director" basically a enterprise AE. Snowflake received a vote of confidence Tuesday after a filing revealed that Berkshire Hathaway and Salesforce each agreed to purchase $250 million of stock at the IPO price in a concurrent private placement. Snowflake a good company but the starting market cap at ipo was gigantic, selling at the highest sales multiple in the tech sector. It was the largest snowflake I've ever seen. Snowflake posted $589 million in revenue, up from $384 million a year before, while analysts were expecting $576 million. A recent Reddit post by user Fountainheadusa has sparked a lively discussion about Snowflake Inc (NYSE:SNOW) stock. 00. Its market capitalization at the time of this writing is approximately $49 billion despite reporting a cumulative net loss of $927 million over its trailing 12 Welcome to r/stocks!. Mar 4, 2024 · Snowflake's stock sank 20% after a disappointing first-quarter and full-year fiscal 2025 revenue guidance. Snowflake will make a lot of money short term but they lose their customers in the long run. 98%. They started the data sharing concept, which everyone is following now. 03 or -1. Snowflake's is incredibly high despite their revenue growth not being anywhere near about to justify it. I am all-in. The product affects stock price and the stock price affects Snowflake's product. It’s still a long way to go for Snowflake to become profitable. If you’re unwilling to buy a stock that has run up just because the price is higher now than it was 3 months ago you’re saying you don’t want to own winners Buffett agreed to buy at the IPO price, not at $80/share. See the projected annual prices until 2050 of the Snowflake Inc stock below: Snowflake Inc (SNOW) is expected to reach an average price of $48. Most went with databricks and azure synapse. So you’re hoping for that much of a gain in 1 year. Snowflake will lose significant market share to Databricks in coming years, as Databricks is essentially an equivalent solution at much lower cost and open source integrated. The stock is currently in the 170s. This difference suggests that Snowflake might be simpler to implement for many organizations, as Databricks' open-source nature could require more We've done a TCO cost comparison of DBX, our own Spark, and Snowflake, Snowflake wins and is quite efficient. Disclaimer: employer is a Snowflake customer, have friends in Databricks but not in Snowflake. Apr 9, 2024 · Fountainheadusa’s post makes a compelling case for buying Snowflake stock on declines. 67. Snowflake Inc. The post compares SNOW with its peers and cites Berkshire Hathaway's investment as an example. Stock markets can be completely divorced from reality and fundamentals, so Snowflake stock might moon. An IC4 at snowflake could reasonably have been making $250k base + $500k stock in 2019. ServiceNow's public Snowflake Inc. N) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments However, what's actually more interesting is Mark D. He's a director of Snowflake and Palo Alto Networks, and Chairman of Qualcomm. But the Snowflake-employed mods unfortunately have decided on censorship of anything but positive marketing blog posts. That implies its top line could grow at a compound annual growth rate (CAGR) of 36% from fiscal 2022. We also migrated some companies off of snowflake because of cost. and service now is one of the most successful SaaS companies in this era, having proven to the market with consistent results for a decade. 17% rise from the last recorded price of $113. Shares were expected in the 50-75 range, however it has since doubled, as shares are to begin trading at $120. A user on r/investing subreddit argues that SNOW is a fad stock with high valuation, low margins, and excessive share-based compensation. A fundamental difference between Snowflake and Databricks lies in their underlying architecture; Snowflake is built on a proprietary system, whereas Databricks leverages an open-source foundation. Curious on what type of stock options people have there Oct 16, 2023 · When Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) CEO Warren Buffett loads up on a stock, you might be tempted to do what he does. Let’s explore the insights shared by Reddit investors and delve into the implications One benefit of Snowflake is they are ahead of the game. If you believe the stock will do anything close to 150% gains, then for sure double down by DCAing more. The first piece, Snowflake, is software that competes with AWS Redshift. This is happening because of deceptive advertising and poor tech. There are customers with $50M cloud commits with aws still adopting snowflake. Yes, Snowflake is richly valued and if you don't know/believe the reasons then you don't own the stock. It uses the elastic, scalable Azure Blobs Storage as its internal storage engine, Azure Data Lake to store unstructured Sep 11, 2024 · Get Snowflake Inc (SNOW. (NYSE: SNOW) witnessed a decline in its stock price, closing at $230 on February 28, 2024, which marks a decrease of $4. They . - Snowflake is a Data Warehouse-as-a-Service solution developed for the cloud. Snowflake certified professional and small scale investor here. This indicates an $-57. As of the most recent data, Snowflake's market cap is $51. i didnt touch this stock. but guess again, shares opened at $260! 6 days ago · The 36 analysts with 12-month price forecasts for Snowflake stock have an average target of 178. Net Revenue Retention Rate (NRR) Excellence: Snowflake's NRR exceeding 160% showcases exceptional customer loyalty and their ability to expand spending within their existing user base. Then, in mid-November 2021, SNOW rose to $390 -- that was an increase of 225% from the IPO offer price and made many investors giddy. For stock recommendations please see our portfolio sticky, sort by hot, it's the first sticky, or see past portfolio stickies here. xltlyel jqmjt bhofk lshkhfez fiqy dpku lyklun riauxk lnmpv zhrezj