Snowflake Inc (SNOW)

[TheFinalCD]

SNOW NVDA

[BottomBounce]

Snowflake Inc. $SNOW Total Debt (mrq) $254.84M

[alchemytrader]

150.00 now...never say never.

[$Pistol Pete$]

Nice close man…I am heavy invest into this one

[$Pistol Pete$]

I don’t think it will get below $120 again. Maybe in our dream though

[alchemytrader]

wait for 120.00 to be interested.

[$Pistol Pete$]

Buy the dip man

[$Pistol Pete$]

Holding strong here

[StockLogistics]

This stock is called “snow” and SP increases from May till early December, before winter begins in the U.S.., it appears. That is some sort of counter trend to the idea of snowing.

[Liam859]

$SNOW $128 I loaded so you can dump on me now

[alchemytrader]

Calls babyyyy$$$$

OMG...RIP!

[alchemytrader]

SNOW melted again.

[Porterhouse10]

Down goes Balboa! Yo Adrian!

[Porterhouse10]

It just Did!

[bcapps66]

Looking at the price drop the last few days that should have read "CRIES babyyyy" LOL!

[IVANj]

Calls babyyyy$$$$

[bcapps66]

Wow! Just...wow

[bcapps66]

Ouch!!! Wicked haircut!

[Prudent Capitalist]

If increasing revenue by 101% over the previous comparable quarter and improving the bottom line is bad, then Houston, we have a problem. It appears that the problem was disappointing forward guidance that did not match Wall Street expectations. SNOW is a screaming buy down here for long term investors, e.g. this am Cowen & Co. maintained its outperform rating but lowered its price target for SNOW to $390. Several firms still have price targets in the high $300's for SNOW, even after adjustments since the release last evening. I sure wouldn't sell any SNOW shares down here.

[alchemytrader]

WOW! -30% drop after hours on bad earnings!

[ThatHawaiiGuy]

WOW! +50% since i started watching this bad dog....

[BottomBounce]

$SNOW Total Debt (mrq) $200.53M
Book Value Per Share (mrq) $16.76
https://finance.yahoo.com/quote/SNOW/key-statistics?p=SNOW

[WealthyKing]

Come on snow! 100 calls @240 expiring today ...

[WealthyKing]

I was 5 days off on my ask for $270, too bad I was holding such near term options that went worthless...thanks for the reminder

[Reversemergers]

I want 270 tomorrow too

[Nunngoy]

King -- sorry for the loss - nobody else has the B ____S to admit it - GET IT BACK !

[Nunngoy]

King -- sorry for the loss - nobody else has the B ____S to admit it - GET IT BACK !

[WealthyKing]

And back down $snow goes. Can we please see 270 tomorrow

[WealthyKing]

Snow may be bucking the trend here, time to move back up

[TheSprinx]

Snowflake Data Marketplace Expands Total Providers Over 300%, Unlocking More Value for Thousands of Organizations!!!!
Boom

[WealthyKing]

I'd love to see them dump 15 million today or tomorrow

[zatafour]

SNOW... loading up puts, the locked up shares are in the process of being cleared by brokers

[WealthyKing]

Sold my call options for loss yesterday thinking today would be big red day...this sucks

[WealthyKing]

My put options went from big green to 95% loss today...friggin bs

[Pisd]

Made money.. sold remaining shares today ..watch list SNOW$...

[WealthyKing]

What a bunch of bs today...

[Pisd]

Snowflake Lockup to End Early for Some Shares. A Blizzard of Selling Is Possible. -- Barrons.com

Today 2:22 PM ET (Dow Jones)Print


By Eric J. Savitz

Snowflake could be headed for an avalanche of insider selling.

In a securities filing late last week, the cloud-based data warehouse company disclosed that the huge run-up in its stock price following its initial public offering had triggered a provision in its lockup agreement with the company's officers, directors, and early shareholders to allow a quarter of those holdings to trade.

Terms of the deal required that Snowflake (ticker: SNOW) trade 133% above the company's $120 IPO price for at least 10 days in a 15-day period. That requirement was fulfilled on Dec. 29, and 37.9 million previously locked-up Snowflake shares will be free to trade on Thursday.

Note that the company issued 28 million shares in its September IPO. An initial tranche of previously locked-up stock became free-trading on Dec. 15.

Snowflake shares, while still well above the original IPO price, have come back a little closer to terra firma. The stock opened for trading on Sept. 16 at $245, then closed at $253.93. As recently as a month ago, the stock traded as high as $429 on an intraday basis, but it has since been gradually ebbing, closing on Monday at $278.24.

Snowflake has slipped about 14% since the first tranche of insider shares was freed up for trading.

In a research note Tuesday, Deutsche Bank analyst Patrick Colville repeated his Hold rating, cutting his price target on the stock to $335, from $270. He estimates that the additional shares to be freed this week will increase the free float in Snowflake shares by 87%.

"With Snowflake stock up almost 133% from its IPO price, we expect some investors to cash out as lockups expire," he wrote. "This could weigh on share price accretion from here."


But in trading Tuesday, Snowflake was actually up 1.6%, to $282.74.


Write to Eric J. Savitz at [e-mail]

(END) Dow Jones Newswires

January 05, 2021 14:22 ET (19:22 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

[Pisd]

Doubled down here $292, might hold on.. SNOW$...

[Pisd]

Made money two swing trades..try again today imo.. SNOW$...

[ClayTrader]

* * $SNOW Video Chart 12-15-2020 * *

Link to Video - click here to watch the technical chart video

[Pisd]

Too soon lol ..

[Pisd]

Bought back some SNOW$ today $336 gl...

[Liam859]

Does that mean my call options lose money Monday?? I bought some $400 calls EOD Friday for $6.20 exp 12/18 just cause everyone says will go down ;)

[r clarke]

There are some lockups expiring, so this may get beat up a bit next week.

Valuation is totally insane. Its priced as if its a monopoly and Amazon
and Microsoft arent competitors.







"Wouldn’t want to short this next week

[trades2win]

What a short this was ??

[tothetop813]

Wouldn’t want to short this next week

[Cat dog]

Snow a 10 for 1 stock split in the works is a possibility I believe.

[Cat dog]

Snow @ 1000 in 2021

[Pisd]

I think this snow melts..wait for next storm SNOW$..

[Pisd]

..more than 2 Billion served today, WOW.. SNOW$..