Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 66.90% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 4.68B.
Undervalued
The company’s latest PE is -58.40, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 262.25M shares, decreasing 8.71% quarter-over-quarter.
Held by Bill Nygren | OAKMX
Star Investor Bill Nygren | OAKMX holds 853.19K shares of this stock.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 0.74.