Top 10 Owners of Snowflake Inc.
| Stockholder | Stake | Shares owned |
|---|---|---|
| Iconiq Capital LLC | 8.20% | 25,102,653 |
| Altimeter Capital Management LP | 5.55% | 17,001,796 |
| The Vanguard Group, Inc. | 4.95% | 15,147,939 |
| Morgan Stanley Investment Managem… | 4.59% | 14,066,364 |
Similarly, Why is snowflake so popular?
Why Snowflake is special
It serves a wide range of technology areas, including data integration, business intelligence, advanced analytics, and security & governance. It provides support for programming languages like Go, Java, . NET, Python, C, Node.
What companies use snowflakes? Companies Currently Using Snowflake Data Warehouse
| Company Name | Website | Phone |
|---|---|---|
| AT&T | att.com | (210) 821-4105 |
| Cisco | cisco.com | (408) 526-4000 |
| Doordash | doordash.com | (855) 973-1040 |
| Citi | citi.com | (800) 285-3000 |
Thereof, How does Snowflake make money?
Snowflake’s Total Revenue, which includes its revenue from Professional Services grew from $97 million in FY’19 to about $265 in FY’20 and we expect it to grow 110% to about $557 million in FY’21. Now Snowflake is not only adding new customers at a rapid clip, but it is also better at monetizing its existing users.
What kind of company is Snowflake?
Snowflake is a cloud-based data warehousing service, and the market in which it operates is highly competitive.
Is Snowflake owned by Amazon?
It runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company was ranked first on the Forbes Cloud 100 in 2019.
…
Snowflake Inc.
| Type | Public company |
|---|---|
| Founded | July 23, 2012 |
| Founders | Benoit Dageville Thierry Cruanes Marcin Żukowski |
| Headquarters | Bozeman, Montana, U.S. |
Who is Snowflake customers?
Leading cloud computing giants like Microsoft (MSFT), Amazon (AMZN), and Alphabet’s Google (GOOGL) today allow their customers to use Snowflake (SNOW) software. About two-fifths of Fortune 500 companies use Snowflake software today.
Who are snowflakes clients?
Snowflake’s customer base also spans several sectors and boasts big names, including Office Depot, McKesson, Nielsen, DoorDash, Instacart, and Rent the Runway. Capital One is Snowflake’s biggest customer, accounting for 11% of Snowflake’s revenue in the past fiscal year.
How is Snowflake market?
Snowflake estimates its total current addressable market at about $81 billion, over 70x its projected FY’22 revenue. Snowflake’s business model is also consumption-based, rather than being fixed fee, unlike many other SaaS names, giving the company’s a lot of upside as data and query volumes rise for customers.
Is Snowflake losing money?
Snowflake SNOW, +1.16% reported fourth-quarter losses of $132.2 million, or 43 cents a share, on sales of $383.8 million, after losing 70 cents a share on revenue of $190 million a year ago.
Who funded Snowflake?
– February 10, 2020 – Snowflake, the cloud data platform, today announced $479 million in additional growth funding co-led by new investors, Dragoneer Investment Group and Salesforce Ventures.
Does Snowflake have a future?
Snowflake’s investor day presentation offers a rosy view of the future. It expects its product revenue to rise from $554 million in fiscal 2021 to $10 billion in fiscal 2029, which equals a CAGR of 43.6%.
What is the future of Snowflake?
For the first quarter, Snowflake expects its product revenue to grow 79%-81% year over year. For fiscal 2023, it expects its product revenue to increase 65%-67%. Analysts expect its total revenue to increase 65% for the year, then grow another 57% in fiscal 2024.
Does Snowflake pay a dividend?
Snowflake (NYSE: SNOW) does not pay a dividend.
Is Snowflake better than redshift?
Bottom line: Snowflake is a better platform to start and grow with. Redshift is a solid cost-efficient solution for enterprise-level implementations.
Does Capital One own Snowflake?
SAN MATEO, Calif. – Sep. 6, 2017 – Snowflake Computing, the only data warehouse built for the cloud, today announced that Capital One Growth Ventures, the venture investing arm of Capital One Financial, has joined its latest round of growth funding, bringing Snowflake’s Series D round to a total of $105 million.
Who made money on Snowflake?
Four of them — Frank Slootman, Bob Muglia, Michael Scarpelli and Benoit Dageville — together own stakes worth $3.7 billion at the offering price. Only one of them, Dageville, was a founder. His stake is smaller than Slootman’s, who joined as chief executive officer from ServiceNow Inc. last year.
When did Snowflake go public?
Snowflake came public on Sept. 16 at $245, more than double the expected IPO price. The company is now valued at $84 billion, even though 2020 revenue won’t exceed $600 million.
Is Snowflake stock overvalued?
The bottom line is that Snowflake stock is overvalued – though if you have already bought shares, don’t be alarmed. The company is likely to catch up with its valuation in coming months, so there is no need to sell those shares.
Is Snowflake a good long-term investment?
In total, Snowflake has 4,990 customers, with 116 of those bringing in 12-month product revenue of more than $1 million each. With a strong bull case, Snowflake is demonstrating its potential to grow as a company and present a great long-term investment.
Where will Snowflake be in 5 years?
The sales number in five years would be about 760% (7.6 times) the present. The most optimistic view is that Snowflake retains its present 100% annual growth rate for a full five years. The five-year rate of sales growth would then be 3200% (32 times) the present.
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